Rent-to-Renting to Students

Member since 2026 · 10 posts · 2 votes

Is it a good idea to rent to students at a Rent-to-Rent lease? For example from the start of the school year to the end of the school year for the students.

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Drew SygitBusiness Member

Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes

1mo

Some landlords require students to still sign a 12-month lease.

Another option is to try to rent it during those 3 months to students taking summer classes or interning.

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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
1mo
What will you do about the 3 months of vacancy between school years?
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- Halsted Li
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  Member since 2026 · 10 posts · 2 votes
  1mo
  Quote from @Drew Sygit:
  
  What will you do about the 3 months of vacancy between school years?
  
  ohhhh good point. I am actually unsure about those 3 months. Do you have any suggestions for me?
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- Drew SygitBusiness Member
  Property Manager · Royal Oak, MI · Member since 2012 · 12k+ posts · 9k+ votes
  1mo
  Some landlords require students to still sign a 12-month lease.
  Another option is to try to rent it during those 3 months to students taking summer classes or interning.
  [email protected]248-209-6824
  Logical Property Management4.9459 Reviews
  Website View Page
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- Halsted Li
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  Member since 2026 · 10 posts · 2 votes
  1mo
  Quote from @Drew Sygit:
  
  Some landlords require students to still sign a 12-month lease.
  Another option is to try to rent it during those 3 months to students taking summer classes or interning.
  
  ok thank you
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Richard F.
Honolulu, HI · Member since 2008 · 3k+ posts · 2k+ votes
1mo
The Good students with golden parents paying their way will stay for 2-3-4 years to complete schooling. They can actually be quite good LTR prospects for two bedroom and smaller units. Short term is usually vacation time, medium term is usually professionals on temporary assignment or family helping local family. Students largely are in dorms for serious partying, but if they are working and/or have family locally can be pretty solid, but must be kept on a short leash.
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- Halsted Li
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  Member since 2026 · 10 posts · 2 votes
  1mo
  Quote from @Richard F.:
  
  The Good students with golden parents paying their way will stay for 2-3-4 years to complete schooling. They can actually be quite good LTR prospects for two bedroom and smaller units. Short term is usually vacation time, medium term is usually professionals on temporary assignment or family helping local family. Students largely are in dorms for serious partying, but if they are working and/or have family locally can be pretty solid, but must be kept on a short leash.
  
  wow good point
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Stacy RaskinBusiness Member
Lender · Member since 2022 · 1k+ posts · 508 votes
1mo
This can work depending on how close you are to a university or how much it is a university town. Some landlords require 12 month leases and allow tenants to sublet during the summers. It depends on your market if that's a good idea and how much demand there is. You can also talk with the tenants and say that you would like to approve any sublease applications.
Having established house rules can be important about items like noise and quiet hours as some students can throw a lot of parties and if expectations aren't set up in the beginning that can be a problem with other tenants in other units in the building.
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Mike PaolucciBusiness Member
Realtor · Columbus Cleveland Dayton, OH · Member since 2022 · 499 posts · 553 votes
1mo
Quote from @Halsted Li:
Is it a good idea to rent to students at a Rent-to-Rent lease? For example from the start of the school year to the end of the school year for the students.
These type of leases are pretty typical for College students since most students don't know who they're going to live with after the school year is over. They will often want to change their roommate situation a lot so pretty typical for this kind of lease.
I'd also recommend leasing out the unit in advance - meaning pre-lease the units for the next school year. That way you at least have some kids committed to the property. Pretty common thing to do at University like Ohio State University.
Just make sure you give yourself enough time to assess and turn the units before the next group of students take possession.
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- Halsted Li
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  Member since 2026 · 10 posts · 2 votes
  1mo
  Quote from @Mike Paolucci:
  
  Quote from @Halsted Li:
  Is it a good idea to rent to students at a Rent-to-Rent lease? For example from the start of the school year to the end of the school year for the students.
  These type of leases are pretty typical for College students since most students don't know who they're going to live with after the school year is over. They will often want to change their roommate situation a lot so pretty typical for this kind of lease.
  I'd also recommend leasing out the unit in advance - meaning pre-lease the units for the next school year. That way you at least have some kids committed to the property. Pretty common thing to do at University like Ohio State University.
  Just make sure you give yourself enough time to assess and turn the units before the next group of students take possession.
  
  all right, thank you. I will look more into this.
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Remington LymanBusiness Member
Real Estate Agent · Columbus, OH · Member since 2017 · 6k+ posts · 7k+ votes
1mo
Quote from @Halsted Li:
Is it a good idea to rent to students at a Rent-to-Rent lease? For example from the start of the school year to the end of the school year for the students.
Have them sign a 12-month lease so you do not have the vacancy
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Harry B.Pro Member
Lender · New York, NY · Member since 2026 · 71 posts · 22 votes
1mo
School housing is one of the most stable nationwide short term lease strategies. If you are lucky enough to of purchased near campus you are in luck. Make sure your security deposits are in line and do your due diligence on the co-guarantors. Your income should be more than double local standard rental income, because you can charge per room instead of per unit.
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- Halsted Li
  OP
  Member since 2026 · 10 posts · 2 votes
  1mo
  Quote from @Harry B.:
  
  School housing is one of the most stable nationwide short term lease strategies. If you are lucky enough to of purchased near campus you are in luck. Make sure your security deposits are in line and do your due diligence on the co-guarantors. Your income should be more than double local standard rental income, because you can charge per room instead of per unit.
  
  that is some good information, thank you
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