Rental Properties in College Towns

[Lucas Lind]

Can someone share their experiences in purchasing and managing rental properties in college towns?

At face value (I'm just now getting into real estate) it seems to be like an attractive investment for a couple reasons:

1. No shortage of tenants

2. Minor upkeep (lower standards for college kids)

3. Money your tenants pay for rent is backed by either student loans or parents paying for it

On the other hand:

1. College kids are more likely to be late in paying rent/utilities

2. Higher rate of depreciation on the property

Let me know what you guys think of this, I'd love to hear your experiences