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Updated 12 months ago,
College Rental Leasing Question
Hello,
I am purchasing my first investment property in a college town. It is a 3 bed 2 bath I will be renting out each room. I close on the property this week (Feb 8), and will begin repairs. It doesn't need much, everything should be done within a couple weeks. I am aware most leases coincide with the academic calendar, however, I am hoping to have it rented by April/May. How do you recommend advertising the property during this time period? Do I market to summer school students? Or to fall semester students? If someone wants to rent for the summer but NOT the fall, how would these leases be structured? The goal, obviously, is to minimize vacancy. I understand I am purchasing at a less than ideal time. Any and all advice is greatly appreciated!