All Forum Posts by: Will Gaston

@Edward Eustace This contract may be helpful

https://www.islandconnectionsrealty.com/sales-contract-resid...

@Michael Reis what CU do you work for in South Carolina? I invest in Columbia, SC and would love to connect.

 Hey Mike, I’ve been investing in Columbia since 2006. I’ve got loans with 12-13 banks here - happy to connect you to somebody if you’re looking for a local lender.

Who is your property manager? I only manage my own but just curious if you like him/her?

Same here - happy to connect Rob 

I do student rentals near USC (Shandon, Olympia, Five Points, etc)

Will send you a DM

Hey John, where are you looking to build in Columbia? I have done a handful of small projects near USC in the Shandon & Rosewood areas here. I'll send you a DM.

 That's right Dave, lots of good life lessons for everybody!

 Thank you Christian. 

I think of this niche as one with sharp edges. It's great once you know how to navigate the big stuff. Leasing within the school cycle, parents, and turnovers.

@Jake Andronico I appreciate the kind words - thank you.

Where are your student rentals? What has your experience been like?

@Christos Kappatos 

I'm 100% serious:

Lowest expectations wins in college students.

Can't assume they'll read the lease, follow the lease, etc.

(Remember some of them had braces 2-3 years ago)

Their college housing is part of their learning experience. They need a wide berth.

Yes @Colleen F. we do have unrelated ordinance in Columbia, South Carolina

It is 3 per unit in the City but you can have 6 in a duplex, 9 in a triplex, etc.

We also have a demerit system, but not a ton of issues if you're diligent with the City and tenants.

Re: 9 month lease: It is very difficult for tenants to find anything but a 12 month lease in our market. Would be impossible to make numbers work at 9 months with our (insane) property taxes.