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Updated over 16 years ago on . Most recent reply

Peter J's profile image
Peter J's profile image
Peter J
  • Banker
  • from Des Moines, Iowa
  • Member since Oct 31, 2008
Connect

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21
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Peter J's profile image
Peter J's profile image
Peter J
  • Banker
  • from Des Moines, Iowa
  • Member since Oct 31, 2008
Connect
Peter J
  • Banker
  • Des Moines, IA
0
Votes |
21
Posts
General Landlording & Rental Properties

Rental in college campus area

Peter J
  • Banker
  • Des Moines, IA
Posted

What has been your experience with renting to college students in a highly student dominated area?

I found a property that actually meets the 50% rule but it needs about $50k in repairs first. Listed at $35k + $50k repaits = $85k but gross rents are $2100.

Let me know if there is significantly more risk in renting to college students because of the turnover and possible damage.

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