Personal Finance Simulation | Rental Properties/Apartments

This article will cover:

• How to enable Rentals and Housing
• How students apply for Rentals
• How to create Rentals
• How to approve Applicants for Rentals
• How to remove Students from Rentals
• General FAQs

*Before students will be able to purchase Rentals and Homes, you will need to make sure you have this enabled for your course. To enable:

1. Select Courses on the left-hand side
2. Select the Pencil next to the course.
3. Here you can select the box to enable housing
4. Select Save 

*Keep in mind that if you are wanting as well Perks for these items, you'll need to make sure they are enabled. You can find these by going to Class Culture>Perks>Here you'll make sure they have a green X next to them. 

How students apply for Rentals:

1. Select Major Purchases on the left-hand side
2. Select Real Estate Market
3. Select the Rentals tab at the top
4. Here the students can decide and choose which apartment(s) they would like to Apply for. Keep in mind that only one apartment can be assigned per student. Student view below:

To create new Rentals:

1. Select Class Culture on the left-hand side
2. Select Real Estate Market
3. Select Rental Properties at the top. 
4. Here you can select Add New Rental Properties.
5. You'll be able to enter with the name, cost, perks, and deposit.
6. You can also edit any current listing by selecting the Pencil icon.  There's also a Copy and Delete option next to the listing.

How to approve Applicants for Rentals:

1. Select Class Culture on the left-hand side
2. Select Real Estate Market
3. Select Rental Vacancies
4. Here you can view the current applicants on the right
5. Select the gavel next to the listing. 
6. You can view the students and their current credit scores with the dropdown menu. 
7. You'll select which student you would like to approve
8. Select Submit

How to remove Students from Rentals:

1. Select Class Culture on the left-hand side
2. Select Real Estate Market
3. Select the Rental Properties tab at the top
4. Here you'll select the red X next to the rental you would like to remove Renters from
5. You then have the option to delete the rental and the renters -or- just remove the renter. 
6. Select Delete.

FAQs

• My student was accidentally approved for two apartments. How do I remove them from one of the Rentals? You'll follow the steps listed above for How to remove Students from Rentals. They will also receive the deposit back they placed when applying for the Rental you removed them from. 
  
• What happens to the apartment when my students purchase a house? Once students purchase a house, it will remove their Rental. 
• Do students receive their deposit back if they don't get the apartment? Or would the teacher have to do the money transfer manually? The deposit money isn’t withdrawn unless the student is approved. If they are denied, no money is taken so no money needs to be refunded.
• Why aren't my Perks appearing for the Rentals? You'll want to make sure the Rental includes a Perk. You can select the pencil icon next to the Rental to confirm the Perks. You'll also want to make sure Perks are enabled in the Class Culture>Perks> Here they will need a green check next to them.