Student rentals offer exceptional returns
Letting property to international students in Rotterdam generates very good returns, potentially even higher than letting to expats. Demand exceeds supply, pushing up rents per room significantly. What else makes student rentals attractive? And what are the advantages and disadvantages compared with letting to expats?
Letting your Rotterdam property to international students
The university is growing, and as letting agents we certainly notice. As you probably know, our office is in Kralingen, close to the university and on the edge of the city centre, so we see the impact first-hand. During the student rental season, students walk into our office every day asking whether we can help them find a rental home in Rotterdam. Most are international students, often responsible people with solid budgets of between € 500 and €700 per room. With demand currently exceeding supply, landlords in Rotterdam may find it attractive to consider student tenants too.
And what about how the property is occupied?
It is our job to select the right candidates for your property through thorough screening. As a result, apart from normal wear and tear, we have not experienced exceptionally intensive occupation or nuisance. House rules are drawn up and, through our property management service we keep a close eye on things.
Letting to expats or students?
International students tend to prefer furnished accommodation less strongly than expats do. Yet student rentals can actually generate more rental income, improving your returns. It is important, however, that you invest in apartments or houses with several large bedrooms. For an expat, a second smaller bedroom is often enough. For students, it is better to create several larger bedrooms with room for a double bed and wardrobe. The quality and location of the property matter more when letting to expats. Students are willing to be a little more flexible on location. All these factors affect the rent per room or apartment.