OP- Sorry this is long, but might be helpful. DH owns a house near his old uni and its privately rented to students. (Its solely in his name, hence I refer to it has his). The uni act as a real estate agent and have their own team for this. I don't know if all unis have a student accomodation type team that also manage private rentals?
They find the students, organise gas/electric checks and can organise repairs if needed. We did look at just renting the house to a family via a regular estate agent, and the rent would be more. We felt though that the student accomodation team were fair and would mediate between us and the students- which we didn't feel a regular estate agent would do. The students don't get their degree if they trash the house and in most years, a new group have come in. So far, we've had only minor issues. We have a list of minimum furniture requirements for each room- desk, chair, bed, bedside table, small bin, wardrobe. We provide a vacuum, fridge/freezers, washing machine, microwave etc. Also sofa, blackout curtains, dining table/chairs, mops, kitchen bin and every year get new mattress protectors. They provide their own bedding, cutlery, kitchen utensils etc. This might differ between places. The 1st year, we were asked to include ALL crockery, glassware, utensils etc but they said it took far too long on the inventory so not to include it the following year.
Until now, its always been a group of friends (generally 2nd or 3rd years) that have rented the house. Not random strangers in the one house. Last year, the uni asked if we'd rent to a PhD student who had a wife and young son. His wife isn't at the uni- just the man. He'd planned to live there for 5yrs. This would save us the fee of the uni finding a new group each year and partly based on this, we agreed a lower rent than we would have got from filling every room. Also, the uni have built more of their own accommodation, so some years, we've not know if our house would be rented at all. At the students request, we removed furniture from 3 of the rooms so they could have a study and a separate play room for the child. Luckily, we were able to just fit it into a garage we have.
18mths on, the PhD student has advised that they are looking to buy their own house and will be moving out in the new year!
My advice:
-Ring around the uni's you are considering and see if they have an accomodation team
-Don't discount all private rentals as being more expensive than ones via a real estate agent
-Our house was never advertised as 'family' accomodation, so ask if they have any fully/partially furnished 4 beds
-If you are planning to stay a few years, there might be negotiation on the rental rates
-If there is certain furniture you'd really want/need, then ask if it could be included. Or, if there is a furniture charity shop in the town, they will often delivery and then take it back when you move out.
-Consider garden maintenance and whether you'll want to do this or be too busy studying. We always paid for someone to mow the lawns and just taken it from the rent we get. Will a lawnmower be provided? Is there storage for it? Will you pay a garden yourselves or will it be included in the overall rent?