Using a tree stand is a very popular way to hunt them around my area.
What most guys do after they get a deer from there stand is use the gut pile as bait and come back later the same day or next morning and sit in the stand for coyotes. This method is very effective especially for those who use shotguns or crossbows to coyote hunt with as it allows you to get very close to them undetected. Plus its kind of neat to see how yotes stalk through the woods, no other way to see that other then from a good ambush point like a tree stand.