Apartment on college campus

[Paul Thompson]

What have people’s experiences been with apartments near college campuses. Pros & Cons? Are there a lot of vacancies during summer months? Is it worth your apt constantly being trashed out? Is collecting rent more difficult? Any insight on these questions and any other good info would be greatly appreciated. Thanks 

[Mark Wurtemberg]

I had a condo near a college for 10 years with ZERO months vacant. 3 bed 2 bath. Had between 5-6 tenants at a time. Tenants were great. The cost per month to live there was less then campus housing. Plus, mom and dad were paying for it. I was surprised they wanted the place through the summer. Some tenants had classes that ran long, other tenants had classes that started early, other tenants had summer jobs. They also didn’t want to move stuff out then back again two months later. My tenants didn’t trash the place. Some stayed just one year, while others stayed 2 or 3 years. Word always got around to other undergrad students when the place was available due to the current tenants graduating. Didn’t have to advertise they place for rent.