Grow Your Business News Property Manager Tips Trends

International Students: How to offer them a home away from home4 min read

5 October 2022 3 min read
Avatar photo

author:

International Students: How to offer them a home away from home4 min read

Reading Time: 3 minutes

Every year, millions of students will travel outside their home country to pursue their studies abroad. According to the European Commission, over 1.3 million students decided to study in the European Union in 2018. These numbers have increased as a result of the end of the COVID-19 pandemic, with an American survey showing that 72% of students surveyed expressed interest in studying abroad in 2022. So, what does this influx of international students mean for property management? Let us deep dive into the main topics property managers should consider when welcoming new students from abroad.

Understanding WHO These Students are & WHY They Are Abroad

Photo from Unsplash

Why might someone decide to study abroad? This is a question that every property manager must ask themselves before they decide to market their properties to international students. Understanding who these students are is key into knowing how to market properties to these potential tenants. Every student’s reasoning for studying abroad may differ, but here are the three most common: 

  1. Wanting to immerse themselves into a new culture
  2. Seeking top-tier education opportunities
  3. Traveling and seeing new parts of the world

Being familiar with a student’s reason to leave their home country and venture abroad is key to understanding what type of tenant they are. If a student has plans on spending most of their weekends away from their apartment and traveling, this tenant may have different needs than another international student who plans to spend more time in the area immersing themselves in the local culture. Understanding these nuances between different international tenants can help property managers better pinpoint how to address their needs. 

International Students Have More $$$ to Spend

If someone is choosing to pursue their studies in a foreign country, they have the means necessary to do so. Whether that funding comes from having a higher disposable income or through scholarships, international students have, on average, more money to spend than the average tenant. 

Property managers can leverage this by offering more premium units to international students. This is something that property managers can certainly thrive off of, since international students may be more willing to pay a premium to live in a place that makes them feel most comfortable. These students are also less likely to switch apartments as frequently as domestic students, which translates into a more consistent and reliable tenant to property management. 

Different Cultures = Different Needs

Photo from Unsplash

A major factor to consider when renting units to international students is that these tenants are from different cultures and have different needs. For example, if a property manager is renting several units to students from a country where it is less common to keep their spaces clean, it may be a good idea to offer a cleaning service included in the price of rent. If it is common in a student’s home country to cook a certain way, property managers must make sure that they have a good sized kitchen with up-to-date appliances. 

In every situation, the more research the property manager can do on the cultures their student tenants are from the better, as they can capitalize on those specific needs and therefore increase their profits through offering services catered specifically to their international student tenants. 

Universities are where the money is 

While targeting units towards international students can be a game changer for property managers, it can be difficult to reach these international tenants without having connections to their universities. A way that property managers can better advertise their units to international students as well as gain more student tenants overall is by partnering with local universities. 

It may sometimes be difficult to propose these partnerships because of laws surrounding publicly funded universities, but property managers can partner with private universities. Through a partnership like this, the university will recommend units owned by the property manager to their students who are coming to study there from abroad. This takes stress off of the students by giving them a recommendation on where to stay for the best price, and it helps property managers gain more international student tenants, which overall translates into more revenue. 

44 Comments
  1. I don't think the title of your article matches the content lol. Just kidding, mainly because I had some doubts after reading the article. https://accounts.binance.com/uk-UA/register-person?ref=53551167

  • código da binance

    Your article helped me a lot, is there any more related content? Thanks! https://www.binance.com/pt-BR/register?ref=T7KCZASX

  • SightCare

    SightCare is a powerful formula that supports healthy eyes the natural way. It is specifically designed for both men and women who are suffering from poor eyesight.

  • GlucoTrust

    GlucoTrust 75% off for sale. GlucoTrust is a dietary supplement that has been designed to support healthy blood sugar levels and promote weight loss in a natural way.

  • PuraVive

    PuraVive is a natural supplement that supports weight loss naturally. The supplement is created using the secrets of weight loss straight from Hollywood.

  • EndoPeak

    EndoPeak is a natural energy-boosting formula designed to improve men's stamina, energy levels, and overall health.

  • Sight Care

    SightCare works by targeting the newly discovered root cause of vision impairment. According to research studies carried out by great universities and research centers, this root cause is a decrease in the antioxidant levels in the body.

  • Claritox

    Introducing Claritox Pro, a natural supplement designed to help you maintain your balance and prevent dizziness.

  • Actiflow

    Actiflow is an industry-leading prostate health supplement that maintains men's health.

  • Aizen Power

    Aizen Power is a dietary supplement for male enhancement sexual health that is designed to help enhance men's performance and improve overall health.

