Auburn-Opelika Rental Investment Property

With Auburn University and major companies putting down roots in the area of Auburn-Opelika, investment rental property is a smart place to put your money. The number of students and people moving here for business can make a suite or apartment that you own into a steady income that's hard to beat, as you'll be building equity into the bargain.  An Auburn rental property can easily put hundreds of dollars into your net worth every month.

Investment properties can be hands-on or hands-off, as you choose. You can opt for a house that has a suite, so you can keep an eye on what transpires, or you can rent out a property that's across town. Either way, with some careful interviewing and policies, you can be on your way to financial success.

Many people are nervous about renting to students, but there are many advantages when you take the time to carefully interview and set clear expectations. Students can be excellent renters and a reliable source of income.

Search rental investment property in the Auburn-Opelika area

If you're looking at an Auburn-Opelika property as an investment rental, consider the following:

  • Are you allowed to rent your unit out?
  • Are there any restrictions that you would need to make renters aware of?
  • How close is the unit to the university, major employers and/or transit?
  • Are there shopping and recreational facilities nearby?

If Auburn University students are going to furnish your main rental income, here are some tips:

  • Don't make oral agreements; get everything in writing
  • Be clear on your policy for parties, pets and other controversial issues
  • Consider requiring a co-signer, such as a parent, for the student's rental agreement/lease
  • Clearly go over the rental agreement/lease with the student
  • Make students aware of the advantages of the Off Campus Association
  • Check out Auburn University's Off-Campus Housing page for more insight into what kind of properties students are looking to rent.

If you have any questions about Auburn-Opelika rental investment property, contact me!