A Landlord’s Guide to Renting to LMU Students

By Owen Conrad | Adapted for LMUniverse

Owning rental property near Loyola Marymount University (LMU) can be a profitable and rewarding investment. With LMU’s strong academic programs and attractive Westside location, there’s always a steady stream of students looking for off-campus housing. However, the student rental market brings its own challenges — high turnover, inexperience, and the occasional party.

At LMUniverse, we help landlords connect with LMU students in need of quality housing near campus. If you’re thinking about renting to students, here’s a helpful guide to doing it right — with fewer headaches and more peace of mind.

Today’s LMU Students: Not One-Size-Fits-All

While many students still move into housing right after high school, a large portion of today’s college renters are considered non-traditional. This could mean they:

• Are financially independent

• Are returning to school after time away

• Attend part-time

• Are over 30

• Have children or family obligations

This is great news for landlords. Many LMU students may be more mature, financially responsible, and stable than expected. Still, you’ll likely deal with some first-time renters — so setting expectations from the start is essential.

As veteran landlord Carol Walbye wisely says:

“Don’t assume they know how to care for a place. Teach them. Be clear about noise policies, maintenance expectations, and respectful living. Be present, check in often, and foster a good relationship.”

5 Tips for Renting to LMU Students Successfully

After confirming your rental complies with Los Angeles regulations and LMU’s off-campus housing policies, follow these tips to simplify your leasing process.

1. List Where LMU Students Are Actually Looking

Today’s students find almost everything online — including where to live. While platforms like Craigslist and Zillow still have visibility, they’re crowded and not student-specific.

LMUniverse is designed exclusively for LMU students seeking off-campus housing in neighborhoods like Westchester, Playa del Rey, Culver City, and Marina del Rey.

To make your listing stand out:

• Use bright, clear photos

• Mention walkability or bike routes to LMU

• Highlight key features like parking, laundry, or pet policies

• Include rent, move-in date, utilities, and lease terms

2. Use a Consistent Tenant Screening Process

Student or not, tenant screening is critical to protecting your property. Your screening process should cover:

• Credit check

• Income or proof of financial support

• Rental history (if any)

• Background and eviction reports

Not all students will have rental or credit history — which is why step 4 (below) is so important.

Rental property owner Rachel Tolmachoff warns:

“I never outsource screening. Property managers might not vet tenants as carefully. You have to own the decision.”

3. Protect Yourself with a Security Deposit or Move-In Fee

Renting to students — especially undergrads — may involve more wear and tear. Parties, frequent moves, and inexperience with home maintenance can take a toll. Charging a security deposit or non-refundable move-in fee can help offset damages and turnover costs.

Basic guidelines:

• Use security deposits for longer-term leases or higher-value rentals

• Use move-in fees for shorter-term or budget-conscious units

• Some landlords charge both, especially in student-heavy markets

Be sure to clearly explain what’s refundable, what counts as damage, and what fees cover in the lease agreement.

4. Require a Co-Signer When Needed

Some LMU students — especially underclassmen — may not meet income or credit standards on their own. A co-signer, typically a parent or guardian, provides added protection.

“I ask for five years of rental history — or a co-signer,” says Tolmachoff. “It’s how I ensure high-quality tenants.”

Include a detailed co-signer clause in your lease, and make sure it's signed. However, always direct rental communication to the student tenant — they’re your actual resident.

5. Spell Out Expectations in the Lease Agreement

Many LMU students may be renting for the first time. Avoid confusion and future conflict by being extremely clear about what’s expected of them. Your lease should cover:

• House rules (no smoking, candles, excessive guests)

• Who pays utilities

• Required renter’s insurance

• Maintenance responsibilities (light bulbs, cleanliness, trash)

• What to do during school breaks (heating, security)

• Guest and noise policies, especially in shared units

Don’t assume anything is “common sense.” Clear, written rules will protect both your property and your tenant relationship.

Make Leasing Easier with LMUniverse

Renting to LMU students can be smooth and profitable — especially with the right structure in place. Whether you’re leasing a studio near Loyola Blvd or a house with roommates in Westchester, LMUniverse helps you reach serious student renters fast.

Ready to find your next tenant? Post your listing on LMUniverse today and connect with LMU students looking for off-campus homes that fit their lifestyle.