How to start rental property business?

Question

Hi everyone, I am a business owner in the international student recruitment space. We help south Asian students to get admissions to universities in the USA. Now, we are considering expanding our services to provide housing services to our students in the USA. Our advantage is that the students are already prescreened and all of them have education loans, so no problem with rent collection. I am a newbie in the real estate industry and looking to buy our first rental property around one of the universities our students join to start with. Could you all please give some inputs I need to keep in mind?

Regards,

Pavan

Regards,

Pavan

Brandon Goldsmith · Answer

Would you plan on buying properties here and there around universities with high enrollment of international students or more of a larger unit for a community-type living? @Pavankumar Reddy Kanjula

Jared Hottle · Answer

This sounds like a great idea! biggest thing in the college community I live in is just making sure you get any rental permit needed with the city and make sure your property is up to their standards. For instance off street parking is a big deal here. Making sure there is one space per bedroom occupied. Aside from that I think property management will be big as this as a little more of a unique situation then a normal college rental so making sure you and them are on the same page.