Subletting Rules Decide Whether a Student Group Renews
By Richard Joseph Spinelli, Sandhills Real Estate Every April a message arrives from one of our houses asking whether somebody can take a room for the summer. It comes from a different house most years and it reads the same every time. I answer it myself, under my own name, Richard Joseph Spinelli, and over the years I have answered it two different ways. If you own student housing near a campus you already know the message I mean. What I want to put down is what that message actually decides, because for a long time I filed it under paperwork. It belongs under renewals. The same request shows up in house after house every spring At Sandhills Real Estate the count today is 27 units across 13 properties, every one of them in Belmont and every one of them a short walk from the Rose Hill gate, which is the area we have been buying into since 2022. Across that many houses the April request stops looking like one household's problem and starts looking like a season. It lands in a d...