Investor · Payson, UT · Member since 2016 · 38 posts · 9 votes
Im living in the Payson area of Utah looking to begin investing in rental properties int he Provo/ Orem area since this is a high turnover rate of students and individuals renting. I have begun reading the bigger pockets renting book and listening to the podcast. I am motivated and extremely interested in beginning to invest and manage rentals while working full time. If there is anyone who has experience in this particular region I would love to talk to you and learn from your experience and see if I can help in any way.
@Mahonri Bussey welcome to BP! I'm new too, and also in the Provo area! I'm actually one of those students who currently rents (but plans to change that soon!)...
I've researched the daylights out of the Provo area so I may be able to give you some tips and insights.. Send me a personal message/colleague request if you have any questions and I can try to answer them :)
Something to think about (that I've noticed living here in the thick of it).. The high turnover in rentals is not necessarily a good thing, as turnover mainly means more work filling the units and money out of your pocket if you miss a month of rent due to vacancy.. I've just seen my landlords have to put the sign back up every single summer when all the students go home, whereas other renters might stay longer?? Anyways, we can chat more if you like :) obviously student housing can definitely be lucrative so I don't wanna shoot that down, just give ya some things to think about that I've seen around here :)
Hello @Mahonri Bussey and let me be the first to welcome you to BP. At BP, you can connect with other real estate investors while getting the information you need on real estate. You came to the right place and I wish you all the best. You are not alone in your real estate ambition.
@Mahonri Bussey welcome to BP! I'm new too, and also in the Provo area! I'm actually one of those students who currently rents (but plans to change that soon!)...
I've researched the daylights out of the Provo area so I may be able to give you some tips and insights.. Send me a personal message/colleague request if you have any questions and I can try to answer them :)
Something to think about (that I've noticed living here in the thick of it).. The high turnover in rentals is not necessarily a good thing, as turnover mainly means more work filling the units and money out of your pocket if you miss a month of rent due to vacancy.. I've just seen my landlords have to put the sign back up every single summer when all the students go home, whereas other renters might stay longer?? Anyways, we can chat more if you like :) obviously student housing can definitely be lucrative so I don't wanna shoot that down, just give ya some things to think about that I've seen around here :)
I work in the Provo area. I've got a couple rentals, and manage some rentals. I avoid single student housing because of the extra hassle. There's plenty of demand for family rentals which aren't subject to the seasonality of single students. Let me know if you have any specific questions.