All Forum Posts by: Kesha Hamilton

@Kesha Hamilton while there are some services that try to market to certain industries most of us just market to them all. Meaning, using a STR site like VRBO in addition to a STR site like funishfinder.com Just use them all and maximize your income. Don't limit yourself to just one method here. That's what I would recommend.

Hi Kesha! I can help.   I'll send you a PM.  

Quote from @Kesha Hamilton:

Does anyone have a reliable transactional funding company they can recommend for TN?

Good afternoon @Kesha Hamilton, please check with Wholesalers Transactional Funding.

I’d love to help out. I can’t put the website here but it’s in my signature.  I’m actually about to jump in the car and head to TN with my wife and friends from Atlanta 😁😁

https://www.doubleclose.com/

Hi Moses,

It would be good if one of your investors has invested in student housing before and it would be great if they've invested at the university that you're targeting.  I've been investing in student housing for 24 years and throughout the years the student's top needs/requirements continue to change so you always need to be ahead of the game to keep your properties in demand.   I've mentored investors in student housing... these were seasoned investors, but didn't understand the rental process, leases, etc and they would have been 0% occupied because they were applying "normal" rental processes instead of targeting students... that's why it's important to have someone that's been investing in student rentals on your team.  Each university is different, some have 12 month leases, some 9 months.  Most have the parents sign a guarantor agreement.  Some have individual leases for each tenant, some have 1 lease for all tenants.  In larger universities, you tend to see more amenities because the larger institutions invest there and some are building apts that look like 4-5 star hotels.  At these locations, some students don't mind to drive if they're getting all these amenities.  In smaller universities, you won't see the big players, so there aren't as many amenities, so location is real important.  Where I invest.. rents can vary from 1 block from campus vs 5 blocks to campus.   We're almost finished building a 28 unit apt building directly across the street from campus.  We finish them out with stainless steel appliances, granite, vinyl plank floors, etc.  Feel free to ask any questions...

This is a pretty broad question without having a precise side by side comparison of two precise investments. Ultimately, the answer lies in the combo of the financials, the risk factors and the sponsor. One may kick off higher IRR, but it may coincide with higher risk or a less experienced operator (or both) as it would be.
I would start with the operator decision and then go with the deal that fits for you and your goals. Not everybodys' goals are the same.