Planning To Rent Out To Students: Here Is What You Need To Know

Julie Martinez • May 31, 2024

Students frequently look for affordable housing near their educational institutions, generating a constant demand for rental properties in these areas. Although students typically have limited incomes, they often enter into fixed-term leases, offering property owners reliable rental payments throughout the academic year.


Listed below are important things to know if you are planning to rent out to students:


Location Matters


One important factor to consider when renting to students is the property's location. Properties close to universities or colleges offer students convenient access to their classes and essential amenities. Therefore, if your property is near an educational institution, renting it to students can be highly profitable.


Property Type


Consider the types of properties that are suitable for students, such as apartments, townhouses, or single-family homes. Students typically prefer options with multiple bedrooms and shared living spaces.


Screening


When leasing property, it is crucial to screen tenants thoroughly. Important factors to consider include checking credit history, verifying income sources, and obtaining references from previous landlords or educational institutions. Additionally, setting clear rental criteria and conducting face-to-face interviews can help assess a student's suitability as a tenant. Exploring the possibility of having a cosigner, usually a parent, and conducting a credit check on the cosigner are additional options to consider.


Furnished vs. Unfurnished


Decide whether to offer the property furnished or unfurnished. Furnished units can be more appealing to students as they eliminate the need to buy furniture. However, keep in mind that furnished units may require more maintenance and upkeep compared to unfurnished ones.


Clear Lease Terms


Setting clear lease terms is crucial for ensuring a seamless rental experience. The lease agreement should outline the rent amount, payment schedule, lease duration, noise regulations, and property maintenance rules. Effectively communicating these terms promotes clarity, reducing the chances of misunderstandings or conflicts later on.


Rent Collection


Establishing a reliable rent collection system is crucial for maintaining consistent cash flow. Whether it's through online payments, direct deposits, or post-dated checks, implementing a streamlined rent collection process enhances financial stability and predictability.


Maintenance and Upkeep


It's essential to prioritize regular maintenance and care when renting to students. Given that students may not possess the same level of awareness regarding property upkeep, proactive maintenance can help prevent minor issues from turning into expensive repairs.


Community Regulations


Take the time to acquaint yourself with any community regulations or homeowner association rules that could affect renting to students. Certain neighborhoods or complexes might impose restrictions on rental properties or provide guidelines specific to student housing.


Insurance Considerations


Consult with your insurance provider to ensure that you have adequate coverage for renting to students. Understanding any coverage limitations or specific requirements is crucial for protecting your investment.


For more information about renting to students in Killeen, consult Hunter Rentals & Sales. We are located at 1503 W Stan Schlueter Loop, Killeen, TX 76549, United States. You can also call us at (254) 634-3311. 

Smart Management Tips for First-Time Rental Property Owners

By 1920008 • June 12, 2025
Discover smart property management tips for first-time rental owners. Learn how to screen tenants, set rent, handle maintenance, and stay legally compliant for success in Killeen, TX.

Preventing Mold and Mildew In Your Rental Property

By 1920008 • June 12, 2025
Mold and mildew are persistent issues in environments with high humidity, especially during warm or rainy seasons. These fungal organisms flourish in damp, poorly ventilated spaces and can appear on a variety of surfaces, including walls, ceilings, fabrics, and furniture. Besides their unpleasant appearance and smell, mold and mildew can also cause health problems, especially for people with allergies or respiratory issues. Fortunately, with consistent maintenance and environmental control, the risks associated with mold growth can be significantly reduced. Ensure Adequate Ventilation Proper air circulation is one of the most effective ways to reduce moisture buildup indoors. Spaces such as bathrooms, kitchens, laundry rooms, and basements are particularly susceptible due to frequent water use and steam accumulation. To address this, ensure exhaust fans are properly installed and working. You can also open windows when weather conditions permit. Using ceiling fans or portable air circulators can further enhance ventilation and minimize moisture buildup. Use Dehumidifiers Strategically Dehumidifiers play a vital role in regulating indoor humidity. By drawing moisture out of the air, they create a less hospitable environment for mold and mildew. These devices are especially helpful in enclosed or poorly ventilated areas like storage rooms, attics, and lower-level spaces. Running a dehumidifier consistently can help maintain an optimal indoor humidity level, ideally between 30% and 50%. Address Leaks and Water Intrusion Quickly Unresolved water leaks—whether from pipes, roofs, or windows—can create hidden moisture pockets that lead to mold development. Regularly inspect plumbing fixtures, roofing systems, and window seals for signs of leaks or condensation. Prompt repairs are essential to prevent long-term damage and microbial growth in hidden or hard-to-reach areas. Clean and Dry Surfaces Frequently Surfaces that remain damp for extended periods are prime targets for mold colonization. Regularly wiping down wet surfaces, such as shower walls, countertops, and window ledges, helps eliminate excess moisture. Incorporating non-toxic mold-resistant cleaners into your routine can further discourage growth. In addition, drying wet fabrics or upholstery promptly and thoroughly is essential. Monitor Humidity with Hygrometers A hygrometer is a simple, affordable tool that measures indoor humidity. By placing one in each major living area, you can keep track of moisture levels and take timely action if they rise above safe thresholds. Maintaining indoor humidity below 60% significantly lowers the risk of mold and mildew formation. Maintain HVAC Systems Heating, ventilation, and air conditioning systems influence indoor air quality and moisture control. When neglected, they can circulate humid air or even harbor mold in ducts and filters. Routine maintenance—including regular filter replacements and periodic professional inspections—ensures efficient operation and reduces the likelihood of hidden mold development. Store Materials with Care Materials such as books, clothing, cardboard boxes, and textiles are especially vulnerable to mold if stored in damp conditions. Keep such items off the floor, away from walls, and in well-ventilated, dry areas. Use moisture-absorbing products like silica gel packs or desiccant containers in storage spaces to provide added protection. By implementing these preventive strategies, property owners and occupants can create a healthier, drier indoor environment that is resistant to mold and mildew, even during prolonged periods of high humidity. For more information on property management and maintenance tips, visit Hunter Rentals & Sales at www.hunterrentals.com and connect on Facebook and Instagram for the latest updates. Hunter Rentals and Sales is located at 3207 East Stan Schlueter Loop, Killeen, Texas 76542, United States. Phone: (254) 634-3311 

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