The differences between public student housing and private student housing are many even though the core purpose of each is fulfilled: Housing for students.
City-owned housing for students is considered public student housing although the facilities are not restricted to student use in their entirety. Non-academic families also may live in public student housing complexes, although while satisfying the needs of the occupants, do so minimally. The same amenities that private student housing occupants can enjoy are not often available to their public counterparts.
Low-income or senior citizen housing communities are prime examples of facilities that can be used as public student housing.
The two main areas in which public and private student housing facilities differentiate are the following:
In most cases, a private property management company or an individual landlord are behind private student housing. receive federal and state income tax benefits on interest and property taxes paid by owners, while public student housing is paid for by taxes collected from private citizens. Additionally, public student housing tends to have occupants that are not students. Public housing projects are an example of this.
Private owners and managers often have more control over maintenance systems which include budget control and the ability to respond immediately to maintenance issues. This provides a lot of value for student housing occupants that their public counterpart do not have. Public entities, all too often are controlled by authorities with strict budgetary guidelines that do not allow for the necessary response required in multi-family housing environments.
The property owner of a student housing facility has a financial stake in the unit. Preventative maintenance does not just benefit the occupants but serves as a way to safeguard the asset's financial value. It becomes a win-win situation where both landlord and occupant benefits. Renters in such facilities can ensure the best possible living conditions in this way.
Good, reliable housing in a safe neighborhood is not cheap. In fact, housing is one of the more expensive building types to construct from a required materials standpoint and a legal one as well. Depending on the size of the unit expenses can be paramount. Corridors, elevators, and large heating and electrical systems are just some of the types of construction expenses that can exist. Town and city building permits and other laws must be followed or consequences can occur in the form of expensive fines. The landlord must be in full compliance when managing his or her student housing facility.
Rochester Smart Student Housing is recommended among RIT students in Rochester NY. RSSH believes every college student deserves safe and reliable housing at an affordable cost.