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Updated almost 6 years ago on . Most recent reply

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Bill Plymouth
  • Real Estate Agent
  • Philadelphia, PA
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What do I need to know about dude t rentals?

Bill Plymouth
  • Real Estate Agent
  • Philadelphia, PA
Posted

To all the owners of student/college rentals, what are the major differences between them and regular rentals?  

Should my first property be a student rental?

What should a newbie prepare for when entering the student rental space?

Are the numbers ran differently than the average rental?

What are issues you face with student rentals that you don’t face with regular rentals?

Most Popular Reply

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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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James Wise#4 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Bill Plymouth:

To all the owners of student/college rentals, what are the major differences between them and regular rentals?  

Should my first property be a student rental?

What should a newbie prepare for when entering the student rental space?

Are the numbers ran differently than the average rental?

What are issues you face with student rentals that you don’t face with regular rentals?

 Student rentals are pretty cool. The kids will do damage to the property, that's almost 100% guaranteed. Cool thing is though that you can get their parents to co-sign so collecting additional money to cover said damages is much easier than it is when renting to regular tenants especially if you're in the lower income arena.

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