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Scott Lorence's profile image
Scott Lorence's profile image
Scott Lorence
  • Member since Jun 5, 2020

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Scott Lorence's profile image
Scott Lorence's profile image
Scott Lorence
  • Member since Jun 5, 2020
Scott Lorence
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6
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Multi-Family and Apartment Investing

Multi family \ Renting to college kids

Scott Lorence
Posted

Can anyone provide any thoughts, good or bad with respect to renting to college kids?

I have an opportunity to purchase a duplex property walking distance to a SUNY University. I'm 3+ hours away and would hire a management company to take care of the property. Thank you in advance. 

  • Scott Lorence
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    Drew Sygit's profile image
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    Drew Sygit
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    • from Royal Oak, MI
    • Member since Jun 17, 2012

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    Drew Sygit's profile image
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    Drew Sygit
    • #2 All Forums Contributor
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    • from Royal Oak, MI
    • Member since Jun 17, 2012
    Drew Sygit
    • Property Manager
    • Royal Oak, MI
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    Drew Sygit
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    • Royal Oak, MI
    Replied

    @Scott Lorence make sure you find a PMC that has experience dealing with college rentals. 

    You'll want a PMC that will check on the property monthly or even weekly, to keep the college students obeying the rules.

    This management may cost a bit more, but is well worth it!

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