Furnished Student Rentals

[Mariana Pasin]

Hello BP community,

On the idea of furnished rentals for students, which of these markets would work best: Houston, Austin or somewhere else? (Thought of Texas because long term rentals there are good as backup plan). Also, for this kind of rental, condos or SFH?

Looking to do individual leases per bedroom and include basic furniture and home itens.

Any suggestion on regulations or things to look out for will be appreciated! 

Thank you all! 

[Will Gaston]

@Mariana Pasin I would highly recommend first connecting with some local PMs and/or some local landlords in the college market you're wanting to pursue.

I've been investing in student rentals for 13 years in my market of Columbia, SC but have talked to lots of landlords in other college towns. The one thing that I've found is that most markets are unique in the expectations the students have. For example, it's very rare in my market for individual landlords to provide properties furnished or include utilities but it is in many others. Finding out what others are doing first will go a long way.

Also, I'd recommend this thread. Lots of great input from a lot of student rental investors on here.

https://www.biggerpockets.com/forums/52/topics/491641-nearing-1-000-college-student-tenants-heres-what-ive-learned