If you closely examine university and college campuses, you will find there is a mass exodus and influx of students every year. Right from the undergraduate to doctorate courses, you will find students coming in from across the globe and country to pursue their education. They need comfortable and affordable accommodation near their campuses to save money and, of course, travel time to and from the campus. Besides these students, you should also take into consideration the staff who work in these educational campuses too like the janitors, the professors, the human resources and admin staff, even they too look for accommodation near the college campus to save time and money.
Nelson Partners – The demand for student housing real estate is rising
Nelson Partners is a strong name to reckon with in the student housing real estate market in America. This privately-owned company was founded in 2018 by Patrick Nelson, who has more than 14 years of industry experience. It manages over $400 million in assets with two new offerings close to the University of Northern Colorado and the Western Washington University and has its headquarters located in San Clemente in California.
Focus on college-going students
The properties have a special emphasis on college-going students, and they are located near some of the top universities of the USA. Nelson Partners offers customized services to meet the unique needs of all its clients. They collaborate with the owners of the property to understand what their objectives are and later add their expertise in property management to add value to real estate in the country.
The demand is increasing daily for student housing real estate
Every year, students look for accommodation, which is why they prefer to live in properties close to their campuses. Property owners are able to earn a lucrative income as students stay most of the time indoors studying. With the advent of the coronavirus and the commencement of online classes, students hardly go out. This means as a property owner; your occupancy rates are high. On average, a student studies in college for about two to five years, and if he/she decides to go in for a master’s or a doctorate degree, the stay is extended. This means you are able to accrue consistent income from the student during this period irrespective of economic downturns and the current pandemic situation across the nation.
Teaming up with property management experts means that you can focus on how these students live. Since they are students, they generally are not fussy about the interiors of the place, unlike the conventional renter. They want the basic amenities like a good speed wi-fi, kitchen, eating area, cooking space and a common space to meet their family and friends. The ambiance should be conducive to their academic needs.
When it comes to paying rents, it has been surprisingly discovered that they are responsible in nature. In case you still have doubts, you have nothing to fear as students come with a parent guarantor to ensure you get your rents paid on time.