All Forum Posts by: Gaetano Ciambriello

If you are going to stay in San Diego for the next 10-15 years, then stay patient and get aggressive when a deal comes up that makes sense. And I mean really aggressive to make sure you win it.

I've looked at every purchase saying, will I be happy that I bought this in 15 years, even if I have to pay a bit more for it today or the payment is a bit higher than I would like. (This assumes you have reserves and $$ to pay for it).

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San Diego, California

100% go with one lease to a group instead of individual leases to four different students.

If you get one lease, you get to collect one rent payment. Each student is then responsible if one of them drops out and they likely will not do that because of peer pressure. If you put them on separate leases, there is a higher chance you will not collect 100% of the rent.

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@Samuel Eddinger spot on. Real estate advantages come from long term holds. Tax benefits + getting a 30 year fixed rate and letting the amortization schedule do its thing in years 20-30.

Buy in an area that you would live in with your kids and hold for a long time.

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I think condos are an awful investment, especially for your first property.

You have no control over your HOA and any special assessments.

I would start with a multi-family or single-family with an ADU. Leverage a low down-payment in a property that has higher cash flow opportunities.

1 Vote

Hi @Matthew Bellino I would be happy to chat with you. Shoot me a DM and we can chat further!

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Waterbury, Connecticut

Hi @Yvonne Wang! I have an office in Old City (Center City) and invest in student rentals (175 student beds).

I would be happy to connect with you on a gameplan to build your portfolio and getting pre-approved!

@Alan Asriants

1 Vote

Philadelphia, Pennsylvania

Quote from @Christos Kappatos:

Quote from @Dave Poeppelmeier:

Quote from @Christos Kappatos:

I just listed my property! (On Zillow) Have had a lot of interest (staying very competitive with the market rents) but sooo many people seem to never read the darn post!
I have clearly mentioned a few times that all parties need to submit an application that must be approved before any showings can happen but people keep requesting showings 😐. Any tips to mitigate this for student rentals, or is it part of the game?

LOLOLOLOLOL, welcome to Student Rentals my friend. No, Zillow is a crap show but a necessary evil. I literally do the same thing: I don't waste my time showing someone a house that they're not going to qualify for, if they even show up for the showing. People see a pretty house (or any house) and simply click the "Schedule a showing" or "Request an application" box. I even have "NOT AVAILABLE UNTIL AUGUST 1ST" as the first sentence in the description. Can people do an application online somewhere on your website or PM software? I also stopped taking Zillow applications. Just fill out your Saved Reply, send it to every person who inquires so you stay good with Fair Housing, and the ones that are truly interested (and have a prayer at qualifying) will fill out the application and pay the fee. Best of luck, and no you're not going crazy. 😉

haha, thanks Dave. It's crazy how many people just don't READ! Your saved reply, is it just a list of questions, or do you link them to a separate application process?

Also, I have a few applicants who live in student housing. I have never had to call student housing to verify their previous residence. Is that the same as calling any other apartment or landlord?

The only people who read the lease are the crazy parents who redline items and send it back thinking we now want to rent to them after being such a PIA.

1 Vote

Quote from @Mario B.:

Hey @Gaetano Ciambriello how do you recommend getting visibility with student housing? I have a client that just closed on a 3 family in Danbury and has an incredible 2 bed 2 full bath for rent. I saw Western is right down the St. I'm also trying to see if I can get them on a mobile nurse list, another great demographic that's short term and will pay a premium. Thanks in advance!

Hi @Mario B.! Have them visit campus and talk to Res Life, ask them for help. Check out websites such as Jump Off Campus.

0 Votes

All Forum Posts by: Gaetano Ciambriello

Gaetano Ciambriello has started 16 posts and replied 265 times.

Post: Local meet ups - South Jersey/Central Jersey/North Jersey

Post: Local meet ups - South Jersey/Central Jersey/North Jersey

Post: House Hacking in San Diego

Post: Student Housing Units

Post: Best & Worst Markets in CT

Post: Condo as a First Investment?

Post: Home Equity Loan

Post: Philadelphia lender recommendations

Post: Nearing 1,000 College Student Tenants: Here's what I've Learned

Post: Student Housing PROs and CONs