Renting your apartment or house to students can be risky for some landlords.
Most owners are hesitant to have students as tenants because they are fearful of crazy parties, damages to the building, and inability to pay rent etc.
On the contrary, students can be excellent tenants if you find the right candidates.
Here are 10 tips to prevent foreseeable problems with renting to students.

1. Have the student's parent's co-sign the lease so you are protected in defaulting payments or damages where you can still collect from the parents.
   
2. Implement online banking with the student which will ensure timely and punctual payments each month.
   
3. Parties are inevitable.
   Make sure you have a clause in the lease limiting the number of parties allowed in a month.
   In the event the police is involved, automatic eviction can be executed from the landlord.
   
4. If you have multiple units in a building, offer a reliable student to act as your representative by enticing them with a cheaper rent, similar to college dormitories.
   
5. Consider having a male/female mix to prevent a house full of guys.
   This will help create order in the apartment.
   
6. Ensure you perform reference checks to ALL students.
   If this is their first time renting and they don't have previous rental history, ask for work/school references.
   This can still be a good source to illustrate how responsible they are.
   
7. Renting an apartment to more mature students like a graduate or senior student could be a wiser choice than a junior student.
   
8. Have in your lease stating how many unrelated parties are allowed to live in the apartment.
   This will help prevent additional tenants from moving in without you knowing.
   
9. To avoid having an empty space during the summer months, give the option for the tenants to sublet the place with the landlord`s consent to the new tenants.
   
10. Understand the residential tenancy act or the governing laws as a landlord either renting to students or not.
    

Use the above tips as guidelines when renting to students and you'll find the risks in renting to students are dramatically minimized.