  • Amiclear

    Amiclear is a blood sugar support formula that’s perfect for men and women in their 30s, 40s, 50s, and even 70s.

  • Erec Prime

    ErecPrime is a natural male enhancement support that helps with boosting your stamina and virility in addition to enhancing pleasure.

  • Cortexi

    Cortexi is a natural hearing support aid that has been used by thousands of people around the globe.

  • Dentitox

    Dentitox Pro™ Is An All Natural Formula That Consists Unique Combination Of Vitamins And Plant Extracts To Support The Health Of Gums

  • FitSpresso

    FitSpresso is a special supplement that makes it easier for you to lose weight. It has natural ingredients that help your body burn fat better.

  • GlucoTru

    GlucoTru is a groundbreaking product that proudly stands as the world's pioneer in offering a 100% natural solution for managing Type 2 diabetes.

  • EyeFortin

    Eye Fortin is a strong vision-supporting formula that supports healthy eyes and strong eyesight.

  • Fast Lean Pro

    Fast Lean Pro is a herbal supplement that tricks your brain into imagining that you're fasting and helps you maintain a healthy weight no matter when or what you eat.

  • Metanail Serum

    Healthy Nails

  • Nervogen

    Nervogen Pro™ Scientifically Proven Ingredients That Can End Your Nerve Pain in Short Time.

  • Neurodrine

    Introducing Neurodrine - the revolutionary solution to maintaining a steel trap memory!

  • Neuropure

    NeuroPure is a breakthrough dietary formula designed to alleviate neuropathy, a condition that affects a significant number of individuals with diabetes.

  • Neurorise

    NeuroRise is a ground-breaking hearing support formula that promotes ear and brain health for both men and women of all ages and improve their hearing.

  • Prostadine

    Prostadine works really well because it's made from natural things. The people who made it spent a lot of time choosing these natural things to help your mind work better without any bad effects.

  • ProtoFlow

    Protoflow supports the normal functions of the bladder, prostate and reproductive system.

  • ProvaSlim

    ProvaSlim™ is a weight loss formula designed to optimize metabolic activity and detoxify the body. It specifically targets metabolic dysfunction

  • Serolean

    SeroLean is a nutritional supplement developed by Dr. Robert Posner to help anyone easily lose weight.

  • VidaCalm

    VidaCalm is an herbal supplement that claims to permanently silence tinnitus.

  • Alpha Tonic

    Alpha Tonic daily testosterone booster for energy and performance. Convenient powder form ensures easy blending into drinks for optimal absorption.

  • Neurozoom

    Neurozoom is one of the best supplements out on the market for supporting your brain health and, more specifically, memory functions.

  • TerraCalm

    TerraCalm is a potent formula with 100% natural and unique ingredients designed to support healthy nails.

  • SonoVive

    SonoVive™ is a 100% natural hearing supplement by Sam Olsen made with powerful ingredients that help heal tinnitus problems and restore your hearing.

  • SonoFit

    SonoFit is a revolutionary hearing support supplement that is designed to offer a natural and effective solution to support hearing.

  • Synogut

    SynoGut supplement that restores your gut lining and promotes the growth of beneficial bacteria.

  • TonicGreens

    TonicGreens flushes away the harmful elements from your body, leaving you feeling refreshed and revitalized.

  • Pineal XT

    Pineal XT™ is a dietary supplement crafted from entirely organic ingredients, ensuring a natural formulation.

  • TropiSlim

    Tropislim, is an all-natural dietary supplement. It promotes healthy weight loss through a proprietary blend of tropical plants and nutrients.

  • BioFit

    BioFit is a natural supplement that balances good gut bacteria, essential for weight loss and overall health.

  • GlucoBerry

    GlucoBerry is a unique supplement that offers an easy and effective way to support balanced blood sugar levels.

  • BioDynamix

    Joint Genesis is a supplement from BioDynamix that helps consumers to improve their joint health to reduce pain.

  • BioVanish

    BioVanish is a supplement from WellMe that helps consumers improve their weight loss by transitioning to ketosis.

  • Menorescue

    MenoRescue™ is a women’s health dietary supplement formulated to assist them in overcoming menopausal symptoms.

  • SharpEar

    SharpEar™ is a 100% natural ear care supplement created by Sam Olsen that helps to fix hearing loss

  • Cortexi

    ortexi is a 360° hearing support designed for men and women who have experienced hearing loss at some point in their lives.

  • Leave a comment

    Your email address will not be published. Required fields are marked *