Renting to college students by the room in Dallas-Fort Worth TX

[Steve Sellers]

I wanted to start a discussion about strategies renting by the room to college student near the many 4-year universities in DFW area. Has anyone got experience in this area?

I have an acquaintance doing well renting large SFHs (5ba / 4ba size) to college students outside UT Dallas (+40% rent premium over renting to families), with some caveats. 

• He furnishes common areas - couch, TV, refrigerator.
• City-by-city rules about maximum unrelated adults in a household.
• Finding property management is difficult (more maintenance than a family, but less than an AirBnB).
• Utilities are in owners name, with fixed cost per student per month added to rent.

Has anyone had success with this approach? Locations to look at or avoid? COVID risks due to college campuses closing?

[Kenneth McKeown]

@Steve Sellers this year is going to be interesting to see what happens with colleges. Whether or not there's a steep decline in attendance or not - as I'd not enjoy paying full tuition for online classes. I also have a good friend that's excelling this as well - but you will have higher turnover and not many tenants will remain for an extended period of time. I have a duplex right now that won't be vacant for at least the next 10 years.