Renting out to Fraternity/Sorority

[Rick Albert]

Hello All!

What has been your experience with Greek housing? Basically you have a master lease to the local Chapter and they fill in the rooms as needed.

Some considerations:

1. Insurance: I was active in my fraternity and I know how the parties go.

2. Rental Amount: Charge "normal" market rates, higher?

3. Master Lease: Just the organization? Alumni? 

4. Evictions: How would it work?

I'm thinking it would be structured like corporate housing but would love your thoughts.

Thanks!

[Chris Seveney]

Quote from @Rick Albert:

Hello All!

What has been your experience with Greek housing? Basically you have a master lease to the local Chapter and they fill in the rooms as needed.

Some considerations:

1. Insurance: I was active in my fraternity and I know how the parties go.

2. Rental Amount: Charge "normal" market rates, higher?

3. Master Lease: Just the organization? Alumni? 

4. Evictions: How would it work?

I'm thinking it would be structured like corporate housing but would love your thoughts.

Thanks!

 There is no amount of money on the planet that would have me renting to a fraternity or sorority.