As the back-to-school buzz is upon us, we want to share a lesson we’ve learned from our investor clients over the years, specifically where they choose to invest.
It’s here: near colleges and universities. Here’s why–
1) High demand: School and college enrollment rates remain high which is a great sign for landlords nearby.
2) Premium rates: The demand doesn’t just fill bedrooms; it gives you higher rental rates.
3) Economic stability: Even when the market attempts to erode value, college town properties remain resilient.
4) Mom and dad: Oftentimes, the parents of students are co-signing on the lease, typically ensuring prompt and full payment.
If you explore this avenue, remember what’s appealing to the college crowd. It doesn’t require luxury. Focus instead on proximity to campus, public transit, fast casual eateries & grocery stores.
If you’d like to discuss investing in a property near one of our many local schools, We’d love to connect. Give us a call or contact us here.