When to buy Student housing rental property
Hi,
Im interested in buying Student housing rental property.
I’ve read that," I should buy my property so it coincides with the start of the fall semester as there will be more potential tenants looking at that time." Since I’ll be missing this coming fall does that mean I should not starting looking till close to the next fall semester?
But upon doing some research of when schools recommend, kids should start looking for housing the general rule of thumb seemed to be “If your school is in area where off-campus housing is limited, you may want to start a little earlier, maybe in November or December. If you live in an area where housing is pretty plentiful, you may be able to wait until January or even February. “
From this I would think that I should start looking now in hopes of maybe finding something and fixing it up by November or December when kids start looking with the possibility it will be empty till the coming fall.
Id love to get any feedback.
Much thanks in advance,
johanna