When investing in a college rental makes sense

Is your kid ready to be a landlord?

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Luxury Connect | Oct. 16-18 | Beverly Hills

Our youngest son, fresh from two years of teaching abroad and now looking for a job in San Francisco, called last week with his latest housing outlook. After crashing on couches and spare bedrooms with family and friends, he’d found a basement unit for $1,200 a month near the University of San Francisco.

"It’s not really an apartment," Chris said. "More like a couple of large rooms of a big home. The former tenant moved upstairs, so the new guy gets the basement. I’ve looked for weeks and it’s the cheapest thing I could find."