Rental Properties Near WI University

[Bryan Edwards]

Looking for some advice/thoughts from those who may be familiar with buying rentals that are near a college/university campus.  I am evaluating some properties in a nearby city (Oshkosh, WI) that surround the state university campus.

With being a first-time investor, I have a ton of questions to ask before I feel confident.   What are some things to consider that may be unique to buying this type of rental?

[Ralph Poirier]

Obviously you need to make sure that kids are renting in that area.  I rent in Columbia SC (Go Cocks!) they tend to rent south of the university.  Second and as important Parent Guarantee!  I try to build a good relationship with my renters.  Make sure that they understand it's my house and if they take care of it I will take care of them.  I rent to a group so if one of them graduates/doesn't return the next year they need to fill the room or none of them get renewed.  I use only one year leases and I lease to each student so it doesn't create friction with the roommates if someone is late (same with the utilities).  Good luck!