All Forum Posts by: Gino Picciola
Gino Picciola has started 4 posts and replied 9 times.
Post: Buying a Campground/Financiancing and updates.

- Investor
- Chicago Land, IL
- Posts 9
- Votes 0
@Kordell Nolan did you end up buying the campground?
Post: How to buy a property with other people’s money

- Investor
- Chicago Land, IL
- Posts 9
- Votes 0
Post: Finding an architect on townhomes built 10 years ago

- Investor
- Chicago Land, IL
- Posts 9
- Votes 0
Post: I am purchasing an 8 unit building in Chicago

- Investor
- Chicago Land, IL
- Posts 9
- Votes 0
Post: I am purchasing an 8 unit building in Chicago

- Investor
- Chicago Land, IL
- Posts 9
- Votes 0
Post: Finding an architect on townhomes built 10 years ago

- Investor
- Chicago Land, IL
- Posts 9
- Votes 0
Post: wanting to rent a 3 bed 2 bath townhome to college students

- Investor
- Chicago Land, IL
- Posts 9
- Votes 0
Originally posted by @Ronald Rohde:
I would just be sure you add the parents as guarantors since the tenants are pretty much judgment proof. You'll have to provide furnished units which may be an additional headache for you.
Yes, I was definitely going to do that. Thanks
Post: wanting to rent a 3 bed 2 bath townhome to college students

- Investor
- Chicago Land, IL
- Posts 9
- Votes 0
Originally posted by @Colleen F.:
There is definitely a season for student rentals to start. I would not think you are in that season now. It is usually late august /early September or June start to the lease. Shopping at least 6 months prior although there is a later surge in students looking. We do both student and non-student rentals but student rentals are different they need more orientation to renting and how things in a house work. Also by the room has common area maintenance issues and if you have 3 or fewer bedrooms it is not to me worth the drama/costs. Who furnishes common area, who maintains it? they are not the cleanest people.
Look on the ISU off campus housing website and the listings there can inform you on the usual terms in your area. If it is like here many places wont be taken down when rented. Also talk to someone renting to students in the area to see if your location is a preferred location. Here the kids have very specific neighborhoods they like to live in.
Thanks. I have joined that website and looked at a few. I see your point with the common area. So should I just try and get 1500 and advertise on the schools sites? I was also wondering about the time frame. When is the best time to have vacant units ready for students?
Post: wanting to rent a 3 bed 2 bath townhome to college students

- Investor
- Chicago Land, IL
- Posts 9
- Votes 0
I have 2 properties in the ISU area (Illinois state) in normal. I have had them for about 10 years and have had the same tenants in them. One of the tenants is falling behind in rent so i will be evicting them. There is no problem with any associations at this property. I am thinking about renting them to college students for 500 p/room. Does anyone have any advice/leases/ or just about anything to help. I have always had these 2 units rented out to families. I have no problem managing regular tenants. I manage about 35 units now. Just looking for some guidance with college rentals. Thanks