College Town Real Estate

 Coming from personal and family experience, college towns are a hot spot in regards to real estate. I have heard negative things that college students do not take care of the property or that they cause more wear and tear on an apartment/house.

Positives:

Renters on sports teams often times "pass down" houses to younger generations on the teams which lets you have a constant influx of renters from which you know what to expect. (I was a college swimmer and I lived in a house that was passed down for 20 years)

When renting in general to those who have no passed down a house, the general rule that I had followed was giving females first priority. From my experience, males tend to have a lot more wear and tear since they treat your property as if they are renting. Females treat the property as if it is their own which minimizes damages. College students tend to go home for breaks so renovating during these is easy whether you are redoing the roof or installing a concrete driveway sealer.

Negatives:

College students many times can alienate neighbors who are not students and can lead to noise complaints on your property. Wear and tear is much more of a problem. Rent on time can be a problem, but instituting a online bill payment or a fine for late payment can take care of this totally.

Overall, you get a lot more money for rent because of the constant demand for housing. I think college town real estate is a great investment even with the negative aspects.