Student-style rental in a non-college town?

[Travis Daudelin]

Hi everyone,

I'm not sure what the general term is for the rental strategy of renting out individual bedrooms (long-term, not VRBO) in a single-family home. Student housing is usually what I hear these rental types called but my market has no college so there are no students. Does a rental strategy like this work in a student-less market?

My instinct is no, but I hope I am wrong because if it were possible it would make a lot more of the properties in my market make sense from a numbers standpoint.

Curious on your thoughts!