From the BiggerPockets Blog

 BiggerPockets Blog »

Jump to Forum View All

Click a category below to view different forum categories.


General Info

BiggerPockets Q&A, Site Questions, & Announcements

1524 topics, 14448 posts — Last Post 04/24/14, 12:58AM

BiggerPockets Exclusive PRO Area

118 topics, 844 posts — Last Post 04/23/14, 08:28AM

New Member Introductions

10985 topics, 86554 posts — Last Post 04/23/14, 11:21PM

Real Estate Success Stories

398 topics, 6210 posts — Last Post 04/24/14, 01:08AM

General Real Estate

General Real Estate

Buying & Selling Real Estate

5992 topics, 47215 posts — Last Post 04/23/14, 11:59PM


650 topics, 5861 posts — Last Post 04/23/14, 07:39PM

Get Foreclosure Help - Help Stop Foreclosure Forum

317 topics, 2561 posts — Last Post 04/23/14, 08:28PM

Home Owner Association (HOA) Issues & Problems Forum

238 topics, 1611 posts — Last Post 04/23/14, 04:02AM

Do it Yourself

658 topics, 6316 posts — Last Post 04/23/14, 09:50AM

Reviews & Feedback

Real Estate Deal Analysis and Advice

3709 topics, 29744 posts — Last Post 04/23/14, 10:00PM

Real Estate Guru, Book & Course Reviews and Discussions

1139 topics, 11599 posts — Last Post 04/23/14, 10:59PM

Ask About A Real Estate Company

743 topics, 7344 posts — Last Post 04/22/14, 11:25PM

Real Estate Investing

Real Estate Strategies


5636 topics, 43959 posts — Last Post 04/23/14, 11:14PM

Rehabbing and House Flipping

3352 topics, 31098 posts — Last Post 04/23/14, 10:55PM

Real Estate Development & New Home Construction

554 topics, 4694 posts — Last Post 04/22/14, 09:17PM

Innovative Strategies

705 topics, 6044 posts — Last Post 04/22/14, 04:06PM

Tax Liens, Notes, Paper, & Cash Flows Discussion

867 topics, 6692 posts — Last Post 04/22/14, 08:22PM

Rent to Own a.k.a. Lease Purchase, Lease Options

699 topics, 4937 posts — Last Post 04/23/14, 08:00PM

1031 Exchanges

143 topics, 1062 posts — Last Post 04/22/14, 03:21PM

Foreclosure Investing

General Foreclosure & Pre-Foreclosure Forums

1691 topics, 11313 posts — Last Post 04/22/14, 09:26PM

HUD, VA, and Tax Sales

416 topics, 3103 posts — Last Post 04/23/14, 02:29PM


1217 topics, 10603 posts — Last Post 04/23/14, 08:46PM

Short Sales

1539 topics, 13154 posts — Last Post 04/23/14, 08:25PM

Landlord & Tenant Forums

Landlord & Rental Property Questions

7250 topics, 71175 posts — Last Post 04/24/14, 01:33AM

Mobile Homes & Mobile Home Park Investing

639 topics, 5144 posts — Last Post 04/23/14, 07:57AM

Investor Basics

Starting Out

7733 topics, 60684 posts — Last Post 04/23/14, 11:26PM

Investor Psychology

431 topics, 6107 posts — Last Post 04/20/14, 06:04AM

General Real Estate Investing

4730 topics, 37325 posts — Last Post 04/23/14, 09:36PM

Real Estate Investor Marketing

1738 topics, 14148 posts — Last Post 04/23/14, 08:20PM

Commercial Real Estate

Commercial Real Estate Investing Forum

1413 topics, 9013 posts — Last Post 04/24/14, 12:59AM

Multi-Family and Apartment Investing

1123 topics, 9393 posts — Last Post 04/23/14, 09:28PM

The Business of Real Estate

Real Estate Technology and the Internet

Real Estate Technology, Social Media & Blogging

644 topics, 4911 posts — Last Post 04/23/14, 04:03PM

Business Basics

Goals, Business Plans & Entities

833 topics, 7585 posts — Last Post 04/23/14, 08:58PM

Real Estate Finance & Legal

Financial, Tax, and Legal

Tax, Legal Issues, Contracts, Self-Directed IRA

2802 topics, 20136 posts — Last Post 04/23/14, 06:57PM

Property Insurance

311 topics, 2057 posts — Last Post 04/23/14, 01:20PM

Personal Finance Discussion

330 topics, 2754 posts — Last Post 04/22/14, 12:06PM

Loans, Mortgages, Credit Lines

Private & Conventional Lending Discussion

