All Forum Posts by: Derick Hunter

Sure thing Derick. If you're not sure on timing, do a market survey. Just call up some local property managers and ask about their occupancy and when they're leasing and what not. It's a bit awkward but there's a sort of unwritten agreement that managers will help each other out with that kind of information. 

Student housing is usually not very hard to rent, but that's during the "leasing season", which is usually in the months prior to the start of the school year. It might be  a little early where you are and thus, almost all the students have places already for this semester.

It's not uncommon and probably worth renting them out by the room in this case. You would need separate leases for each person and make it clear to them they would be living with others they don't know. But it's not uncommon to do this with student rentals. (Although, IMO, far from ideal as its much more likely there will be problems between the tenants.)

@Derick Hunter it appears the "market" is telling you that there are few, if any, student-groups looking for 2 & 3 bedroom housing - at least at this time of the year.

You may need to either:

1) Wait for summer, when students start lining up housing for the start of classes in the fall.

2) Offer rooms for rent in the 2 & 3 bedroom units. 
- This may have its own headaches as you will have to match various roommates that hopefully get along. Schools do it all the time in their dorms though:)