Only in areas that are bringing in more money for tuition (such as private college/universities) would it be considered advantageous to ‘compete’ with a few upgrades (basically keeping renters closer to a lifestyle in amenities they might be used to)Perks here are -Minimal ‘basic needs’ updates only needed most of the timeRent often paid by someone else (first bank of Mom and Dad in a lot of cases)Never really a need to market property/have scarce renter poolA lot of folks are worried about the lack of credit history with student renters, worried about property damage and this is the key to help with that;Add the parents/legal guardians to the lease and screen their credit/background just the same as any other renterGet the maximum allowed by your state in terms of security depositHave utilities paid by renters (this lessens the likelihood of seasonal utilities being out of control)Use an app/online payment system to ‘remind’ of payment due/accept payments automatically (like AHC deposit)Use an online (or even via text on group with co-signer) to report damages/issuesUse this same app or text thread to respond to anything abnormal/red flag likes noise complaints, too many overnight guests etc- keeps a ‘report’ in to parents as well and can be used as leverage for offering ‘responsible housing’Offer a GPA discount; this sounds silly maybe but it takes responsibility to make good grades and carry a higher GPA.

Do not depend on the title company or attorney reminding you or telling you what to do.

This is so if we need work done, inspectors, etc I can remind them to secure their weapons.  

This reminder help keep me on track.

I also prefer sending the upcoming tenant a Google Calandar invite so they get a secondary reminder before the set time.

Hindsight…. always a great reminder of my mistakes!

Anyway, it makes figuring out the COC on just the ADU challenging and I haven't sat down and tried to sort it out but now you've reminded me I really should!

I just sent him a gift card for lunch and set a reminder on my phone. 

Whenever I feel overwhelmed with options I always remind myself there's only one way to eat an elephant: one bite at a time.

There is additional language concerning late charges, if I default the reminding balance of the note becomes due immediately, etc.Definitely use an attorney for it.