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Kingston Landlords: Tip for Renting to Students

March 18th, 2014 · No Comments · Queen's University, Rent to Students

Kingston landlords Ontario Landlords Association Tips for Rent to Students

The Ontario Landlords Association Has Tips and Advice To Help You Become a Successful Kingston Student Landlord

Renting to students can be a very rewarding investment.

Students are usually focused more on their studies and social lives and far too busy to create drama with their landlord.

This is welcome relief to Ontario landlords who face adult tenants who manipulate the system and end up costing you stress and thousands of dollars in lost rent and damages.

Also, student s have access to OSAP (student loans) so they have enough money to pay the rent and don’t have to worry about job losses.

Many student landlords want a parent to be the student tenant’s co-signer and this is viewed as acceptable while a working adult tenant might object to it.

Kingston Has A Large Group Of Student Tenants

Kingston has a lot educational institutions and that means a lot of students living away from home and looking for good rental housing.

For example, we have Queens University.

It’s a highly regarded university where most of the students are from outside of Kingston.

These students tend to live in university residence for the first year.  However, a lack of privacy and expensive meal plans means many move out and look for private rental housing after the frosh year.

The Queen’s School of business is internationally known and attracts a large number of foreign students who are looking for rental housing.

Kingston is also home to reputable and growing schools such as St. Lawrence College and the Royal Military College of Canada.

Challenges Exist For Student Landlords and Student Tenants

Many students in Kingston complain about the condition of many rental properties in Kingston.

For decades, students and non-landlords in Kingston have complained about the condition of the Queens University “Ghetto”. 

We recommend this story about landlord-tenant relations in Kingston in The Whig.

There has even been an award for the worst student landlord. 

This landlord receives the ‘Golden Cockroach’ award.

While some in the Kingston community feel this type of award warns students about bad rental properties, others feel it is needlessly confrontational.

Opportunities for Good New Landlords

It’s clear there are a lot of students in Kingston and they are looking for quality rental properties run by professional landlords. 

This is similar to other cities across Ontario

The Ontario Landlords Association recently interviewed the Manager of Housing Services for the University of Toronto.

It’s important reading for current landlords and those interested investing in student rental properties.

Housing Services gives insight on what students want and how landlords can attract good student tenants to their properties.

You can read the article at “Renting to Students in Ontario.”

Becoming a Student Landlord

Are you interested in becoming a student landlord?

It’s becoming clear that students no longer accept poorly maintained rental properties.

They want to rent safe homes run by professional landlords.  This is a great opportunity for those landlords and investors who want to raise the bar.

Whether you are looking at investing in Kingston, are an Ottawa landlord marketing to U of O students, or even in another province where British Columbia landlords have a huge international group of students to rent to, the time is now to invest.

We will discuss this topic more in upcoming blogs.

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