Updated almost 5 years ago on . Most recent reply
Student Rental Market
Any investors buying properties in college towns with large universities right now? Curious to explore this space but a little concerned with the future of COVID-related online education and attendance at college campuses. Looking for some advice! Thanks in advance!
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I have about 150 students that rent from me every year and I realize this is anecdotal but I think the student rental armageddon that is being predicted is far from reality. At least in my market in South Carolina.
I'm at 100% occupied and 100% rent paid from my students in 2020. We're also getting the earliest requests we've ever gotten for pre-leasing for the 2021-2022 school year. We're actually signing our first lease this afternoon for a June 2021 start date.
My experience is that college kids 1) desperately want to be on among their friends 2) hate living with their parents. Regardless of whether school is online or not, it will occur and kids would much rather be around their friends than in mom or dad's basement.