Guiding consumers since 2009

Make money by offering student accommodation

By Angelique Ruzicka

If you have a spare room that can house a bed and a desk then you could potentially offer a student accommodation and make money out if it too. A number of universities have appealed to residents to offer up some space to students if they are able to, as there is a severe shortage of accommodation at campuses.

How much could you charge?

Universities are also appealing to those that are able to accommodate students to make the rental reasonable, between R3000 – R4000 per month and to waive the deposit to make it more affordable for students.

The University of Cape Town’s (UCTs) deputy vice chancellor for transformation, Professor Loretta Feris, told Cape Talk radio: “There are spaces pegged at a rate that is so high that it becomes unaffordable for our students. That’s why students end up sleeping on the floor. That is what we are trying to alleviate.”

Who’s looking for accommodation?

  • Western Cape: UCT are asking homeowners in the Southern Suburbs of Cape Town to help ease the current shortfall of accommodation. You can click here to fill out a form if you want to put yourself forward to help a UCT student or rent them a room. There are also reports that students of the Cape Peninsula University of Technology’s (CPUT) Wellington campus have resorted to sleeping on the floor of campus store rooms.
  • Tshwane: A shortage of accommodation at the Tshwane University of Technology (TUT) resulted in students sleeping on benches or squatting in packed residences. Last month, this sparked a protest, forcing management to close the main campus in Pretoria West. According to a report, the university was only providing accommodation to 35% of its total student population.
  • KwaZulu Natal: The head of the department for student housing has claimed that the Durban University of Technology (DUT) has sorted out its student housing needs. However, back in February it was highlighted that the National Student Financial Aid Scheme (NSFAS) approved private accommodation for 963 students. If you are able to provide student accommodation for DUT students you could advertise online or in local newspapers it and see if there are any takers.


Recent Articles

Featured These factors will fluctuate your car insurance excess

When you take out car insurance, your monthly premium is a given. However, you may also need to pay an excess amount if you claim from your policy. But which factors may increase your excess, and how can you bring it down?

Is income protection available to everyone?

If you’re involved in an accident and you’re unable to continue working, how will you ensure that your bills are paid? One way to prepare for this is to take out income protection cover. However, can you do this if you’re a freelancer?

Aligning your financial goals in a relationship

When two people enter into a partnership through dating, marriage, co-habiting, etc, usually theres an enormous amount of effort spent on finding commonalities. However, this process often neglects the financial status and long term goals of each member.

How will your personal information be protected by your insurers?

POPI forces industries to reconsider how they handle client’s personal details. This is particularly good news for sensitive products, such as insurance.  We find out what POPI is all about, and we see how your information will be protected.


Bakwena Day Spa Black Friday Vouchers

Price: From R549
When: Until 27 November 2020
Where: Broederstroom, Centurion, Kuils River

One & Only Hotel Complimentary Nights

Price: Available on request
When: Until 17 December 2020
Where: Cape Town

Spur’s Unreal Breakfast Special

Price: R39.90
When: Daily
Where: Nationwide

Latest Guide

Guide to debt rehabilitation solutions