2852 topics, 19846 posts — Last Post 04/24/14, 12:06AM

Creative Real Estate Financing

1221 topics, 8858 posts — Last Post 04/23/14, 11:48PM

Crowdfunding Real Estate

35 topics, 463 posts — Last Post 04/19/14, 06:24PM

Real Estate Professionals

Real Estate Professionals

Real Estate Agents

1217 topics, 8026 posts — Last Post 04/23/14, 07:59PM

Bankers, Lenders, and Mortgage Brokers

442 topics, 1931 posts — Last Post 04/23/14, 09:04PM


269 topics, 1690 posts — Last Post 04/22/14, 07:33AM

Local Real Estate

Local Real Estate

Local Real Estate Networking & Recommendations

2016 topics, 11756 posts — Last Post 04/23/14, 10:03PM

Americans & International Real Estate

162 topics, 570 posts — Last Post 04/24/14, 12:29AM

Foreigners Buying in the USA

62 topics, 409 posts — Last Post 04/10/14, 06:27AM

Canadian Real Estate

65 topics, 439 posts — Last Post 04/22/14, 09:27AM


Real Estate Marketplace

Real Estate Marketplace

15084 topics, 54134 posts — Last Post 04/23/14, 11:56PM

Real Estate Events and Happenings

168 topics, 2606 posts — Last Post 04/23/14, 10:05PM


Off Topic


2907 topics, 32444 posts — Last Post 04/23/14, 10:18PM

Housing News & Real Estate Market

920 topics, 8391 posts — Last Post 04/23/14, 02:43PM

BiggerPockets Real Estate Investing Summit

97 topics, 1752 posts — Last Post 04/23/14, 04:51AM

BiggerPockets Resources

Forums » Landlord & Rental Property Questions » Is There A Market For Student Housing?

Is There A Market For Student Housing?

15 posts by 11 users


Wholesaler · Altus, Oklahoma

I'm thinking about getting into student housing rentals but I was wondering if there is a market for them? How is it compared to regular rentals.

Real Estate Investor · North Carolina

Student rentals are extremely 'hands-on' and 'management intensive'.

You'll get to deal with both the entitled spoiled brats AND the parents who raised them this way. It can be a real time-waster and energy-drainer.

Prepare an iron-clad lease and get the parents to either sign the lease or sign a notarized Parental Guarantee. Even then, understand that the parents can, and sometimes will, sue you. Imagine your attorney telling you, "You can either settle for $2000 or retain me for $5000."

That said, I've been renting to students for a good while and if I could find another college property that would cash flow I would buy it.

Real Estate Investor · Baroda, Michigan

That is a good question. My daughter is going away to college the year after next and i considered buying a property and renting out per room. (buy it, rehab it, add a bathroom to each bedroom)...We have been considering this for a couple of years and wondering if it would be in our best interest since the school would be 3.5 hours away from here. We thought at least it would cover her housing expenses.

What could the parents sue you for specifically? Have you been sued by parents?

Real Estate Investor · North Carolina

Property owners are increasingly becoming targets of litigation. They, along with their insurance companies, are seen as having deep pockets. My own insurance agent once told me that they will routinely settle most claims under $5000.

Yes, I have been sued by parents. It was over a security deposit, but these days anyone can sue anyone over just about anything: black mold, ice on the walk, a dog bite, 'unsafe' conditions, coffee that's too hot -- the only limitation is imposed by some attorney's imagination.

However, I think your plan of buying a property for your daughter can be a good one, depending on many things, of course. She will learn some valuable people skills, you can pay her a management fee (start a Roth IRA for her) and so on.

