Updated over 5 years ago on . Most recent reply
Questions About College Rentals
Hello, to start off I would like to say I am a complete newbie looking to get into this real estate game. I currently live near a college heavy area and was wondering what peoples thoughts and expirences are with buying and managing rentals properties in these type of areas. I know from personal experience that college students, men and women lack the mind set of taking care of things. Between general cleanliness, throwing parties and overall lack of care for other people and there belongings. The big questions are,is it worth investing in my immediate area, what percent of CoC ROI should I be aiming for in these markets, is there a lot more vacancy turnover or do tenants tend to stay in the properties for their full 2-4 years for schooling. Any information or articles you have to share pertaining to this topic would be greatly appreciated. If this has already been discussed multiple times I apologize. Thank you in advance.