Double-edged Sword
There is a student housing complex (168 furnished units) being built one street over from a new duplex I just bought this year. This area of town has been depressed for 20 years. I bought the property in this area because it is almost impossible to buy close to campus and cashflow, this area is within a reasonable distance of the campus (but barely).
The pros/cons I see about the new student complex; it will possibly bring in more businesses to accommodate students and the area would be seen as a more acceptable area to live for college students. The cons is that it will cut into my pool of tenants, but I will be offering a slightly different product than the student housing which shares living rooms/kitchens/etc.
Opinions? Should I sell now or invest more in the area?
Royal-
You mentioned something that I failed to remember, shuttle service, they are offering that. Do they usually allow students that are not part of the complex to use for a fee?[ Edited by d_random on Date 07/11/2008 ]
Back in the day.......
All you needed was a student id to ride the school stagecoach. Not that it was ever checked.
Jim
Quote:Also, if you want to attract students, you should consider offering wireless internet service included in the rent. Excellent idea! Make it secure and give out passwords with leases.
MC
stdavid-
How did you set up wireless internet in a small apt building?
I have a 9-plex with commercial downstairs. I set in up in an office downstairs.
Hmm. This a duplex. I wonder if I could put it in the attic.
Too bad the new complex is one street over, or you could piggyback (be a "free rider"
on their wireless system. Or maybe you still could...?
HA! I like your thinking loon. Anyone ever done this successfully?
Have you tired calling the wife? If neither one returns your calls I don;t think you have any other choice then evict.
The rule is the same as for your non-military renters. If they are late, start eviction. Military renters do not enjoy any special exceptions.
Cripes! Cjmazur, where did you find that info? I had no idea...!?
smithj2,
Call the Judge Advocate Generals office at the base your tenant is stationed at.
Request the information you need and you will get it first hand. This office has been known to help out in cases like you described.
John $Cash$ Locke
[addsig]
"Call the Judge Advocate Generals office at the base your tenant is stationed"
Cant believe im hearing these things? I guess most here havent spent time on military bases.
Yep...call JAG, you will really screw this guy over. Ill just say this...you wont believe how many servicemembers know each other on those huge bases. I hope he isnt a supervisor...
it my understand it applies to active duty, and was extended to reservists. look at the name of the law. It was just a referral.