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20 May 2024 | 1 reply
I'm looking into getting a Pro membership through the BiggerPockets podcast, and I'm researching the property management software they offer.
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20 May 2024 | 2 replies
There is already several offers from solar lease companies to lease a portion of the property.
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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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21 May 2024 | 8 replies
It seems like there hasn't been much discussion about new residential construction projects and the opportunities they offer.
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21 May 2024 | 1 reply
This trend has fueled demand for rental properties, particularly in urban areas and multifamily developments, prompting investors and developers to focus on rental housing options tailored to Millennial preferences.Desire for Community and Shared Amenities: Millennials value experiences over possessions and seek communities that offer social interaction, connectivity, and shared amenities.
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20 May 2024 | 14 replies
Before I put a offer in I looked to see if there were any open permits, there were none.
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21 May 2024 | 3 replies
If so, they can't offer 1/2 a month of rent to other agents, so no point in putting it on the MLS.Several of our Detroit market competitors play the same game on cheap owners.
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20 May 2024 | 7 replies
I told them I didn't want to do the consortium deal, so they offered me another one where I would need to pay a 30k USD down payment and have an EIGHT PERCENT INTEREST RATE.
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16 May 2024 | 5 replies
Hello all, I am curious if anyone has worked with Verivest with their fund creation consulting offering?
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20 May 2024 | 121 replies
We have had one break in in the three years I have owned the facility and it was a hassle and headache but from a legal standpoint, I have no legal liability for the customers' belongings.