Student Housing

[Vince Futia]

Hello to all;

I'm a newbie to BP. I'm expanding my portfolio to holdings of real-estate. I have had several years of experience in student housing (the paying side). Would like to hear from those who deal in this niche and learn a few tricks of the trade to be better successful. Tibit: my son will be one of the renters with 6 other ROTC cadets. So I'm trying to create an all inclusive price..good idea? I'm located in the NE

Any info you can pass along would help me become more successful, I appreciate it.

Thanks so much

Vince

[Paul Timmins]

@Vince Futia 

Student housing 2-4 times the rent. A buddy controls 130 beds she told me...

Utilities, cable, internet are included

Keep them out of the basement

She has someone clean the common areas 2 x a month she can document any damage during the cleaning

Solid contract she has the parents guarantee

No locks on the bedroom doors

Auto deduct means she can reconcile 130 rents every month in 5 minutes

Paul