All Forum Posts by: Hayden Haucke

Thanks for the input everyone, I appreciate the feedback. Good point about the student loans and some students being able to pay their lease in full, didn’t think about that. But there are some challenges with the class, especially the property not being large enough to have on-site management, which I feel like would be beneficial for this type of occupancy. Thanks again!

Hello BP,

Looking for insight from investors who have experience in class B & C student housing properties.  There's a value add play I'm considering for an 18 unit class C property in Baton Rouge, and I like the thought of being able to charge rent on a per room basis and that we could require parents/guardians to co-sign the lease with the student.  My concerns with the class are that I suspect tenant turnover is high and that repairs/maintenance would be higher than what they would be renting to non-students. 

Any other aspects/advice (positive & negative) that an experienced investor in this space would give to someone who's considering their first student housing deal?

I work in the insurance industry and can confirm that many property owners of all shapes and sizes decide to “self insure” earthquake. Right or wrong, I do think it’s something property owners should consider and see if they can make the added premium work from a cash flow standpoint. The reason that the premiums are so high is that it’s the biggest threat to destroy the property and your investment. I have some clients that think that they could sell the land and cover their investment if the property were to be destroyed in an earthquake, however I have a lot of reservations about them being able to execute this as if their property is destroyed then chances are all properties in their neighborhood would be destroyed and the value of the land would be negatively affected as a result. If you can make the added premium work from a cash flow standpoint and fund the deductible, but couldn’t handle the alternative which is a large uninsured loss, then I think purchasing the coverage would be worth it. Just my two cents.

Thanks Amy!

Hello Bigger Pockets!  My name is Hayden Haucke and I've been investing in real estate for about 5 years .  I started listening to real estate and financial podcasts about 2 years ago which led me to the BP podcast and then to this site.   My day job is a commercial insurance wholesale broker specializing in hard to place real estate schedules.  Through insuring real estate companies I gained interests in real estate investing and joined Lifestyles Unlimited which helped me do my first buy & hold of a SFD in Plano, TX in 2013.  Since then I've bought 4 more buy & holds, flipped 2 homes, sold 4 of the 5 buy & holds, and have passive investments into various commercial properties including a hotel in Dallas, a new construction of a student housing apartment in Central Texas, a land deal in Austin, TX, and a commercial real estate fund specializing in Class A residential assets in NYC.

I'm looking to continue my real estate education, expand my network base, share my knowledge and experiences with others, and ultimately get into syndicating of my own deals.

Happy to help anyway I can and look forward to getting to know the BP network!

- Hayden Haucke

Hi Dana, Just got to Fox and Hound and the hostess seemed confused on where you all are meeting inside the restaurant. Can you let me know where to meet you all?