Student Housing Renting Method

[Scott Kohler]

I own a 6 bedroom, 2 bathroom house on Ball State University's campus. It has three bedrooms and a bathroom on each level with the laundry and kitchen being on the lower level and the living room area being on the upper level. When I purchased the house it was at 100% capacity and was rented out at $400/month per bedroom so more dorm style living arrangements. Going forward I am looking for advice on if I should continue renting the house out on a per room basis or should I list it as a six bedroom, 2 bath home and try to rent the entire house out to a party of people who all know each other. Two of my tenants that are there now want to stay for next school year and I am hesitant to have them sign their lease if I do decide to attempt to rent the entire house out at once. Any advice would be much appreciated! Thank you, Scott.