I saw this great post yesterday about investing in student HMO’s which I think you should check out – Student Let Success
It details some of the same strategies that I teach for property investing but this time focusing on the student market. One of the great things I’ve always found about the student market is whilst the yields are generally lower than I attain in my professional multi-lets; often the hassle is much less.
Why – surely most students are out partying, causing noise and damage and not treating your property with respect? Well no, actually most students I’ve let to have been pretty courteous and have respected their property. Of course, there’s usually lots of bottles, pizza boxes and dvd’s stacked about the place but that’s student living for you.
Once you’ve found your students for the year, most of the time; they’ll be there until the following summer meaning that you have some piece of mind in not having to continuously find tenants. From a property investors point of view, thats one less thing to worry about.
The only other piece of advice I would offer on top of Hot Property’s article is to make sure that you contact the university or college in your town first to understand the market, the individual accreditation and rules they employ and get to know the local housing officer well – it will really help you in the long run.
So, if you’re interested in finding out a bit more about student investing, then take a look at Student Let Success and find out how to rent to students the easy way.