Managing the rent by room house hack

[Trystan Fuglseth]

Hey REI world! Im planning on doing a rent by room house hack as traditional house hacks with working numbers in my area are hard to come by. I am somewhat concerned about vacancy. My city Grand Forks ND has a large college population and from what I gathered from my coworkers shared housing booms in mid to late summer when students are getting housing for the school year lined up. My question is how do you or would you market and manage a rent by room in a rather feast or famine market to keep vacancy as low as possible. Some people have reccomended undercutting the market by a hundred bucks and I want to know what you guys reccomend or do, Thanks!