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!