Texas A&M College Station Rental

[Ben Hann]

My son just got accepted to the Blinn Team program through Texas A&M in College Station starting Fall 2019.  I'm considering buying a 4 bed condo for him to live, and rent out the other 3 bedrooms.  Does anyone have any experience in this market?  Pros/cons, advice, contacts, etc.  Thank you.

[John Franklin]

SH Rental rates have been under pressure over the past 1-2 years due to the massive overbuilding of new student housing at A&M.

I’ve worked with major developers on new student housing projects projects there since 2008.  Last year A&M was considered the second most overbuilt school in The country for student housing, with more beds available than enrollment supported.

Because of this rental rates are softer and vacancies are up.  

I think that makes for an excellent buying opportunity now since this condition will stabilize eventually and rents, occupancy and prices will increase.  

I’ve got a son going there in 20 so I’m looking there as well!  

One word of caution, the latest student housing developments are amenity rich with hi tech everything. The look like a cross between 4 star hotel and health spa.

Today’s college student expects a lot more out of their rental home and landlord than those of my generation.  Expect to spend more on location, finishes, fixtures and appliances if you want better rents.

Would appreciate @Chris Quinn perspective on market conditions and pricing as well.  I’ve seen several four plexes for sale with 25-50% vacancy mid semester.  Of course they were class C at best.