Off Campus Student Housing

[Gerry Sosa]

HI GUYS. I AM LOOKING FOR SOME INFORMATION ABOUT RENTING TO STUDENTS. I WAS WONDERING IF SOMEONE CAN HELP ME. 

I AM THINKING ABOUT BUYING A HOUSE IN YORK P. A., NEAR COLLEGE. I WOULD LIKE TO KNOW IF THE RENT I CHARGE SHOULD INCLUDE UTILITIES OR SHOULD THE UTILITIES BE PAID FROM THE  RENT.? ALSO I WOULD LIKE TO KNOW HOW MANY STUDENTS ARE ALLOWED TO OCCUPY ONE HOUSE.? THANKS,  GERRY.

[Account Closed]

@Gerry Sosa  The tenants should pay their own utilities - unless it is a multi-unit building and the utilities are not split.  In that case I would include utilities in the rent, and charge more.  

College towns can create nice cashflow, but they are typically heavily regulated.  I would contact the local city compliance office.  It's likely that the rental property will need to be licensed as a rental and inspected by the city.  They will also be able to tell you how many unrelated people can occupy the property.  

Another consideration is insurance.  I would call around for insurance pricing before purchasing.  There will likely be a higher premium to insure college student housing.  Hope this helps.