Renting to short term construction workers

[Bryan DeSellem]

Hi All,

That might not be the best title for this question. I work for a large utility company and have been involved in a couple of facilities that were being built/commissioned. I have noticed during these large construction projects rent in the area skyrockets and nearly every rental is full, however this is only temporary (2 to 3 years). I’ve seen this where I’ve lived in Ohio, Virginia, and now Maryland. Back then I wasn’t involved in real estate at all but now that I am I wonder if that’s a opportunity I should take advantage of or steer clear of. Anyone out there that has been involved in such a market? And what was your experience?

Thanks in advance,

An Ambitious Newbie

[Bryan DeSellem]

@Remington Lyman

Thanks for the advice Remington. I see this opportunity in several locations and when the projects kick off they brings in several hundred contractors. While their companies pay them per diem which allows you to charge higher rent the contractors also notoriously damage the property they stay in.