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Rental Income Podcast With Dan Lane

College Rentals With Jeanne Stosser (ep 55)

Rental Income Podcast With Dan Lane

Rental Income Podcast

Entrepreneurship, Investing, Business

4.8836 Ratings

🗓️ 24 November 2015

⏱️ 25 minutes

🧾️ Download transcript

Summary

Jeanne owns a portfolio of 1,500 college rental units located in two different college towns. We talk about how the college market is different from other markets, and how she grew such a big portfolio.

Transcript

Click on a timestamp to play from that location

0:00.0

Inspiring interviews with today's top landlords.

0:05.0

This is the Rental Income podcast.

0:07.0

And now, Dan Lay.

0:09.0

Joining me on the show today is Jeannie Stosser.

0:12.0

Jeannie specializes in owning college rentals.

0:15.0

And the incredible thing about her business is she doesn't own just a handful of units.

0:20.0

She owns 1,500 college

0:23.2

rentals. That is just hard to even wrap my head around owning a portfolio that big. So I want

0:30.6

to learn more about the college rental business. But Jeannie, why don't we first just talk about

0:35.4

the size of your portfolio? When you first started, did you set out to own so many rentals, or did that just kind of happen?

0:43.6

Well, it actually evolved when we started or when I started.

0:49.1

And investing in multi-family housing, I had previously taken many, many, many, many classes from different

0:58.1

folks that I know very well and who do what they teach.

1:02.1

They don't sell tape.

1:03.9

And I have learned over the years or began over the years to figure out that if you

1:10.3

wanted to get where I wanted to go faster

1:13.5

than the single family route, which is what I started in and what I still do, with my company

1:20.4

and my family business, to some degree, we build some, we occasionally buy from, but I was extremely interested in the cash flow

1:33.3

and in the benefits that came from multifamily housing, whether it was a small set of units

1:40.4

or whether it was a larger set of units, but it took several years from the time I

1:44.7

started, probably 15 years before, I really made a leap from the duplexes and the single families

1:53.1

and the things that we had built and kept to be able to make that, you know, make that jump.

...

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