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Updated over 9 years ago on . Most recent reply
Student housing
Currently a college student and planning on acquiring first multifamily investment in 2015 with a business partner in Rhode Island. Niche model would be student housing since we some of the top colleges in RI from Brown University, Rhode Island college and Providence College and many other ones not listed.
Question?:
1. Whats the best link on bigger pockets on student housing and the mechanic of that niche?.
2. Legally how do I protect myself as much as possible, I know sometimes as a student some student party or damage or crime or etc happens at the property.
3. What solutions or things you have learned in student housing to investing you wish you knew?
Most Popular Reply
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Abou,
What type of multi family are you getting into?
The college market is a niche but I think there are sub-niches within the college market.
Do you know what types of students you want to market toward?
I haven't found any student housing specific links but would also be interested in hearing where others who are into student housing post.
A good property manager will be the key to your success as you grow. More specifically, one who is very familiar with student housing. Initially you will be able to take care of all the necessities but keep your ears open regarding quality property managers.
There are several opinions on legal protection. As you start out, my opinion is that you take out an insurance policy in addition to the property policy.
PM me with any questions. I enjoy discussing this stuff and will be happy to toss in my two cents.