Some many businesses and individuals are going into student housing real estate investment due to its excellent income-generating potential. It has been seen that properties that are close to colleges and universities attract students every year as tenants. So, landlords and property owners are able to enjoy the advantages of regular income even during periods of economic recession and downturn.
Nelson Partners – A trustworthy and credible name in the field of student housing
Founded by Patrick Nelson in 2018, who has 14 years of industry experience. Nelson Partners has carved a niche for itself in the student housing arena in the USA. The company is a privately owned one that focuses on college students and has managed over $400 in assets with two new offerings close to the University of Colorado and Western Washington University.
Some of the best properties by this company are close to credible and reliable universities of America. The real estate professionals focus on personalized services for their clients, so that unique needs are easily met, and the challenges they face can be overcome soon.
The company also enters into long-term collaborations with property owners so that their goals are understood well. It offers its expertise in property management for adding value to real estate in the nation. The team here focuses mainly on student communities for housing that offers them a distinctive perspective on the challenges they face when it comes to successfully addressing the individual needs of housing management.
High demand for students
There is a surge in undergraduate and graduate courses in the academic arena. The enrollment of students is rising as well, and irrespective of the nation’s economic condition, parents will not stop sending their children to college.
Education demand is high, and students are now looking for off-campus accommodation. This is why student housing is increasing at a large pace points out Nelson Partners.
What do real estate experts say?
In real life, whenever there is a local crisis, for instance, the COVID-19 pandemic, its effects on the student housing community are always the opposite. The pandemic shut down colleges and universities; however, it opened the doors to online learning opportunities for the students, both at the school and the college levels.
Students generally stay most of the time indoors as they are busy with their studies, assignments, test preparations, and other things. When it comes to accommodation, they need space to study and rest well. They are not fussy like conventional tenants who take the interiors of the property into account. Students do not want properties in pristine condition. They search for properties that would give them the chance to live and study in peace, preferably close to their campus, so that they can save time and money on transportation costs.
Student housing is a lucrative business, and this is why it is booming in the USA to a large extent. Students are long-term tenants, as if you consider the duration of their courses, they will stay in such property for at least two to five years. This means you will get regular rent and income from the property with success!