All Forum Posts by: Will Gaston

@Alon A. where in Columbia are you looking?

 Thanks Dave!

Jarret, this thread may be beneficial Nearing 1,000 College Students: Here's What I've Learned

@Travis Reed this thread may be helpful: Nearing 1,000 College Students: Here's What I've Learned

The TL; DR version is this.

Financials are strong. But a lot more work.

@David Tropea my portfolio is only at 1 school (University of South Carolina) but the likely answer is yes. Especially for larger state schools w/ big enrollments.

FWIW I wouldn't work with a PM unless they specialized in student rentals. It's a lot different than managing/leasing market rate housing.

@David Tropea

this thread may be helpful: Nearing 1,000 College Students: Here's What I've Learned

@Harsh Patel this thread on student rentals may be helpful:

Nearing 1,000 College Students: Here's What I've Learned

@Jewel B. I tried furnishing a few times in 2019. It was disaster.

Way too much work for limited upside. Kids are pretty picky about what kind of stuff they want. Plus trying to figure out and/or deal w/ damage on furniture is a nightmare.

@Michael Plante my tenants pay monthly (although I have heard of others in various markets charging by the semester or year)

@Andrew R. Lucas in Columbia, SC

@Yarin G. for property management, I like Cantey & Company. Billy is the BIC and is great dude.

@Gilda VanderHeyden I've got loans w/ 12-13 banks in Columbia, but I think most (if not all) are sensitive to where the borrower lives. They don't love lending to ppl outside of their footprint, which is mostly in South Carolina. 

DM some more info on you/the property (DSCR / occupancy/ LTV specifically) and I'll try and point you in the right direction.