On the other hand… - Posted by OHSteve
Posted by OHSteve on February 24, 2002 at 07:44:34:
Hi Tim. Unlike Lor, I have had GREAT experiences with student rentals. I bought five units (two HUGE duplexes and a SFH in a package purchas). All units are 4 or 5 BR so consequently I have up to 5 students per unit! HOWEVER, they pay a premium rent and also…surprisingly…last fall several of the units were CLEANER, NEATER and WITHOUT DAMAGE…cleaner than they probably would have been if I would have done it! And I’m not exagerating.
Get co-signers from EVERY student’s parents/guardians. Get good sized sec deposits (and get them early on if you rent for fall). Mine have been pretty hands off and have been worth every bit of effort and money I have put in them.
Best of luck…Steve