Pros and Cons of Owning Rentals in College Towns?

[Emily Cole]

Hi everyone! I hope you’re doing well. :)

I have a question that I was hoping to get some community feedback on. I’d love to know from any of you who have rental properties in college towns; what are the pros and cons for being a landlord with college student tenants? What are the vacancy rates, typically? 

Are there any major pitfalls or turn-offs that outweigh the potential benefits? 

What about subletting? 

And do you include any specific details in the lease agreements that you wouldn’t typically include with more permanent tenants? 

Any feedback is greatly appreciated!