140: The Riches Are in the Niches (Like Student Housing) with Bill Syrios

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.8 • 16.5K Ratings

🗓️ 17 September 2015

⏱️ 76 minutes

🔗️ Recording | iTunes | RSS

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Summary

Real estate investing is a BIG field, and there are hundreds of ways to build wealth. However, according to our guest today, the riches are in the niches! On today’s show we sit down with Bill Syrios, an investor from Oregon who specializes in the incredibly lucrative field of student housing (as well as numerous other niches!). You’ll learn how he transformed an early real estate setback into a business that owns hundreds of properties in multiple states! In This Episode We Cover: Times when the Syrios family has been on the BP Podcast! How Bill got started in investing What the interest rates were like in 1980 What kept him going despite market crashes and failures How to treat your real estate investing as a business The importance of becoming an expert in a niche market How he got started investing in student housing The pros and cons of student housing Tips for handling student turnover What you should know about finding a property manager for these properties What Loan Care Services is How to deal with difficult rental situations Important legal restrictions for campus properties The details on a 48-unit fraternity house renovation Bill’s current portfolio and the states he invests in The concept of giving over ownership And SO much more! Links from the Show BiggerPockets Meet BiggerPockets Forums BP Podcast 121: Creating the IDEAL Real Estate Investing Business with Andrew and Phillip Syrios Ultimate Beginner’s Guide to Real Estate Investing Airbnb BRRRR Strategy BP Podcast 113: Becoming a Millionaire Real Estate Investor Using The One Thing with Jay Papasan Books Mentioned in this Show The Everything Landlording Book: An All-in-one Guide To Property Management by Judy Tremore Good to Great by Jim Collins Built to Last by Jim Collins 7 Habits of Highly Effective People by Stephen R. Covey The 8th Habit by Stephen R. Covey First Things First by Stephen R. Covey The Millionaire Real Estate Investor by Gary Keller The ONE Thing by Gary Keller and Jay Papasan The Black Swan by Nassim Nicholas Taleb Outliers: The Story of Success by Malcom Gladwell The Tipping Point by Malcolm Gladwell What Got You Here Won’t Get You There by Marshall Goldsmith Triggers: Creating Behavior That Lasts by Marshall Goldsmith Profit by Investing in Student Housing by Michael Zaransky Smart Essentials For College Rentals by Dan Gooder Richard Tweetable Topics: “Even if you only own one property from day one, you treat it as a business.” (Tweet This!) “Every business, every niche has an obstacle.” (Tweet This!) “That’s where real estate investing starts—it starts with a great deal.” (Tweet This!) Connect with Bill Bill’s BiggerPockets Profile Bill’s son, Andrew’s BP Blog (He’s the writer!) Bill’s Company Website: StewardshipProperties.com Another Niche Website: StewardshipCapital Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Bigger Pockets Podcast Show 140.
0:04.8	You gotta treat this even if you only own one property from day one you treat it as a business.
0:09.8	You're listening to Bigger Pockets Radio simplifying real estate for investors large and small
0:15.8	If you're here looking to learn about real estate investing without all the height
0:20.3	You're in the right place. Stay tuned and be sure to join the millions of others who have benefited from bigger pockets.com.
0:28.0	Your home for real estate investing online.
0:31.0	What's going on everybody? This is Josh Dorkin, host to the BiggerPockets
0:35.4	podcast here with my co-host, Mr. Brandon Turner. What up buddy?
0:39.6	How much? How are you doing?
0:41.3	I am good. School is back in session.
0:45.0	In other words, your kids are out of your hair.
0:48.0	You know what, that makes me sad.
0:50.0	That part makes me sad.
0:51.0	It's nice to get back to our routine. There's something nice about just kind of getting back to it and really being able to focus. Of course my routine was devastated this week because of jury duty.
1:03.2	Oh yeah, how'd that go?
1:04.4	Did you send a guy to jail?
1:06.0	I did not.
1:07.7	I got to wait in the big room and wait for my name to be called and it never was,
1:12.1	which was kind of nice so I could get back to work but
1:14.4	it was a third time third time I've been called in like five years four or five years
1:18.6	which is a little troubling to me there's certainly enough people in our county to
1:25.0	make it so I don't have to go that often yet they keep calling me you know I I'm 30
	...

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