Student Housing Market

[Jason Bullock]

I am interested in MTR for students near colleges and universities. I am wondering if during the time students are in school one is able to rent rooms for higher than normal market value.

Any articles, insights and or comments on these are is appreciated.

[Dave Poeppelmeier]

Quote from @Jason Bullock:

I am interested in MTR for students near colleges and universities. I am wondering if during the time students are in school one is able to rent rooms for higher than normal market value.

Any articles, insights and or comments on these are is appreciated.

Man, there is a lot to go into on this simple question. It all depends on the college rental culture. At some schools the students stay year round, others are 9 month leases. Some provide furnished houses, others don't. 

I would not put Student Rentals in the same category as MTR. There is a lot more hand holding and hands on management with Students, the leasing season is much different, as @Melanie P. mentioned you have to get repairs done between groups, etc. The only way I would see this working is if you find a school that:

1. Has a culture where Students move in in August and move out in May

2. There is a market for providing furnished houses (International students and wealthier students)

3. Has a STR demand outside of the University in the summer (major metro area with tourist demand)

If you can find something like that, and someone competent to manage all of that, then I would say go for it. In my experience, we don't have that, and it's much simpler (if Student Housing can be considered simple) to just do Student Housing and not try to squeeze every possible cent out of a property.