As with any major college, the closer you get to the college, the more rentals you’ll find. Renting a house off-campus, for many, can be the first leap into becoming an adult and having independence, freedom, and responsibility. It’s also a “step-up” from on-campus living so there is always demand. There are numerous benefits to renting out to college students near a college, but there’s also a few things to be careful of.
There’s no doubting that the real estate market in most areas of the US right now are hot. Homes aren’t staying on the market long, rents are going up at a constant rate, and offers for above asking price are becoming a norm. This has investors getting creative in the deals they’re taking and the exit strategies they’re using. Thinking outside the box is how thriving real estate experts are still doing multiple deals a week without any sign of a slowdown.
Whether you’re wanting to get into real estate investing or you’ve done dozens of deals, you should never stop learning! From podcasts to blogs to books to training, there’s always more to learn about the business and your success. We’ve hand selected our top 9 books that are centered around investing in rental properties!
You want to get into rental properties. You want to start building your portfolio of passive income. Except, you’ve never had a rental property before. Rental properties are great for building passive income that will cash flow for years to come. It’s not a huge amount per house each month but it’s steady (as long as it’s tenanted) and long-term.
It’s an excuse we hear all the time. “I can’t find any deals.” There are deals out there, but in the seller’s market we’re in right now, you have to be more creative and more efficient in finding them. For those who are wanting to get started in real estate investing, the hard work you’re putting in now will make it 10x easier as the market shifts into a buyer’s market over the upcoming years.
We’ve all heard the stories of nightmare tenants. With policies in place, it can help prevent some of these problems but there’s always going to be issues that arise when you have a tenant in a rental property. We’ve broken these nightmare tenants into 6 categories.
“If you don’t have anything nice to say, don’t say anything at all.” It’s a valuable saying that most of us know and assumably, try to follow. Except, our reputation is more than just “saying nice things”. It’s much more complex. In the real estate investing industry, people talk. If you build up a bad reputation, this could put roadblocks in your way of success because people won’t want to work with you. So, how do you maintain a good reputation? It’s all in your actions. There’s a few…