If you own property near the UNCW campus, it is all but guaranteed you will have students interested in renting your home. This is a good thing - as long as there is a university, these students will need some place to live.
There are, however, several things to keep in mind when owning an investment property in a college area.
- How do you decide on a rental rate?
- What kind of lease should you use and how strict should it be?
- Should each parent/cosigner be responsible for only their child or for the group as a whole?
- Who pays utility bills?