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 The newbies quick guide to tax season

Starting in September, the South African Revenue Service (SARS) kicks off tax season. But not everyone has experience in doing this. Every year, new employees and contractors enter the job market. So, what do these tax newbies need to know?

What’s the deal with underwriting?

When you apply for a long-term insurance policy, a financial adviser will ask some personal questions about your lifestyle, family history, health, and even ask you to take some medical tests. This process is called underwriting, but is it really necessary?

 

How are you taxed on your retrenchment package?

Unemployment is one of the biggest problems in South Africa. The emergence of the Covid-19 pandemic has exacerbated the situation with a lot of companies retrenching their employees.  When retrenched, you’ll receive a retrenchment package, but do you know how much tax you’re liable for?

Car repossessed – don’t be taken for a ride

When the country is facing an economic downturn, chances are your finances will feel the pinch. This can lead you to make bad financial decisions such as skipping your vehicle payments. But every decision has consequences and if you don’t pay your instalment, the bank will repossess your car. But what can you do when this happens?

 

Deals

50% discount on kids’ clothes at Keedo

Price: Available on request
When: Daily
Where: Nationwide

KFC Crunch Sliders for R29.90

Price: R29.90
When: Daily
Where: Nationwide

Bakwena Spa Women’s Day Special

Price: From R699
When: 8-10 August 2020
Where: Western Cape and Gauteng


Latest Guide

Guide to debt rehabilitation solutions