{"id":74927,"date":"2015-09-17T00:02:54","date_gmt":"2015-09-17T06:02:54","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=74927"},"modified":"2023-04-12T06:36:39","modified_gmt":"2023-04-12T12:36:39","slug":"2015-09-17-bp-podcast-140-the-riches-are-in-the-niches-with-bill-syrios","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/2015-09-17-bp-podcast-140-the-riches-are-in-the-niches-with-bill-syrios","title":{"rendered":"The Riches Are in the Niches (Like Student Housing) with Bill Syrios"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Real estate investing is a BIG field, and there are hundreds of ways to build wealth. However, according to our guest today, the riches are in the niches! On today\u2019s show we sit down with <strong>Bill Syrios<\/strong>, an investor from Oregon who specializes in the incredibly lucrative field of <strong>student housing<\/strong> (as well as numerous other niches!). You\u2019ll learn how he transformed an early real estate setback into a business that <strong>owns hundreds of properties<\/strong> in multiple states! <\/span><\/p>\n<h2>Read the Transcript<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\/bpp140-bill-syrios-podcast-transcript-the-riches-are-in-the-niches\" target=\"_blank\">Click here<\/a> to read the transcript.<\/p>\n<h2>Listen to The Show on iTunes<\/h2>\n<p><a href=\"https:\/\/itunes.apple.com\/us\/podcast\/biggerpockets-podcast-real\/id594419649\" target=\"_blank\" rel=\"noopener\">Click here<\/a>\u00a0to listen on iTunes.<\/p>\n<h2>Listen to the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" src=\"https:\/\/playlist.megaphone.fm?e=BIGPOC4285029578&amp;light=false\" width=\"100%\" height=\"200\" frameborder=\"0\" scrolling=\"no\"><\/iframe><\/p>\n<h2>Watch the Podcast Here<\/h2>\n<p><iframe loading=\"lazy\" title=\"The Riches are in the Niches (Like Student Housing) with Bill Syrios | BP Podcast 140\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/GArzKgkLrSE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Help Us Out!<\/h2>\n<p>Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found <a href=\"https:\/\/www.biggerpockets.com\/forums\/25\/topics\/161423-do-you-listen-to-the-bp-podcast\" target=\"_blank\" rel=\"noopener noreferrer\">here<\/a>. Thanks! We really appreciate it!<\/p>\n<h2>This Show Sponsored By<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-75010\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/09\/PATLive-Logo1.png\" alt=\"PATLive-Logo\" width=\"232\" height=\"72\" title=\"\">We just wanted to give a shout out to our podcast sponsor\u00a0on today\u2019s show:<strong> PATLive<\/strong>. PATLive&#8217;s team of superstar receptionists will always leave your customers delighted. Every agent goes through a rigorous training course before they can answer calls, and we&#8217;ve got quality assurance down to an art.<\/p>\n<p>Learn more by visiting <a href=\"http:\/\/www.patlive.com\/biggerpockets\" target=\"_blank\" rel=\"noopener noreferrer\">PATLive.com\/biggerpockets<\/a>!<\/p>\n<h2>Fire Round Sponsor<img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-74647 size-gallery-block\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2015\/08\/freshlogo-214x140.png\" alt=\"freshlogo\" width=\"214\" height=\"140\" title=\"\"><\/h2>\n<p>A huge thanks as well to our Fire Round sponsor FreshBooks.<br \/>\nFreshBooks customers spend less time on paperwork, freeing up <span class=\"tooltips\">2 days per month<\/span> to focus on the work they love. What would you do with that extra time?<\/p>\n<p>Learn more by visiting\u00a0<a href=\"http:\/\/www.freshbooks.com\/pages\/biggerpockets?ref=11568&amp;utm_source=bigger-pockets&amp;utm_medium=podcast&amp;utm_campaign=2015\" target=\"_blank\" rel=\"noopener noreferrer\">FreshBooks<\/a>.