If I had any advice it might be to get a qualified attorney to draw up the lease, consult your insurance agent for all needed protection (including an umbrella policy if you don't already have one), screen the roommates, and if she rents to friends she may lose them due to her 'manager' status.

Lastly, what is your exit strategy? You may not be able to sell this property for what you wish. Are you willing to become a long-term long-distance landlord in that case?

In any event best of luck, and keep us posted.

Real Estate Investor · Baroda, Michigan

My exit strategy was to light a match when she graduates.

but seriously...

The plan is to buy it cheap enough & rehab and then the next child will be attending same college by force & reaping same benes as child 1. When the second one is done, then sell and that is a good long time away. kid 1 will be there about 2 years, kid 2 will be graduating HS when kid 1 graduates college. . .... I have some time ...weighing the options...teaching the girls how to fix plumbing....patch holes and install carpet....some martial arts to keep boys OFF of the property....i think 5-7 years of ownership will be good & then sell?

What do you think?

Real Estate Investor · College Station, Texas

I live in a college town that has a huge student population so if you get into the rental market here, you have to deal with students. Honestly, I prefer to deal with my students than my non-students. It is a little more hands-on like Nc Mark said, and I would agree with most of what he said.

As far as an exit strategy goes, properties seem to change hands frequently in a college town, because a lot of parents are doing the same thing as you are. They will sell when their last child leaves. This is perfectly fine, but if you do have problems selling, than you can always rent it out and have a property management company take it over. This can be a great option if there is another dip in the market when it comes time to sell it. If it is a good property though, you shouldn't have any problems selling it or renting it out.

One more thing to consider about insurance, you can usually add a liablity policy to the fire policy for very reasonable cost. This will give you a little more protection against lawsuits.

Hope this helps.

Mr. Investor,

I recently started investing in student housing. Student housing provides great cashflow and steady income, because the parents co-sign on the lease

If you are interested in student housing check out [REMOVED]

This guy only does student housing and I have learned a lot from him.


Real Estate Investor · North Carolina

John Sally:

I just checked out that website.

As soon as I read this disclaimer --

>>Results described are not typical.<<

-- I bailed.

SFR Investor · Wheat Ridge, Colorado

The web site requires a name and e-mail to get information.

Jon Holdman, Flying Phoenix LLC

Property Manager · Portsmouth, New Hampshire

No freshmen, ironclad lease, co-signers and very good background checking. I expect the college population to jump for the next few years - there's going to be buckets of government money for higher ed.

Real Estate Investor · North Carolina

Ya, ya... but when the echo-boomers taper off in ten years or so -- who then will you rent to in your college town?

This post has been hidden.

I've been looking at buying MF apartment complexes near campus here in Houston and it seems that either the Seller is not really wanting to sell (just testing the waters, seeing what the market is throwing out) or the Seller's expectation of price is too high (low low CAP).

I know I should look at other city markets for student housing, but I haven't found too many listings (Brokers) who are in the student housing MF market. Other than mailing letters to the owners directly, it seems that there's not a huge market of listings for student housing MF opportunities.

Ideas/criticisms/suggestions/advice/pity/sarcastic remarks anyone?

Real Estate Investor · Woodbridge, Virginia

Student housing is probably a good long term play. I think the comments here cover most of the major concerns. There have been some good articles about his very subject. Search money magazine, I they had a real good article on this about a year ago. Sorry I don't have the issue.

Multi-family Investor · Bellefonte, Pennsylvania

I live in a college town and it's booming, however undergrad students are brutal on apartments. You can pretty much plan on doing repairs after every turnover. You can usually get a bit more for your apartment though because they are usually rented by the bedroom per semester. So you rent one bedroom to a student for the entire semester, IE one check at move-in along with sec deposit.

I'm getting more concerned about these markets though because I have heard from multiple sources that the next bubble to break is the higher education bubble. I don't own properties in the college town but the next closest town and 70% of my tenants are grad students. I like grad students because they are usually more clean and mature, and if you get them the semester they start you can usually keep them for 3 years or so.


Sign up