Tapping The Property Management Market
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I live in what some would call a college town. We have 3 college campuses in town and several other smaller private schools also. With the annual influx of more than 25,000 college students each fall, the town fills up fast. While some of the colleges require that freshmen live on campus they eventually will move off campus and want their own home or apartment. Because of this our town has many property management companies that cater to the college student. Usually these properties are close to a campus, are affordable and may offer specific amenities that will attract a younger population. Multiple bedrooms with individual leases are very popular right now. You don’t have to worry about your roommate paying their part of the rent each month as the leases are written separately. Some property management companies will even offer a roommate matching service, where if you would like to share an apartment but don’t have a friend in mind they will match like roommates together. This is a good way to save money, as a two-bedroom apartment is often as cheap as a one bedroom.
Our college town also has plenty of companies. It’s pretty nifty that landlords will sometimes require a 12 month lease, knowing full well that a lot of college students are only in residence 8-9 months.Self storagecompanies in our town fill up after spring session with college rentals. When the smaller self storage units are gone, the students will get together with friends and rent larger units and share the rent. If you want to start a property management company or a , look for untapped college towns; they are a gold mine waiting to be tapped.
Written by Natalie Thomas, TQAS executive.
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Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.
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