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All Forum Posts by: Mikhail Shapiro

Mikhail Shapiro has started 2 posts and replied 3 times.

Thanks for the feedback! That's a very interesting take on looking at grades to assess risk, not a bad idea at all as there is likely strong correlation (not always but certainly often). Just wondering if there are any legal challenges surrounding discrimination risk. On the surface it doesn't seem like there should be, almost similar to asking for references. Thanks!

I'm looking to potentially start focusing on purchasing properties to rent out in a college dense market. The vacancy rate in my area is less than 2%, which is fantastic, but a lot of this is due to demand from the 6+ colleges within a 15 minutes drive time. 

I understand the general pros and cons of operating in these markets, pros being built-in market demand, often higher yield in rental income and often charging premiums on shorter term leases. Cons being that often college kids live more recklessly and may cause more damage and issues with neighbors.

I would love to hear thoughts from people who have been landlords before in these types of markets. 


Thanks!

    Bigger Pockets Community!

    I'm a novice investor in the CT area. I've flipped in the past and am looking to get into the BRRRR method long term once foreclosures start hitting the market. I've enjoyed learning from BP and have finally decided to become a pro member.

    My business partner and I are working on a startup company that is looking to make the "landlording process" simpler and more profitable in all facets, finding tenants, rent collection, property management, etc....

    If all you folks in this community that are Landlords (current or former) or Property Managers can spare 30 seconds to take a quick survey to help, It would be greatly appreciated. 

    Landlord/Property Management Data Survey

    Thanks!

    Mike S