All Forum Posts by: Schuyler R.

Kelly N.
Good to know, thanks!

Tom S.
Thanks for the reply/info. I believe the abundance of apartment complexes catering specifically to college students is what controls that landlord market. There are 6-10 of these 100+ unit complexes that set their leases at Aug 1. - July 31st, which in turn drives the housing rentals to act the same. It might not be out of the question to run a lease that starts June 1, but I would just have to research it more.

Kelly N.
Thanks for the personal examples. Month to month for the summer may be an option to pursue if indeed the market looks to be set at Aug 1 - July 31.

I'm new to real estate investing, but have been reading BP for a month or so now as part of becoming educated about REI.

I live next to a big time college campus with lots and lots of opportunities to buy and rent to college students. Obviously in depth screening/previous landlords/credit checks/good security deposits will be a major part of the process...but let's put that aside for right now.

When would you purchase these properties to rent? In my experience, and from what I hear, it seems that college students here begin to look for their Fall housing in the early February-early April range. That would mean I would need to be closed on a house around the beginning of the year in order to have it on the rental market -- but I also will have to sit on it for a few months of negative cashflow before the lease starts in August.

Anyone run into this problem? Any suggestions on how to minimize negative cashflow between purchase and start of first lease?

Thanks.