We are currently trying to 'get out' of owning 'student accommodation.

For one, Students are notoriously late paying their rent.

No rental income between Dec – Jan.

Must pay fees to lodge a 'new' student each year.

Body Corporate fees are not as disclosed in original contract, keep going up.

No communication from Realty Firm that did the initial set up.

Rental Guarantee was forever late in being paid.

Very difficult to offload student accommodation if your situation changes, as very few people want to invest in property that is so limited "students only".

If this is not convincing enough, and you are still interested, contact me if you would like a student unit going for $130.000 in Hawthorn, Victoria.