Addressing your common concerns and questions.
Current landlords have access to our Housing and Residences office, which can act as a resource if questions or problems arise, and to provide tips on renting your accommodations.
Spend time creating your listing description and upload pictures; students want to know as many details about their potential new home as possible. If your accommodations are close to major businesses, shopping, bus-routes, or other amenities those details can make your place look more appealing.
Also, some listings might be more appropriate for graduate students or families – family friendly neighbourhoods, which are close to schools – make sure you include those details in your description.
Low call volume
The first thing that you need to consider is how available you are making yourself to prospective tenants. Do you have voicemail, email, or an alternate phone number where you can be reached? Secondly, you need to consider the demand for housing. Is there an over-abundance of student housing in your area? If so, you may want to consider adjusting your rent, and take care in ensuring that your accommodations are well-maintained and attractive to students.
Consider posting pictures of your accommodation on your advertisement. This is often helpful to students who aren’t able to view your accommodations themselves.
You can add multiple pictures to your ad before you submit it to Housing and Residences, or, if you have already submitted your ad, you can use the URL keycode sent to you via email to access your advertisement and submit pictures.
University of Waterloo co-op terms
The University of Waterloo operates on co-op terms starting at the beginning of January, May, and September of each year. Students in co-op find placements all across Canada and the United States and always need somewhere to live.
If you are an out of town landlord, a good time to advertise to catch these students is about two months before the start of each term, and if you’re a landlord in Kitchener-Waterloo you might want to consider split leases.
Since co-op students alternate between four months of school and four months of work, many students are looking for housing for only four months at a time. Instead of requiring a 12-month lease, please consider having students sign a split lease for two separate 4-month terms.
For example, the majority of students who are on co-op in winter 2015 will be in Waterloo for fall 2014 and spring 2015. Instead of having students sign a 12-month lease or an 8-month lease from September to April, have them sign an 8-month split lease for fall and spring.
This is advantageous for landlords because there are generally less students studying on campus in the summer, so securing your rooms in advance means that you will not have to advertise again for the spring term. Also, it is much easier to find students for the winter term than it is for the spring. When students inquire about your property, ask if they are co-op students and if so, when their next co-op term will occur.
Proximity to large companies
If your accommodations are situated close to major companies that are known to employ uWaterloo co-op students, you can include this information on your ad.
You can let students know what companies are nearby, and the walking/bus distance to these companies. This information can be very valuable to co-op students not familiar with your city.