College Rental Questions

[Megan Thomson]

Hello! My husband and I recently purchased our first rental and I just got it rented out to a group of college students. We specifically purchased the property in hopes of renting to college students and I’m excited that I found tenants. I have a few questions specific to college properties and I was hoping someone else in this field could answer some questions for me. Thank you!

- Do the college students needs renters insurance?

- For those of you who do 12-month college rentals, how do you structure the lease? Do you leave a week gap in between renters for repairs, etc?

- For out-of-state parents who are co-signing, how does this work? Do you send them the lease agreement before the students sign it or after? 

That’s all my questions for now. I would love to connect with another landlord who is doing college rentals.

Thanks!