Student housing in Lincoln, NE - where do I start

[Troy F.]

Hello inspiring real-estate community,

I am considering purchasing an older home (1907) near the University of Nebraska - Lincoln campus.  The plan would be to rent by the room in a three bedroom home.  Target market are students.  Has anyone been successful in a venture such as this?  1 bedroom apts rent for $400-$600 per month.  How do I gauge what rents would be for by the room in this area?

Thanks,

Troy

[Brian Dennis]

We are doing some student rentals here in Georgia and I've found more students looking for private 1 bedroom 1 bath rentals. What I've done is look for 2,000 sq ft 3/2 homes that I can split into a 2 units with separate entrances. So the original 3/2 is still available but I now have a studio apartment to also rent to student. Each student has to sign a separate individual lease and is not responsible for their tenants rent. Each student pays a separate security deposit also.