Pros to Renting to Students?

[Jenny Keffer]

My husband and I own a 3 bedroom single family home near a local college. Our real estate agent suggested we apply for a student housing permit a d off the property as a rental to Students. The permit requires an application, $200 per year and an inspection. What would the advantages be to Renting to Students vs a family or individual? Are we likely to receive enough extra in RENT that it would make it worthwhile? Thanks!

[Stanley Okazaki]

I dropped out of college last year, but prior to that I was always going to college parties. 

Students aren't long term tenants in most cases. More turnover. Care less about the property. Parties. If you find the book worms / foreign students...they would be great tenants. 

Families are more stable. Tend to look at the unit as more of a home & all that other jazz.