Medium Term Rentals in College Towns

[Kade T. Brunson]

I’m curious if anyone has tried using the medium-term rental strategy in college towns. I was brainstorming, and thought it might be a great alternate/exit strategy for rentals in those areas. I know typically rentals in college towns are on one-year leases, and vacancy is usually pretty low, but I wonder if it would be useful to be able to play the medium-term rental game in case there ever were a vacancy.

For example, football season is a huge season where I live. I think being able to rent out a place near the stadium during that part of the year could provide a huge boost in income. Additionally, some students may graduate in odd semesters and not want to commit to a full-year lease. The only issue I’m realizing is that in the summer months, the property would likely sit vacant. Furnishing the property might also be a headache as a lot of college rentals are unfurnished and the students typically bring their own furniture.

Interested to see what everybody says. Thanks in advance for your time, and feel free to message me!

[Patrick O'Shea]

I would think it works. I have had a student who was waiting for housing becoming available once. I also have heard from the local Cort furniture store their business booms because of it. The type of student probably matters. In Pittsburgh there are many grad students which I think would be great tenants, but YMMV. With that said, in my area traveling nurses have been the majority of my tenants. I have been doing this only 6 months so far.