Interested in College Station TX
I have an investor that is looking to clear up some assets to invest in the Austin and College station market. He is mainly interested in multi family properties close to a university. I heard that Texas A&M has one of the biggest Campuses in the state.
Does anyone know the average rent for off campus students? And is there any special requirements or students renting off campus?
Most Popular Reply
College Station and Bryan are areas that I have experience in, and are getting great prices for a wide variety of properties. We are steadily getting 3-5% rental price increase per year on the units my company manages. It is all about WHEN you market the property, and HOW you market it. Too many times, I see investors and managers fail at these things, and then feel forced to say that the market is saturated.
I think differently. The market is not saturated, it is CHANGING. If you don't change with it, then you get left behind. You must appeal to the tenant prospects in this area to succeed.