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I am finishing up school this year and will likely be moving to a somewhat expensive, college town. I plan on hopefully finding a duplex and house hacking within the first year of moving.
I know that student rentals are usually not the full year? How do you manage the extra vacancy? Potential damages? Ect? I’m thinking this could be a good niche, but am unfamiliar. Thank you
Personally I am not a big fan of being heavily vested in a college town. You are subject to their decisions , colleges are on the decline and it falls into niche investing. If you want to be a whale that’s different but for the average investor there is additional risk. If the college decides to build a new set of dorms or alter campus areas that shift where students want to live, you have to make sure you cash flow as a regular rental.
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- 11 months ago
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