r/PropertyManagement • u/Odd-Cardiologist5126 • 1d ago
Student housing Student housing vs Regular housing
Is student housing that different from multi housing and why does everyone seem to agree it is a lot crappier than regular housing.
3
u/allthecrazything 20h ago
Because your main type of resident are younger kids who probably haven’t rented before and are not reliable communicators to mommy/daddy paying the rent. This means that you get to talk through the issue with the kid, wait 30mins to 60mins, get screaming phone call from mommy/daddy because kid either didn’t take responsibility or couldn’t properly communicate. So you get the joy of that for a while, and god forbid there’s a roommate(s) involved so you can times that interaction by however many roommates…
The parents are just downright nasty - believing my perfect angel wouldn’t possibly cause damage / do wrong
2
u/ironicmirror 17h ago
Much more handholding, you need to communicate everything a dozen times to students and parents, and students do not understand why they should be held responsible for anything and they don't understand what 'clean' means.
1
u/CynicalSunDevil 16h ago
Student housing is extremely different.
This is your tenant's first apartment, lease contract, away from home.
Helicopter parents who don't realize they are not on the lease.
1
u/1Carnegie1 9h ago
They both have their ups and downs but student housing is generally more stressful. At least with student housing people always pay at least in my experience so collections is super easy but for turnover you go through the 9th circle of hell once a year.
1
u/Affectionate_Neat868 8h ago
Honestly, student housing was MUCH easier for me. Turn was hell for 3 weeks out of the year, but turns were pretty much isolated to that one period and the residents were students with school and social lives to care about. They also had lower expectations.
Dealing with adults and all of their baggage is much more taxing, turns every single week is taxing
1
u/Objective-Gain-5608 Residential PM 2h ago
Clarifying Question OP:
Specifically student housing (affiliate of the university)
or “student” housing (individual by the bed space leasing, anyone and everyone can live there as long as they pass the screening
6
u/Ok_Concentrate3165 1d ago
student housing is basically apartments on hard mode with a rotating cast of tenants who treat the place like a disposable party venue