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Updated over 9 years ago on . Most recent reply

User Stats

38
Posts
2
Votes
Adam T. Veitenheimer
  • Cinnaminson, NJ
2
Votes |
38
Posts

College Students as Lessees'

Adam T. Veitenheimer
  • Cinnaminson, NJ
Posted

I am new so bare with me; first actual post.

I am looking to invest in multifamily properties located in a major city adjacent to a major college. The properties are within 4-5 blocks from the school itself. These properties are setup anywhere from 3 units to 7 units depending on the property. 

So my question is tenant placement. Obviously I want to follow the fair housing act however if I wanted to focus on tenants from the school itself how would I go about this? Is there a way to dedicate property to a specific college but still maintain full ownership? And if so how would I go about contacting the school?

I apologize if this was answered elsewhere, I could not find a similar posting.

Thanks in Advance!

Most Popular Reply

User Stats

102
Posts
37
Votes
Parker Detweiler
  • Investor
  • Bonita Springs, FL
37
Votes |
102
Posts
Parker Detweiler
  • Investor
  • Bonita Springs, FL
Replied

I only rent to college students and require a parental guarantor with all tenants. I rent by the unit not by the bedroom and because of the target markets my rents are so high that a family would not rent from any of my properties due to sheer cost. I do not require you to be a college student, however I require a parental guarantor regardless of financial position which makes it even more targeted. 

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