Hey @Ravi Bodepudi. From my experience, the University of Akron rental market has all but dried up based on all of the new student housing that has been built by the University. As far as SFH in the South Akron area for student rentals goes, they are not demanding the rents that they were. Students have many other options now because of all the new housing available.
Don't get me wrong though. Rents are still strong in the area, but are more to the market rather than out of necessity for students.
@Ravi BodepudiI do not invest in them, but know a couple of people who do. One guy focuses on the student rentals exclusively and lives off that income. Yes they are mixed into the neighborhood there. Yes you will have more management time, maintenance expense, and crime in the area. The price point is more accessible for most people, with the per unit cost being lower than average. Rents compensate for many of the risks, if you are willing to handle the turnover and issues that come with those type of rentals.
The demand is there, due to the University, but I cannot speak to the supply. This is not my target area and I only hear of experiences in passing.
Hey @Ravi Bodepudi. From my experience, the University of Akron rental market has all but dried up based on all of the new student housing that has been built by the University. As far as SFH in the South Akron area for student rentals goes, they are not demanding the rents that they were. Students have many other options now because of all the new housing available.
Don't get me wrong though. Rents are still strong in the area, but are more to the market rather than out of necessity for students.
@Ravi Bodepudi - I have some friends from my local church that invest in this market. They focus on houses that need a little work and they focus on the bedrooms, bathrooms, and kitchens in order to drive female renters, which typically take better care of the rental properties. I'd be happy to chat and am looking to invest in people that have the drive and interest to do good in their communities.