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Wed
15
Jun
admin's picture

Basics of Student Housing

Basics of Student Housing

Student housing can be one of the most profitable niches of buy and hold real estate around. But of course, that’s only if you know what you’re doing. 

Student housing comes with two major advantages that should attract investors:

Advantage 1

Higher Rents: Students will generally pay a premium since they rent by the bedroom rather than by the house, as a family would.

Advantage 2

Almost Guaranteed Rents: By requiring a cosigner from each student’s parents, it’s highly unlikely that you will lose out on any rents or damages.

Unfortunately, like with all good things, there are also disadvantages:

Disadvantage 1

Annual Turnover: Unlike with other rentals, most students will leave every year requiring you to release the unit annually.

Disadvantage 2

Fri
10
Jun
admin's picture

Dupre + Scott Video Report: Even A Troll's Toll Won't Slow the Flow

Even A Troll's Toll Won't Slow the Flow

The Puget Sound region keeps adding jobs and people keep moving here. How many? Here's quick look at migration trends into the region through the end of May based on driver license data from the state.

Mon
06
Jun
Matt Easton's picture

3 Ways SEO Can Supercharge Your Student Housing Properties

3 Ways SEO Can Supercharge Your Student Housing Properties

3 Ways SEO Can Supercharge Your Student Housing Properties

As a leader in SEO and online apartment marketing, I have worked with hundreds of student housing properties and portfolios over the years. Whenever a university community calls MultiFamily Traffic, they always have the same problems for us to fix.

1.The phones in the leasing office are not ringing

2.The property has become occupied only with students, with little or no non-student renters, the property is one step away from becoming a frat-house.

Mon
06
Jun
EllenCalmas's picture

How Well Do You Know Your Residents?

how well do you know your residents?

How well do you know your residents?

Even the best screening reports cannot tell you if your residents will pay on time.

By Ellen Calmas

How well do you know your residents?

Rental residents' applicants come in all shapes and sizes. They’re young, old and ages in between.

On average, there are about 15 percent more women than men, while based on the location of a community, the ethnic mix and type of employment may vary.

Mon
23
May
Kevin Guz's picture

How I Bought My First Rental Duplex On My Lunch Hour

How I bought my first rental duplex on my lunch hour blog by Kevin Guz

Many find it hard to buy rental property while holding down a full-time job.

Kevin Guz who now owns a HomeVestors franchise in Dallas tells the story of how he got started on his lunch hour.

By Kevin Guz

For many part-time investors or investors embarking on that first rental investment property purchase the easiest excuse is, “I don’t have time.”

If you have the desire to purchase investment real estate, and you are already involved in your career -  you have a great full-time job or full-time passion and career – that is not an excuse that that should keep you from also pursuing your passion of owning investment real estate.

Don’t let the time factor hold you back.

Fri
20
May
admin's picture

REI2Day: Overtime, Crowdfunding and Zombies

REI2Day: Overtime, Crowdfunding and Zombies

REI2Day: Overtime, Crowdfunding and Zombies

DOL Issues New Overtime Rules

This week President Obama and the U.S. Department of Labor announced the publication of the Department’s final rule updating overtime regulations.  The new rules go into effect December 1, 2016 and cover who is and is not exempt from overtime pay within certain categories of employees.  Click here to read more.

 

Housing Starts Up 6.6% in April

Fri
20
May
EllenCalmas's picture

Second Chance Renters: Targeting Tenants With Less Than Perfect Rental History

Second chance renters and why they are important to our buisness

Targeting Second Chance Renters

By Ellen S. Calmas

How to make second chance renters work by Ellen S. Calmas

Ellen S. Calmas

What are “second chance” renters and why are they important to our business? After all, why would a professionally managed property company want to attract renters who they know have a ding somewhere in their credit or rental history?

Tue
17
May
Matt Easton's picture

3 Ways To Get Promoted in Property Management

3 ways to get promoted to management in multifamily housing

What is the secret to property management promotion to regional manager, vice president or CEO?

By Matt Easton

As Executive Vice President at MultiFamily Traffic, I have worked with thousands of property managers, regional managers, marketing managers, CEO’s etc. I have seen them come and I have seen them go. Recently my friends at Rental Housing Journal asked me what the number one trend is in our industry is. My answer is this, management companies are desperate for rock-star talent and when they find it they will promote that person as high as they possibly can.

Mon
16
May
The Editors's picture

Charm Residents with Outdoor Living Spaces

Charm Residents with Outdoor Living Spaces

Charm Residents with Outdoor Living Spaces

By Scott Matthews, Director, Strategic Accounts, The Home Depot

Turing outdoor spaces into comfortable, functional extensions of interior living areas is in demand for multifamily communities. Residents are interested in spending more time outside. Creating an inviting outdoor space for your property will help attract prospective residents and retain current tenants, especially during the warm months and moving season. 

Here are some ideas for outdoor upgrades that will give residents a place to engage with other tenants, family and friends and help you stand out against the competition.

Mon
16
May
The Editors's picture

The Increasing Cost Of Owning Properties With Onsite Staff

Cost of Onsite Staff

The Increasing Cost Of Owning Properties With Onsite Staff

By Cliff Hockley, President, Bluestone & Hockley Real Estate Services

Even though the sales of apartments are reaching very low CAP rates with expectations of high returns, a number of laws aiming to protect workers have increased the cost of managing apartments. 

In Oregon, these laws include state mandated minimum wage increases and sick leave. On the federal level, required health insurance (for full time employees) and potential changes in federal overtime rules keep increasing the costs to staff with onsite management, maintenance and operations.

Sick leave

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