College Rental Properties - 5 Tips to the Best Areas to Buy Your College Rental Property



Posted: Wednesday, December 03, 2008

by
Off Campus Housing USA

1) Small City/Big Town - Not in major cities real estate prices tend to be too high to insure a sufficient cash flow from student rentals. There is too much competition from other buyers driving up the price. In major cities new construction leans more to luxury type buildings which don't fit as student rental property. Big cities what out for rent control.

2) Low Commuter Enrollment - large metropolitan areas draw students from a wide area these student can live with parents and drive or take public transportation to school. Colleges/Universities with low commuter enrollment gives the real estate investor and parents who hold the rental after their student moves on more students to chose from as tenants less competition form parents.

3) Isolated Big Towns & Small Cities - the two Columbia's Columbia MO (University of Missouri) and Columbia SC (University of South Carolina) both cities are excellent for real estate investment. Each have large state Universities, extremely low commuter enrollment, dormitory buildings are short of what is necessary to support the student population and off campus student apartment complexes have long waiting lists. Any other big town/small city with a large state college/university will also work well for the investor and parent.

4) Room to Grow - Big Towns/Small Cities still have room to grow. A good chance to pick up a new construction property without all the maintenance issues of an older property. Major Cities tend to have a limited number or no selection of new properties at reasonable price. These cities will have more upscale or luxury properties that are not cost effective as college rentals.

5) Travel to Campus Walk or Drive - rental real estate within walking distance to campus normally sells at a premium price. Don't get stuck on walking to campus the lower price and rental income of nearby short drive to campus properties can offset your students costs of an automobile. Always compare there still maybe a deal on close to campus properties.
 
 
This Article has been viewed 101 times. (Not updated in real-time.)
No comments yet.
We want your comments! If you can read this, you don't have javascript enabled, so you can't use this comment system. Please enable javascript.