All Forum Posts by: Mason Hickman

@Rick Domico

With a 4 bedroom house, college rentals can be a good way to get higher rents than a single family renting it out, depending on the market. I would just make sure you get the parents to co-sign for the property because the students most likely won't be paying for it on their own and won't have much credit and it gives you more coverage with multiple co-signors.

@Jeff Lehman

I have used a service called Resident Research that does all of these at an affordable price. I've been happy with the results but cannot speak to the companies you're asking about. 

Good Luck!

@David Hulit

Can you post a link, please?

@Paul Sandhu

Our oldest was built in 1850; we still find fun quirks as we continue to refresh the place!

@Alex Musyoka

If you’re looking for a broad overview of a town, try out bestplaces.net as a starting point. Niche.com can also be useful but I’m not sure it has crime stats.

@Leland James

Is there a closet in the “fourth bedroom”? I have seen these types of rooms without a closet marketed as “dens” in the past. No electricity is odd though.....

@John Underwood

@Adrian Akerman

I agree that the more specific you can be, the better off you’ll be. With that said, I would add in the actual amount that would be returned and make note that this is only for the first renewal, meaning subsequent lease renewals will not warrant you return 1/2 of the remaining security deposit, etc.

@David Hulit

Thanks for sharing the information on this program. Did you read the bill and the language inside it and if there will be asset or income stipulations? I’m trying to find a copy of the entire bill online but have not been able to find one easily.

@Connor Manning

Hi Connor. I'm here in Sandwich and my March and April rentals have cancelled and I haven't had any inquiries or bookings for summer in the past three weeks. I would assume conservatively that the summer is going to be very slow or non-existent for you. Are you buying the property with any rentals already booked for the season?

@Tyler Frost

It's worth finding out if the agent needs to pay his broker for "personal deals." When I was an agent with United Real Estate, it was a small fixed fee for representing ourselves when selling our own personal deals. Therefore, there was no need to have a percentage of the sale price as a commission for the listing agent. I would take the broker's portion off the top and then split the profit of the deal equally. 

One other thing you should keep in mind: agent will also get a portion of the commission when you initially buy the property if you're finding the deal using the MLS. Make sure you factor that into the overall profitability of the deal so you get your half!