Important Salve Policy change

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Per the Salve Regina University website, there has been a change to their on campus residency requirement. The policy states:

" Students accepted for the 2024-2025 academic year or later: The University has implemented a three-year housing requirement. First-year, sophomore and junior students who are not commuting from their permanent residence are required to live on campus."

This policy potentially cuts the pool of off campus rental prospects in half. Typically, the majority of students looking for off campus rentals are sophomores who want to lock down a house for junior year. With this change in policy, they must now wait another year to begin their search. Off campus tenants will be limited to groups of seniors only. This not only decreases the number of prospects overall, but is a loss of potential renewals by students. Your property will now have to turn over to a new set of tenants EVERY school year. 

Obviously, you want to keep your property rented. You likely count on the Salve income year over year. If you continue to rent to students, it will become very important that your pricing  be competitive and that your property is well maintained. You will want to attract desirable tenants who will take care of your property. 

You may also consider transitioning your property to a different rental term (yearly, War College, seasonal but not limited to students).  If this is something you are thinking about, we would love to discuss what might be the best use for your particular property. 

Depending on the overall impact you feel this might have on your property, you may also consider selling. We would love the opportunity to discuss this as well. We would be happy to  prepare a market analysis of your property so that you can crunch numbers and decide which route is best for you. 

Now, more than ever, it will be important to work with the right agent to get your property rented. We pride ourselves in the fact that we have gotten your property rented year over year, with great tenants. We want to continue to get it done for you.

We are hoping you will give us the EXCLUSIVE opportunity to get your property rented for 2026-2027.

You need an agent who will get your property in front of the MAXIMUM number of students as soon as possible. Why wouldn't you choose the agents who have rented your property multiple years in a row? We help hundreds of Salve students every year. Most of them use us multiple years, and refer their friends to us. We have a huge Salve social media following; which means we have a direct connection to your ideal prospects. Plus, you know we hustle and get it done. We show your property until it's rented, and once we find a group we work hard to lock it down with a lease and deposit as quickly as possible. 

Much of what we can offer you is similar to that of any other agent. But we can also offer you RESULTS. You know we will get your property rented, because we have. 

Additionally we offer 

• Professional photos
•  A video walk through
• We will list on MLS and cooperate with other agents (if we don't get it done first)
• We will feature your property in our newsletter
• Tons of social media exposure
• A quick and seamless rental process once tenants are found

We know this policy will have an impact on you. We want to do what we can to help you maintain your rental income and alleviate some of the stress this may cause you. 

If you have any questions, or want to discuss this more in depth, we would love to speak to you. Email or text Amy at realestatenewportri2@gmail.com or 401-829-2278 to set a time to talk.