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20 May 2024 | 13 replies
This is something to budget for when considering this type of rental.Management Intensity: Managing student rentals can be more hands-on, requiring stricter lease agreements, regular inspections, and sometimes dealing with noise complaints or other issues.Seasonal Vacancy Risk: There’s a risk of vacancies during summer months unless you find tenants who stay year-round or offer summer sublets.Zoning and Regulations: Some college towns have specific zoning laws or regulations regarding student housing, so it’s crucial to be aware of these and ensure your property complies.Tips for Success:Proximity to Campus: Properties close to the university are more desirable and can charge higher rents.Furnishing: Consider offering furnished rentals as students often do not have their own furniture.Strong Lease Agreement: Have a robust lease agreement that includes clauses for damages, noise, and other common issues.Hire a Property Manager: If managing the property becomes too time-consuming, a local property manager with experience in student rentals can be a great asset.Overall, student rentals can be a profitable investment with the right management and location.
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20 May 2024 | 6 replies
Quote from @Bob Smith: HOAsThey can prohibit rentals or impose such crazy regulations you won't be able to rent.They can also change the regulations....I just saw an HOA first try to implement $300/year rental registration.
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22 May 2024 | 19 replies
Understanding the laws and regulations in your state is crucial when it comes to managing your property.
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20 May 2024 | 0 replies
While being a full time college student and a part time boxer I've primarily focused on wholesaling, building a successful business with my best friend that did around $70,000 our first year in the business.Being from Illinois rules and regulations have caused us to pivot from the traditional assignment of contract.
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21 May 2024 | 12 replies
I recommend getting acquainted with the tenant laws and regulations specific to your area.
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21 May 2024 | 33 replies
Competition does a better job of regulating pricing than company transparency in my opinion.
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21 May 2024 | 25 replies
I think Austin is pretty restrictive on STR regulations but that might not apply in your area.
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20 May 2024 | 7 replies
(on the buyer side) or is there some regulation against this?
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21 May 2024 | 13 replies
Airbnb Considerations:For Airbnb, make sure to check local regulations in Tampa regarding short-term rentals.
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19 May 2024 | 15 replies
There are very strict regulations but possible.