College student rental pros and cons

[Eryn Garcia]

Hi there Anyone have experience with student rentals I would love to hear pros and cons  

Thank you

[Bradley Buxton]

@Eryn Garcia

Pros are that students generally have consistent income from loans, parents, grants. They also turnover every few years allowing you to fix the damage and raise rents. Renting to students in majors that are study intensive (STEM) can cut down on the damage and engineers like to fix things. You always have a demand for renters. 

Cons are the increased damage.  This can happen with non-students as well. There is also the exit when you sell the property if it's in a heavy student area you are may limit your selling pool to other investors.  

Look at the plan of the university as well. If they are planning on adding hundreds of new student housing units that could decrease rents for a few years.