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Updated almost 13 years ago on . Most recent reply

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Dan M
  • linden, nj
0
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10
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Renting to Students: How do you assess the risk?

Dan M
  • linden, nj
Posted

This property is a couple blocks from campus. It's basically set up for housing students with small kitchens on each floor(2).

I will always need a group of 7+ kids. Since only juniors and seniors can rent of campus, tenants will be there for at most 2 years. There are rules about 3 or more unrelated people living together so I will need 3 separate leases at all times. I'm concerned about not always being able to fill the need constantly.

Renting to non students would probably be difficult and would command less rent.

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