Tallahassee Rental Market

[Michael Clippinger]

Hi,

I am an out of town investor (Maryland/Virginia) with a townhouse in Tallahassee, purchased for my son who was a student at FSU.  I am now looking at purchasing additional properties and was interested in networking with other investors in the Tallahassee area.  I am looking specifically at some properties in Frenchtown area (within a block or two to campus).  I'd be interested in hearing some local perspectives on that area and in the Tallahassee student rental market in general.  I know there are a lot of new student housing units coming to market, so am somewhat concerned, but proximity to campus still makes the properties desirable, as there will always be students looking for affordable units close to campus.  Any insights or perspectives would be much appreciated.

Mike

[Kurtis R.]

I grew up in Tallahassee, and went to FSU. While frenchtown is right next to campus, you have to be careful. If you go farther north than Brevard st you get into some pretty rough areas fairly quickly. They are trying to revitalize the area but that takes time. As a parent I wouldn't want my kid living in that area.  Just my $.02