Are college student rentals a good strategy as a real estate investor?

Or is it a bad idea?

Something that's going to end up as a nightmare, like a scene from Animal House.

I happen to have a lot of experience in this as someone who lives and also invest in a

college town in Clemson, South Carolina.

So I'm going to tackle this question in this edition of Ask Coach, and we're getting started right now.

Welcome to the Ask Coach edition of the podcast.

If we haven't met yet, I'm your host Chad Carson.

You can also call me Coach.

My mission here is to help you get out of the financial grind so you can do more of what matters.

And the Ask Coach edition of the podcast

is where I do my best to answer your burning questions about real estate investing and personal

finance. Today's question comes in by email from David Wisniewski, and the question is,

this is the time of year that a lot of rentals targeted to students come on the market. Can you

discuss special considerations when renting to students? I'm particularly interested

in how management companies handle tenant turnovers. Does one rely on them to inspect for damage

and then manage repairs and cleaning and potential upgrades prior to vacancy? I think he meant

occupancy by a new tenant. The idea of renting the students is attractive to me, but is contrary

to the advice given by John Schaub and his book, Building Wealth, One House at a Time. He goes on to talk about some advantages and disadvantages of student rentals, which I'll get into in a moment. I appreciate this question, David. This is definitely something in my wheelhouse. As I said earlier, I invest in college student rentals. It's not the only type of rental I have, but I live in Clemson,

South Carolina, which is a small college town in the upstate of South Carolina. And my very first experience with student rentals was a house hack that I did. I don't know if some of you have heard of my house hack or read my article or seen my video on it, but I moved into a fourplex in Clemson and it was in an area that was primarily student rentals and I lived in unit

number two we fixed up the rest of the property but I moved into a fourplex in Clemson and it was in an area that was primarily student rentals

and I lived in unit number two we fixed up the rest of the property used to have Merry Christmas

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