4 br house renting to 4 graduate students

[Mike Savage]

We have been renting a great 4 br 2.5 ba house for 12 years.  Usually our tenants are a couple or a couple w a small child.  Recently a group of 4 graduate students showed interest.  One of the students toured the house with her father and they absolutely loved the place.  Her father will be co-signing on the lease.  I've not thought this rental group through yet but can anyone recommend the best method moving forward?  Should I even rent to roomates?  Any deal breakers?   BTW all 4 of the students will be in school for at least 2 years.  Two of the students will be in school for 3 years.  I usually have a 1 year lease with option to renew after discussion in February.   Appreciate feedback.  Hot summer, brain not thinking clearly.  

[Katie Stewart]

I personally think renting to students is a good idea! They can become long term renters because it's a guaranty they'll be in town for the next 2-4 years. In addition, a lot of the time their parents are paying their rent so it makes it less likely that rent will be late. On the flip side, students can sometimes cause more damage than your average renter, so make sure you're asking for a deposit that will cover you if they destroy the place. Best of luck!