Student Housing Information Session The Experience - PowerPoint PPT Presentation

1 / 21
About This Presentation
Title:

Student Housing Information Session The Experience

Description:

Off Campus Housing is housing for students that is not a University Residence building ... Brant County Landlords Association. Brantford Town & Gown Committee ... – PowerPoint PPT presentation

Number of Views:25
Avg rating:3.0/5.0
Slides: 22
Provided by: craigc8
Category:

less

Transcript and Presenter's Notes

Title: Student Housing Information Session The Experience


1
Student Housing Information Session The
Experience
  • Designed for Laurier Brantford Landlords
  • January, 2009

Presented by Bailey Gross
2
Student rental market
Advantages of www.places4students.com
The Ideal Rental Unit
Millennial Students
Questions and comments
3
The Experience
  • WLU residence buildings
  • Off Campus Housing is housing for students that
    is not a University Residence building
  • The term student housing only applies to rental
    housing marketed to or designed specifically for
    students there is no legal definition under any
    level of government.

4
Average number of university students
  • 2,100 Students for 2008/2009
  • 800 joint students

Most Mohawk students do not utilize Brantford Off
campus housing
  • 1,200 students

5
Average number of off campus students
  • 2,100 total Students
  • minus 450 residence Students
  • 1,650

minus 800 commuting students around 850 off
campus students
6
Average number of off campus students
  • We expect strong enrolment numbers for September
    2009.
  • We are expecting about 2300 students. We
    normally expect about 40 of our students to
    require off campus rental housing, so that
    would mean about 920 beds required in the
    community. 

7
Where are we going?
  • WLU intends to grow to 2500 students by 2011
  • Rental housing demand projected to increase with
    this new demand.
  • Nipissing and Mohawk each have distinct plans,
    both of which include growth

8
Limiting growth factors
  • Funding for growth only 1 instance of
    provincial funding to Brantford since recent PSE
    boom 1999-present
  • Buildings/property

9
Off campus activity
  • WLU receives an average of 3 inquires/week re
    OCH investment
  • Parents Relatives engaging in process
  • Anecdotal evidence suggests 10 of student
    housing is parent-owned
  • places4students.com posting s

10
Searching
  • www.places4students.com

11
Searching
  • The student housing cycle in terms of activity is
    highest January through March, and at its lowest
    September and October.
  • Students generally require housing September
    through April

12
The Ideal Unit
  • 3-5 bedroom detached property
  • Single room
  • 350-400/month all inclusive
  • Under 15 min walk to campus
  • 75 female population

If you would not live in the accommodations
yourself, it should not be rented to students
13
Key Physical Characteristics
  • 3-5 bedrooms
  • Close to campus
  • Transportation
  • Physical and Fire Safety
  • Single/Double Rooms
  • Windows
  • Square Footage

14
Key Leasing Characteristics
  • Length of Lease
  • Open, 4, 8, 12 months
  • Price Point
  • 250-600
  • Location
  • Amenities

15
Amenities
  • Utilities
  • Services
  • Cable, Phone, Internet
  • Physical Upkeep
  • Parking
  • Laundry
  • Furnishings
  • New Paint
  • Odor

16
Safety
  • Considerations
  • 1 solid core deadbolts
  • Screens
  • Windows
  • Trimmed bushes and trees
  • Lighting
  • Timers

17
Fire Safety
  • Any concerns or questions please call BFD
  • Working Smoke Detector on each level
  • New batteries with each new tenant
  • Fire Extinguisher
  • Fire Exits/Doors

18
Renting to Millennial students
  • New Residential Tenancies Act effective for over
    2 years, January 31st, 2007
  • http//www.ontariotenants.ca/law/act.phtml
  • Last months rent deposit interest equal to
    Ontario CPI
  • Last months rent is the only allowable deposit
  • Post dated cheques are negotiable, but not
    mandatory

19
Renting to Millennial students
  • 24 hour notice to enter rental units
  • Units shared with landlord or child of landlord
    not covered under RTA
  • Keep Rental Journal, maintenance log

20
Millennial Characteristics
  • demand a secure, regulated environment
  • comfortable w/ technology (email, cell, web) -
    82 online daily
  • respectful of norms and institutions
  • comfortable with diversity
  • disrespectful of authority, but look to adults
    for guidance
  • find it hard to work without peers
  • goal oriented
  • stressed

21
Millennial Parents
  • Helicopter Parents
  • immediate results
  • Do not like to disengage from each other
  • emotional connection
  • co-purchasers
  • offer to help manage, like to negotiate
  • complex families

22
Strategies for Millennial
  • Regular, friendly, communication
  • Monthly meeting - rent pickup
  • Clear and reasonable with expectations and
    promises outside the RTA - put your commitments
    in writing and KEEP THEM!
  • SAFE, secure, clean, units
  • How you provide it is a good indicator of how you
    expect it returned to you
  • Would you want someone you care about living
    there with you as a landlord?

23
Strategies for Millennial
  • Keep leases simple, and LEGAL
  • Thorough and lengthy are okay
  • In conversational English
  • Promises in writing, and follow through (or
    explain and discuss solution)
  • Accept that parents want to be involved, and work
    with them
  • - they can be an asset

24
Insurance
  • Peter Neziol, The Neziol Group
  • Pjneziol_at_neziol.com
  • 877-828-9941

25
Organizations
  • Brant County Landlords Association
  • Brantford Town Gown Committee
  • Town Gown Association of Ontario
  • Ontario Association of College University
    Housing Officers

26
Useful Links
  • Municipal Affairs and Housing
  • www.mah.gov.on.ca
  • Town Gown Association of Ontario
  • www.tgao.ca
  • Brant County Landlords Association
  • kathyr_at_execulink.com

27
Useful Links
  • OACUHO
  • www.oacuho.on.ca
  • Office of the Ontario Fire Marshall
  • www.ofm.gov.on.ca
  • Off Campus Housing Website
  • www.brantford.mylaurier.ca/offcampus
  • City of Brantford Fire Department
  • 519-752-0540

28
The Experience
29
Big Thanks To
  • Mark Taylor
  • and
  • David Prang

30
Questions
Write a Comment
User Comments (0)
About PowerShow.com