Student housing - 4-5 in house

[Robert Clausen]

I have found an opportunity to acquire a property in decent condition, that could be slightly remodeled to house 4-5 students (close to a nursing school). Any pointers or advice on the subject? Anybody else try to enter a market in this fashion? I tried to search the Forum but couldn't find anything...

[Justin R.]

@Robert Clausen

One of my investment regions targets 4 bedroom homes in college areas just for students.. It's been a great model, and definitely the most consistent model in my portfolio.

I can't speak to your location, but in Georgia I'm able to require a twelve month lease, and have parents cosign, and sublease each room. My property manager usually has the students self recruit to fill available rooms ( vetted by property manager of course.) It's been seamless and I'm going to continue in this direction.

Best of luck !