Student housing is a booming real estate investment across the globe, and the scenario is no different in the United States of America. Experts from the industry say this investment is different from the other forms of real estate investment because it performs well even during an economic downturn and recession. The reason is there is always a demand for education irrespective of the condition of the economy, and colleges and universities will have a set of students taking admission and leaving every year. So, if one has a property located near a university or college, investing in student housing is a lucrative and smart move.
Nelson Partners- An esteemed name in the field
Nelson Partners is a highly credible name in the field of student housing and its property management in the USA. This privately-owned company was founded in 2018 by Patrick Nelson, who has over 14 years of experience in the industry. It has its headquarters at San Clemente in California and deals with the acquisition, development, and management of properties for student housing. It enters into partnerships and collaborations with property owners to convert their premise into accommodation ideal for the student community.
Earn consistently
Most of the properties under this company are near some of the best colleges and universities in the nation. The team of experts is focused on the transformation of properties that will fetch the owner a consistent source of income every month. At the same time, student housing properties appreciate the passage of time. So, if an owner wishes to sell the property after some years in the future, the returns on investment are good. This is another key reason why property owners of properties close to colleges and universities should consider student housing real estate investment.
Potential and stable cash flow
The biggest advantage of investing in student housing is that you will get regular cash flow. There is a misconception that students are not good tenants as they damage the property and often do not pay their rent in time. However, it has been found students are, in fact, responsible when it comes to making payments, and they do pay in time.
Moreover, student housing rental agreements are not the same as the conventional landlord-tenant agreement. In the latter, the landlord cannot do much when the tenant defaults with rent payments. Recourse to legal measures is often taken for either the recovery of rent or the eviction of the tenant.
However, in the case of student housing, you have parent guarantors who take care of the payment in case the student makes a late payment, so these losses are covered. The terms and conditions of such rental agreements for the student are flexible, and this makes it convenient for them. They do not have to stay in dorms and can focus better on their academic goals with success!
At the same time, according to the experts of Nelson Partners, student housing is a profitable investment that will bring you potential and stable income for many years to come in the future.
