WHAT YOU SHOULD LEAVE WITH

Leave with a management scope you can price consistently: tasks, fee categories, approvals, reserve requirements, reporting and transition responsibilities.

START WITH THESE THREE FACTS

01List the tasks you expect the manager to own.
02Set the maintenance approval threshold and reserve you are comfortable with.
03Request the complete written fee schedule, not only the headline percentage.

APPLY IT TO THE RIGHT MARKET

Keep the guide attached to the college you are actually deciding around.

Choose a college so the next property, local professional and market information stay in context instead of forcing you to start over.

STEP 01 OF 04

Define the work

List leasing, screening, collection, maintenance, accounting, inspections and turnover. Decide which tasks you intend to retain.

Describe the property, existing tenants, lease cycle and owner response expectations. A manager needs the actual operating situation to prepare a useful proposal.

Decision checkpointRecord what you confirmed, the source or document it came from, and the question that still needs an answer before you move on.

STEP 02 OF 04

Compare the complete fee schedule

Ask about recurring management charges, leasing and renewal fees, maintenance coordination, project work and termination terms. Request the written agreement.

Compare costs with the same rent, occupancy and maintenance assumptions. A headline percentage does not describe the complete service.

Decision checkpointRecord what you confirmed, the source or document it came from, and the question that still needs an answer before you move on.

STEP 03 OF 04

Ask how decisions and money are handled

Review approval thresholds, reserve requirements, emergency procedures and owner reporting. Ask how you can access records and how often statements are provided.

Verify licensing or registration where required through the relevant regulator. Speak with references you are authorized to contact and evaluate the fit for your property.

Decision checkpointRecord what you confirmed, the source or document it came from, and the question that still needs an answer before you move on.

STEP 04 OF 04

Plan the transition

Agree how leases, keys, deposits, maintenance records and tenant communications will be transferred. Record each party’s responsibilities and timing.

Confirm who will answer tenant questions during the handover and who will close any outstanding maintenance requests.

Decision checkpointRecord what you confirmed, the source or document it came from, and the question that still needs an answer before you move on.

This guide is educational. Lease requirements, professional services, property rules and financing depend on the specific location and situation. How we handle sources and estimates.

Put the next decision in motion

Find local real estate guidance

Choose the college and continue with the professional assigned to that local market.

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Analyze a campus rental

Model income, expenses, debt service and the assumptions behind a campus rental.

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Review a campus rental as an operating property

Check rent evidence, expenses, property condition and downside risk before financing.

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Choose the management support your property needs | CollegeHousing.ai