<\/p>\n<h2>In This Episode We Cover:<\/h2>\n<p><a href=\"https:\/\/www.biggerpockets.com\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright wp-image-41804\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2013\/04\/BiggerPockets-Podcast-Cover-300-300.jpeg\" alt=\"BiggerPockets-Podcast-Cover 300 300\" width=\"150\" height=\"150\" title=\"\"><\/a><\/p>\n<ul>\n<li>Times when the Syrios family\u00a0has been on the <strong>BP Podcast<\/strong>!<\/li>\n<li>How Bill <strong>got started<\/strong> in investing<\/li>\n<li>What the interest rates were like in <strong>1980<\/strong><\/li>\n<li>What kept him going despite <strong>market crashes and failures<\/strong><\/li>\n<li>How to treat\u00a0your real estate investing as a <strong>business<\/strong><\/li>\n<li>The importance of becoming an expert in a <strong>niche<\/strong> market<\/li>\n<li>How he got\u00a0started investing in <strong>student housing<\/strong><\/li>\n<li>The <strong>pros and cons<\/strong> of student housing<\/li>\n<li>Tips for handling <strong>student\u00a0turnover<\/strong><\/li>\n<li>What you should know about finding a <strong>property manager<\/strong> for these properties<\/li>\n<li>What <strong>Loan Care Services<\/strong> is<\/li>\n<li>How to deal with\u00a0<strong>difficult<\/strong> rental situations<\/li>\n<li>Important <strong>legal restrictions<\/strong> for campus properties<\/li>\n<li>The details on a 48-unit <strong>fraternity house renovation<\/strong><\/li>\n<li>Bill&#8217;s\u00a0current <strong>portfolio<\/strong> and the states he invests in<\/li>\n<li>The concept of <strong>giving over ownership<\/strong><\/li>\n<li><strong>And SO much more!<\/strong><\/li>\n<\/ul>\n<h2>Links from the Show<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/meet\" target=\"_blank\">BiggerPockets Meet<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/forums\" target=\"_blank\" rel=\"noopener noreferrer\">BiggerPockets Forums<\/a><\/li>\n<li><a href=\"\/renewsblog\/2015\/05\/07\/bp-podcast-121-the-ideal-real-estate-investing-with-andrew-and-phillip-syrios\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 121: Creating the IDEAL Real Estate Investing Business with Andrew and Phillip Syrios<\/a><\/li>\n<li><a href=\"https:\/\/www.biggerpockets.com\/real-estate-investing\" target=\"_blank\" rel=\"noopener noreferrer\">Ultimate Beginner&#8217;s Guide to Real Estate Investing<\/a><\/li>\n<li><a href=\"https:\/\/www.airbnb.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Airbnb<\/a><\/li>\n<li><a href=\"\/renewsblog\/2015\/04\/20\/how-to-100000-dollars-year-real-estate\/\" target=\"_blank\" rel=\"noopener noreferrer\">BRRRR Strategy<\/a><\/li>\n<li><a href=\"\/renewsblog\/2015\/03\/12\/bp-podcast-113-becoming-millionaire-real-estate-investor-using-one-thing-with-jay-papasan\/\" target=\"_blank\" rel=\"noopener noreferrer\">BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan<\/a><\/li>\n<\/ul>\n<h2>Books Mentioned in this Show<\/h2>\n<ul>\n<li><em><a href=\"http:\/\/amzn.to\/2a4bT5Q\" target=\"_blank\" rel=\"noopener noreferrer\">The Everything Landlording Book: An All-in-one Guide To Property Management<\/a><\/em> by\u00a0Judy Tremore<\/li>\n<li><a href=\"http:\/\/amzn.to\/2ai36bZ\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Good to Great<\/em><\/a> by Jim Collins<\/li>\n<li><a href=\"http:\/\/amzn.to\/2amrI41\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Built to Last<\/em><\/a> by Jim Collins<\/li>\n<li><a href=\"http:\/\/amzn.to\/2ai47AB\" target=\"_blank\" rel=\"noopener noreferrer\"><em>7 Habits of Highly Effective People<\/em><\/a> by\u00a0Stephen R. Covey<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aCVenP\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The 8th Habit<\/em><\/a> by Stephen R. Covey<\/li>\n<li><a href=\"http:\/\/amzn.to\/2a94r57\" target=\"_blank\" rel=\"noopener noreferrer\"><em>First Things First<\/em><\/a> by Stephen R. Covey<\/li>\n<li><a href=\"http:\/\/amzn.to\/2ati03v\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Millionaire Real Estate Investor<\/em><\/a> by\u00a0Gary Keller<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2ai3RBK\" target=\"_blank\" rel=\"noopener noreferrer\">The