This ain't your Animal House rental anymore.
There may have once been a time when you had to fear renting your property to a group of college students and I am sure that the movie Animal House probably scared the bejesus out of you, but those days are over. Actually, there have been many instances when my landlord clients have directed me not to rent to college students. For the life of me, however, I cannot explain why.
These are the reasons you should be running to rent to college students in no particular order;
- They always pay the rent and are always on time. Students do not want to be homeless any more than the average renter. Being evicted scares the heck out of them and most have no idea what the rental laws for landlords and tenants entail.
- Most college students receive financial aid and use that money to pay the rent. Some receive so much that they don't even think about paying it back in four years or how much the rent is. It's as if they feel like it's not their money. Until they graduate that is.
- College students are cleaner than you think. Maybe it's a product of today's upbringing or the fact that cleaning and organizing has become such a big business boom for stores like Bed, Bath, & Beyond that students and parents alike want to be a part of it.
- Let's face it, if a college student is going to school full-time he or she is really never home anyway. Therefore, they have no time to trash your house. Graduate students especially are way too busy studying to worry about anything else.
And one last thought on the subject; Yes, I have experience renting to students, so I know what I am talking about. And secondly, if your rental property is near a college campus then it will never have any down time, ever. Now, just think about that for a moment when you consider turning away a college student. And even if you were one of the unlucky ones to have your home trashed by a renter why fret? The repairs are tax deductable anyway.