All Forum Posts by: Pete Silan

Hi all

I would like to get your opinion when it comes to renting your college town rental property. 

Do you rent Coed or gender specific sort of majority wins or which gender has stayed longer? 

What is your lease like? 6 months or 1 year basis?

Any advise on which property is better, townhome or condo? Downside and upside? 

thank you in advance. 

Good day all, 

We are looking at our first Rental purchase in either Harrisonburg or Charlottesville area. Our college student will be in one room and the other two for rent. Anyone here has any insight on both markets? Thank you in advance. 

thank you!

@Tim S. Thank you for your input. We currently living on an hoa neighborhood. I could see that if the property is condo. 👍

@Joni Chin those are really good information. Thank you !!!

@Joni Chin

I knew there’s good story out there 🤗. Some investors are advising for me to co signed and let my daughter purchase the property. I am not sure if there is any advantages by doing it this way. Did you purchased the property or you consigned for your kids? I truly appreciate the time and input. Thank you very much

@Sarah Langley I am also on a fence with condo because of the high hoa/ condo fees but it seems that condo is more common around the area. A little cheaper and nicer than buying a single older house. Townhome is more like what we would like to purchase but we have been looking and watching the market in the area. My mom bought a condo back in the 90’s and everyone discouraged her from buying it. She sold it early 2003 for nearly triple the price. Luck and timing 😀. Thanks for the input I appreciate it.

@Jeff Rogers thanks for your input. I will check with a local realtor if this set up breaks any law.

@Todd Flippo thank you for your input. I am leaning towards my daughter being in charge now rather than MC. Thanks

@Alexander Szikla thank you