Was talking with my ID friend yesterday, and asked whether I am interested in investing in Vista Commonwealth apartment. He said rental there very good, each person pays like RM500. Mind you, it is not per room, but per person. Cause his niece is currently renting there. (renting to students)

I do not have experience in renting to students, and reading from the forums, many advised not to rent to students due to damages n others.

I would like to seek your knowledge in this field. If i were to rent a few apts and furnish them up to rent to students, what do I need to do to ensure prompt payments & easy maintenance?

a) was thinking of the hotel type of door with flash card. it automatically expires on 3rd of the month if rental not received?
b) can i swipe through those easy payment through credit card for students? this way rental is paid in lump sum!
c) prepay 11months rental and get 12th month free?
d) do you need a license to rent to students?
e) how to select tenants?
f) is doing 'female' only the best way?

Any comment is welcome & much appreciated.