Potential Profit in Student Housing?

Thinking of shopping for real estate investment properties?  Here's a great blog post (by Ryan Poelman, CSO for Nudge and the CEO of BuyPD) about the benefits of jumping into the student housing niche:

Student Occupancy Rising in Most Markets

"...there can be great opportunity in owning rental property near schools."
"Properties between a half-mile and a mile from campus have occupancy rates of 95.1% and average rent of $542, up 1.8%."
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Lucky for us, Bozeman is the home of an outstanding university.  Enrollment at Montana State University for the 2015-2016 school year is reportedly 15,688 students.  Many of those students choose to live off campus.  75% of them, to be exact! (source)  That could spell income for someone invested in close proximity rental properties.
So, do you think you're ready to become a landlord?  Here are a few tips from Interest.com for getting started: (source)
  1. Recognize that being a landlord is a business.
  2. Start small.
  3. Don't invest somewhere you don't know.
  4. Figure out the right rent.


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