ONE Thing<\/a><\/em> by Gary Keller and Jay Papasan<\/li>\n<li><a href=\"http:\/\/amzn.to\/2ams8aF\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Black Swan<\/em><\/a> by\u00a0Nassim Nicholas Taleb<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aCW2cs\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Outliers: The Story of Success<\/em><\/a> by Malcom Gladwell<\/li>\n<li><a href=\"http:\/\/amzn.to\/2ai50Jw\" target=\"_blank\" rel=\"noopener noreferrer\"><em>The Tipping Point<\/em><\/a> by Malcolm Gladwell<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2a95emH\" target=\"_blank\" rel=\"noopener noreferrer\">What Got You Here Won&#8217;t Get You There<\/a><\/em>\u00a0by\u00a0Marshall Goldsmith<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2aCXoE9\" target=\"_blank\" rel=\"noopener noreferrer\">Triggers: Creating Behavior That Lasts<\/a><\/em> by\u00a0Marshall Goldsmith<\/li>\n<li><a href=\"http:\/\/amzn.to\/2aCXITo\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Profit by Investing in Student Housing<\/em><\/a> by\u00a0Michael Zaransky<\/li>\n<li><em><a href=\"http:\/\/amzn.to\/2ai5tLR\" target=\"_blank\" rel=\"noopener noreferrer\">Smart Essentials For College Rentals<\/a><\/em> by\u00a0Dan Gooder Richard<\/li>\n<\/ul>\n<h2>Tweetable Topics:<\/h2>\n<ul>\n<li>&#8220;Even if you only own one property from day one, you treat it as a business.\u201d\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Even%20if%20you%20only%20own%20one%20property%20from%20day%20one,%20you%20treat%20it%20as%20a%20business.%E2%80%9D%20BP%20Podcast%20Show%20140%20biggerpockets.com\/show140\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;Every business, every niche has an obstacle.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22Every%20business,%20every%20niche%20has%20an%20obstacle.%22%20BP%20Podcast%20Show%20140%20biggerpockets.com\/show140\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<li>&#8220;That\u2019s where real estate investing starts\u2014it starts with a great deal.&#8221;\u00a0(<a href=\"https:\/\/twitter.com\/home?status=%22That%E2%80%99s%20where%20real%20estate%20investing%20starts%E2%80%94it%20starts%20with%20a%20great%20deal.%22%20BP%20Podcast%20Show%20140%20biggerpockets.com\/show140\" target=\"_blank\">Tweet This!<\/a>)<\/li>\n<\/ul>\n<h2>Connect with Bill<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.biggerpockets.com\/users\/BillSyrios\" target=\"_blank\" rel=\"noopener noreferrer\">Bill&#8217;s BiggerPockets Profile<\/a><\/li>\n<li><a href=\"\/renewsblog\/author\/AndrewSyrios\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bill&#8217;s son, Andrew&#8217;s BP Blog<\/a> (He&#8217;s the writer!)<\/li>\n<li><a href=\"http:\/\/stewardshipproperties.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Bill&#8217;s Company Website: StewardshipProperties.com<\/a><\/li>\n<li><a href=\"http:\/\/stewardshipcapital.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Another Niche Website: StewardshipCapital<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Real estate investing is a BIG field, and there are hundreds of ways to build wealth. However, according to our guest today, the riches are in the niches! On today\u2019s [&hellip;]<\/p>\n","protected":false},"author":17340,"featured_media":119048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4565],"tags":[],"class_list":["post-74927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-biggerpockets-podcast"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/74927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/17340"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=74927"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/74927\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/119048"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=74927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=74927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=74927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}