All Forum Posts by: Yu Liu

@Charles Kennedy Thanks for sharing and congratulations on this feat. This serves as an inspiration for us still in Tally and beyond. Keep up the awesome job!

FSU is very much a party school and from my perspective, that means students want to come and live near campus. The amount of school spirit generated by the sports culture is huge. I do not think you will have any issue renting out to students as long as everyone is still wanting to come by not just to learn but have a good time. Just my two cents

Thanks so much for the wealth of information you just supplied @Charles Kennedy

@Jt Marting I just bought my first rental property and I think you can definitely find cash flowing properties especially around the jackson bluff areas and western FSU areas. The properties are kind of old and beat up but they rent a 4 bed/2 ba for around $1200-$1600 in that area so assuming you find a 4/2 and live in one and rent the other 3 where they pay you $400 per room a month, assuming you bought it for $150K or around that ball park, you would still be essentially living free with maybe some amount extra in cash flow. Please do your due diligence but it is very possible to find cash flowing properties in that market and you're still young. The amount of knowledge and experience you can gain from this will help tremendously later on. Feel free to connect and let me know any other questions you might have

Does anyone own and rent out to students in the FSU or FL college areas? I am in Tallahassee and wanted to rent one of my homes near the college areas to students and wanted some advice and tips. I know the general tips such as having parents co-sign and having a cleaner or someone checks in every 4 months or so to make sure the property is being maintained but wanted to see if there were others, especially in my local area.

Should I rent out by the room or rent the entire place out and have a designated lead that responds to me? What are some things to keep in mind? How do I structure the lease? What are the best ways to advertise or what has been your best success for finding good tenants in this market?

Thanks for any advice

That's awesome. Curious, how were you able to only invest $25K of your own money in this? Through partners?

That is insane. Thanks for sharing your story, I also had to deal with an eviction in the Bronx and it was not a pleasant experience. Hope things have been great for you recently. 

Hey Dean, hope you're well. I haven't hired any property management here but I've talked to someone from rent with integrity (Jason I believe was the name) and he seemed very friendly and knowledgeable. 

@Lowell "Champ" Crawford wondering if you were able to find some good handyman and contractors

@Warren Mitchell wanted to ask how your STR experience has been in this past year. @Mark Collins did you end up getting something in Windsor Hill?

Happy Holidays! Goals are definitely to do a BRRRR or long term rental to get some skin in the game