A valuable source of real estate investment income

One way you can maximize your real estate investment is to rent to college students. A rental property in a college town can be a boon to the real estate investor. This is because college students are often willing to pay for certain conveniences, like a private room and housing close to campus. As long as you realize that sometimes dealing with them can be difficult at times (damage, late rent, etc.), but if you approach it properly, renting to college students can be of great benefit.

Figuring the rent

Whether you rent apartments or a house, you can magnify the amount you get in rent simply by housing more students. If you have a four-bedroom house, you might only be able to rent it to a family for $800 a month. However, if you rent to single college students, charging $250 apiece for a private room, you get $1,000 per month. If you rent out the rooms as a combination (2 private and 2 shared), you can get $1,100 if you charge $150 for shared rooms. And, if you rent out  all the rooms as shared, you can rake in $1,200 per month.

See Also