Seeking Advice on Recent Duplex Purchase Near Florida A&M University

[Seth Baumgartner]

Hello BiggerPockets Community,

I recently closed on a duplex near Florida A&M University in Tallahassee on March 31st. I'm currently living in one side of the duplex and planning to rent out the other side. The property is an 11-minute walk from the university, and I aim to target students as potential tenants.

Given that this is my first investment property, I'm looking for advice on the following:

1. What are the best strategies to attract and retain student tenants?

2. How should I price the rent to be competitive yet profitable?

3. Are there any specific lease clauses or considerations I should include when renting to students?

4. Any tips on managing the property efficiently, especially considering my limited time and technical skills?

Additionally, I'm curious about any potential pitfalls I should be aware of with student rentals and how to mitigate them.

Thank you in advance for your insights!

Seth