University Property Rentals Explained

1. The property should be located near a school with a low bed-to-student ratio.

The national average school-owned housing capacity is 30.12 percent of the total student population, which means almost 70 percent of college students need to find some type of off-campus living quarters.

2.Think public, not private.

Private universities tend to apply greater restrictions on housing and may even require students to live on campus. Housing for public university students will usually make more economic sense.

3. Avoid schools located in large cities.

These schools have a significant number of part-time studentsand commuters who don't need housing.

4. Approach areas with a substantial amount of new construction and an abundance of property opportunities with caution.

Invest in areas where property is hard to come by too many owners wanting to sell at the same time could be an indication that they are having difficulty finding tenants.

5. Be sure your projections of income are true.

Be thorough in calculating your estimated net operating income; don't overlook any potential source of income or expense.

What to do With Them

A large University typically does not have enough housing for their student populations especially in smaller towns.

This is a huge possibility for the beginner, novice, or seasoned veteran.

There can be problems, but with any rental there can be problems.

Universities are a constant source of rental income.

With some good management you can make money for ten months and then fix up your rental property the other two months and never even think about the problems because your counting the money.

If you consider that most students housing is expensive, but covered by the student loans, the student rarely if ever thinks about the payments he makes.

If you can find decent houses then turn them into bed and breakfast style homes for students, you will be rich off the income.

Usually in every University Town there is section that has the student housing, and usually there are quite a few Investors raking in money by renting to students.

Try contacting a couple to see if they have any properties they would be willing to sell or lease.

Ask them about the area, most Investors will be honest with you.

Or go to the real estate Agent and see if there is someone who was a small investor and tired of dealing with student renters.

There are many ways to get your first foothold in this market.

Once your there making money the rest will take care of itself.

If you rent out a six-bedroom home for $250 a month per bedroom, this is an income of $1500 a month.

You will want to get duplexes and make every room into a bedroom to increase your monthly income, but start small then work up.