Fort Worth Rental Market Help: Agents/Property Managers
Hey, my wife & I are Dallas based, we currently own 5 rentals in Minneapolis but are looking to diversify with a rental in Fort Worth Area and looking for recommendations from any agents/investors on the area. Current thinking is student rentals close to TCU seem to have the most attractive cash flow but appreciate any feedback.
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Investing around TCU in "student housing" comes up a lot in conversations. But I have only met one investor that has made it work there. Students want to live in very specific areas. In very specific kinds of houses. Most of the properties marketed as TCU area are not in those locations. But really just kinda near campus. Which means they are low income houses being marketed to novice investors as TCU student housing at inflated prices. I have seen this happen many times.
Investing in student houses looks great on the surface. But the turn over and wear/tear of the property hurts cashflow. Then if you don't get it leased up in that specific window of time...it just sits empty during the semester.
Personally, I prefer long term tenants in 3 bed, 2 bath homes in B class neighborhoods.
- Kyle Mccaw
