All Forum Posts by: Asi L.

@Carleton C. and @Kelly N. thanks for great answers, I've learned a lot and you guys actually said similar things.

I just purchased a unit with a student tenant I would like to replace and I think I should start looking for new tenant real soon after I will finalize the my plan.

My property is located in city center and the building has great demand for student, mainly international students.

How would you change your answer if you need to plan for both local and international student tenants?

Thanks

@Brian Van Pelt thanks for the answer!

Do you have any experience letting to international students? would love to hear your thoughts on this matter as well

Hi

My apartment is located in a city center near big university with lots of overseas students so the tenant pool is students based.

I know that there's a high turnaround and would like to minimize it as much as I can.

I would like to hear from the experienced what are the best practices for renting to students.

Questions that I have in mind are:

1 - best period to look for new tenant

2 - best practices on how to screen students to find the best tenant?

3 - what facilities in the apartment are most important for students?

4 - what's the average rent period for students? what ways to max this period?

Would you let to students? or looking for long term rent such as families?

Thanks

I agree that it's a mix but positive cash flow is a must.

What advise you have on loan length?

the longest the better?

@Mike McCarthy sure thing, I was referring to B | C location with A | B unit.

I think that we all agree on positive cash flow per unit when the unit is in good location and in good quality.

Hi there,

Most of the forum members are from the US and I would like to know how many of you invest out of the country?

Would also like to know what's your top performing location and what you think will be the next location with the deepest RE price drop in the near future due to covid 19?

Thanks

@Joe Villeneuve again I must say that you're right, now things fell in place after I have some understanding how this game is played and I know for sure that I won't be using more than the DP for my next unit.

I will filter deals by positive cash flow per unit and maximize this value as much as I can.

as I said before, I do long distance investing as prices are at peak where I live, I keep an eye on the market value nowadays especially due to covid-19.

@Kenneth Garrett Thanks, this makes sense I believe when you manage the unit by yourself.

Things get a bit harder for me as I do long distance investment and I'm not a US resident.

I certainly need to sharpen my plan and this is my top priority at the moment.

@Mike McCarthy you're right, I will look at the numbers and decide if it's worth the refinancing.

As a rule of thumb you would consider to purchase a unit that generates positive cash flow from day one not taking into account your total portfolio?

I totally agree with you now after exploring further the RE world by reading books and follow related online resources.