Opinion on Buy & Holds in College Towns

[Jeffrey Sealy]

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 

[Val Peare]

I have a single family 5 bedroom 3 bath property I rent to college students.  It's been a great rental for me  - other than a striper pole going through the ceiling twice :/  I can charge higher rent because it's based on room rental.  I have them sign 12 month leases.  It's fairly normal here to do so even for students.  I have their parents co-sign on the lease as well.  I'm renting to some frat boys now that have been super great.