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Updated 12 months ago,
Talk to me about renting to college students
I'm looking for pros/cons of rental to college students. We have one rental already for college students, and my daughter lives in one room. It's a 4 bed/3 bath, and we rent out the other 3 bedrooms (by the room). This has worked well so far and we are considering purchasing other rental properties in the area.
Clearly this would come with high turnover, potential for damage (and general gross-ness haha). The market is in north Philadelphia where there are plenty of places to choose from, at reasonable prices. School is large (Temple), but any property would have to be within the "Safety Zone" around campus that Temple patrols, given the not-so-safe neighborhood.
What should I consider in purchasing/rehabbing and then renting to college students?