Student Housing Questions

[Bob Mastroianni]

I am working on a deal for a multi-family that is in an area where it could also be a great location for student housing. I am looking for opinions from those who have rented to students in the past.

Since the property has multiple rooms, do you sign separate leases for each student or do you place them on the same lease as a Group Lease? And, how many parent signatures (co-signer's) do you require for each student?

What is the best time of year to advertise the available unit(s)? What month do you normally turn your leases over?

Do you have any additional rules or items in a lease for your student rentals that you do not normally include in your standard leases?

I appreciate any feedback. Thanks!

Bob