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Rental Income Podcast With Dan Lane

Bonus: Are College Rentals A Good Investment?

Rental Income Podcast With Dan Lane

Rental Income Podcast

Business, Investing, Entrepreneurship

4.8836 Ratings

🗓️ 15 April 2021

⏱️ 16 minutes

🧾️ Download transcript

Summary

On this bonus episode of the Rental Income Podcast, Jay Redding shares his experience owning college rentals.

We talk about how he has teamed up with the university sports teams, to rent rooms to student-athletes.

When the current students graduate they pass their room down to younger students on the team. This makes his property management easier and eliminates the need for him to market the property.

We also talk about how he screens his tenants with no rental history or credit score, and other issues he faces renting to students.

Transcript

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0:00.0

Inspiring interviews with today's top landlords.

0:04.7

This is the Rental Income podcast.

0:07.6

And now, Dan Lay.

0:09.6

One niche in rental property investing that's always been very interesting to me is college rentals.

0:16.7

I'd like that if you buy a good property close to a university, you're always going to have a very strong demand for your rentals.

0:24.9

You really shouldn't have any vacancy when one student moves out, someone else is coming in right behind them to replace them.

0:32.2

And being able to rent to students by the room, you should be able to make way more money than if you're renting

0:38.8

out that entire house to a family. So on the show today, we're going to explore college

0:44.2

rentals, and joining us on the show is Jay Redding. Jay was with us a couple of days ago on

0:50.3

episode 310. And in addition to Jay's regular rentals, he also owns a few college rentals.

0:57.7

So on the show today, we're going to hear about his experience.

1:00.6

We'll hear about the good and the bad and find out how things are working out for him.

1:05.6

So let's take a real quick break to thank our sponsors.

1:08.5

We'll come right back and we'll catch up with Jay. You probably

1:12.0

started buying rentals for the passive income, but if you're not smart about the way that you manage

1:18.3

your rentals, it can really start to feel like a full-time job. I want to let you know about a free

1:25.1

tool that can help you streamline the leasing and management

1:28.7

of your rentals. It's Apartments.com. They're not just for apartment owners. If you own

1:35.6

single families, duplexes, condos, or even apartments, you can now manage all of your rentals on

1:42.8

Apartments.com. You can find tenants, screen your rentals on Apartments.com.

1:50.9

You can find tenants, screen applicants, create leases, collect rent, and track your expenses,

1:53.8

which makes your tax prep easier than ever.

...

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