All Forum Posts by: Jeffrey Sealy

 I'm glad you mentioned this! I have never heard of "caps" on non related people in a household! Thank you! I will definitely be checking on this! 

@Peter Tverdov Amen to that! Thanks again. 

 Great insight! Thanks so much for sharing your thoughts! Do you cover utilities or are your tenants responsible for that? 

Also, do you use any of the rent paying apps? When I was in school at TAMU there was actually an application that the landlord you could use through the school that would post your monthly rent. Each individual paid their part until it was down to zero. This was more to protect the tenants from the "money collector" of the house overstating what the total value of their utilities bill was and keeping the additional money. Surprisingly things like this happened more times than you would think which is why the university put this into place. 

@Jake DeBoer

Thanks for your input! I'm guessing that if they've been your tenants for almost 3 years they signed on as incoming freshman? What is your plan to fill the place back up when they eventually graduate? 

@Eric G.

All the leases I had to sign in college were 12 months, but you never know depending on the owner... I would only do 12 month leases.

I definitely completely agree with your comment. Sororities and Fraternities can provide you with a constant flow of tenants as long as they are recognized on campus. 

@John Peine

We also had to re-sign the lease extremely early in the spring semester

 We were on the hook for the summer months at the house that I lived in while at school. It was either find a sub-lease or pay up. 

@Alex Price

Exactly! It's definitely easier to establish that connection in a town with a college that you attended. Regardless, if you can find a way in and keep tenants flowing through my opinion is why not? 

@Jessica Costa

That's how I did it in when I was in graduate school. Found a house that was within reasonable driving distance to campus and then reached out to other people who were in the same program as me until it was filled up. It was significantly cheaper to live off of campus than it was to live on campus. 

Morning, 

Just wanted to get some opinions on how you all feel about buy & holds in college towns. I view these properties as MF even though they are technically SF. However, when renting to college students you are able to charge rent to each person that would potentially live in the home. When renting traditional SFR you get all of your rent from a single family.

How many of you have rented to college students? How would you describe your experiences if you have? What strategies do you use to combat the 3 month dead period from the end of one school year to the next? 

- Jeffrey