Renting to Students
Hey Landlord, do you know that the college student market is in high demand?
If you want to invest in a property, doing it in a college town could be very profitable. Before you make this decision, please read our quick guide with helpful tips about renting to students.
Target your audience: Advertising in social media channels, student rental portals, and the university website are the best channels to find candidates. Keep your target audience in mind while describing your property, and the community rules.
Reducing the risks: Students tend to be tougher tenants on the property. An attorney can help you draft a lease tailored to renting to college students. Include a detailed set of rules and specify guidelines, even if they are unusual. A good example of a property rule will be “no form of mini basketball allowed inside the apartment.”
You can conveniently host this and other rent documents on your Rentlit account, this way everyone will have a copy.
Always ask for parents as co-signer, and if you are dealing with multiple tenants or roommates have each person sign the lease agreement.
Use Rentlit to collect the rent: Students are young, wild and forgetful. Avoid the chase and the headache. Rentlit allows the student or the parents to automate payments.
