College students tend to have a bad reputation when it comes to renting a property, however, there are plenty of perks when it comes to renting to students.
1. High Demand
If there are colleges, there will be a need for student housing. Schools can only house so many students, so properties within walking, biking, or short driving distance to campuses are extremely desirable. Additionally, this demand happens each year, which means there is never a worry about vacancies.
Property managers can take advantage of high demand by starting the leasing process earlier than normal to help students secure housing for the following year. In a college town, you can begin signing leases as early as February for the following fall semester to ensure your property will not be vacant. Plus, if you have a home you've just moved out of near a college, converting the property into a rental unit can be beneficial.
2. Potential for Higher Rental Income