Should You Purchase Rental Property in a College Town?

Should You Purchase Rental Property in a College Town?

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What’s the latest trend sweeping the schoolyards today? Contrary to what you might think, it’s a far cry from Bieber Fever or dabbing on the dance floor.

No, this trend is much smarter. Yet, it’s not taught in the classrooms and lecture halls of today’s college campuses. In fact, the only commonality it shares with universities and educational institutions alike is the location.

Curious? It’s the growing trend of investing in college town real estate. In particular, many individuals are buying rental properties as a way to save money, cut expenses, and, in some cases, even turn a profit.

Sounds almost too good to be true, right? Well, if you’re interested in learning a little bit more about this up and coming investment option, read on. We will break down the basics of buying college rental real estate and help you decide it its right for you.

What Does it Involve?

Here’s typically how parents and students pursue this type of investment option. It starts by locating an ideal rental property in or around the community where the institution is located. Generally, it’s recommended to find a living facility costing no more than $200,000 with three to four bedrooms. In essence, big but cheap. This is because the intention of the purchase is to rent out the extra rooms to other students. College students, a population of young adults who are notoriously bad tenants and destructive residents (hence the low property value). For the next four years, the attending students live at the property while simultaneously acting as landlord to his or her fellow roommates. Then, once graduation has come and gone, the property is put back on the market or kept as a means of income, depending on how the renting and buying markets fair.

What are the Benefits?

Buying rental property in college towns has two big benefits. First, it eliminates the often exorbitant expense of on-campus living. Recent statistics indicate that today’s college pupils spend anywhere from $7,000 to $15,000 per year on student housing, which can amass to as much as $100,000 by the time graduation rolls around. Because the majority of those parents and/or students who buy college rentals end up breaking even, the entire venture sidesteps the need to pay schools, whether it’s Loyola Marymount University or WSU Online, for use of their dormitories and facilities.

Second, buying rental property adjacent to colleges can actually turn a pretty profit. Due to the growing demand for college education, rental rates in the communities outside of universities are climbing to heights never experienced before. On the other hand, buying homes is more affordable than it has been, due to the residual effects of last decade’s financial crisis. This combination makes for the perfect opportunity for rental-purchasing investors.

What are the Risks?

Every investment has its risks, whether in real estate or in the stocks, in relationships or in the roulette wheels of Reno. Fortunately, the risks of real estate in college towns is minimal, as education will continue to drive up local rent rates and recent projections indicate an upswing in the housing market. Turning a big profit might not be a sure bet, but you can count on this kind of investment as being one on the safer side.

Should I Invest in Rental Real Estate in My College Town?

Deciding if this venture is appropriate for you depends on a variety of factors. There has to be enough capital to make the initial investment. There has to be the right people who can act as landlord and property manager. There has to be a willingness to endure risk and put forth extensive research. In short, it takes work, time, money, and involved commitment. If you have those, then it might just be the smartest trend you could try.

Why It Might Be a Smart Move to Buy a Condo for Your College Kid

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College is expensive. That’s a given. But when you’re scratching a check every semester, think about what it is you’re really getting for the money. Your kid in a cramped dorm room or apartment every year at a cost of about $5,000 annually, on average. That adds up to a whopping $20,000- $30,000 once all is said and done after a four to six year program at the University of Akron. Now you may have no problem with your son or daughter getting the full-blown college experience of roughing it with the rest of the student body over the course of four years but at these prices you may want to reconsider your options. I know what you’re thinking, your parents weren’t putting you up in some fancy condominium while you attended classes and it was the best thing for you in the long run.

But this isn’t about putting luxury ahead of life experience, this is about the best thing for your wallet in the long run. If you’re paying for your kid’s room and board while they’re getting a higher education you may want to recoup those costs after graduation. The way to do that is through buying a condo for your budding scholar to live in during their time away from home.

Do the Math

So we’ve gotten a broad approximation of how much room and board costs at a typical university but does it really make fiscal sense to buy real estate for college student? Do a little research first and answer a few questions to help make that determination. The first thing to decide upon is finding out how long your kid is going to be away at school. Most of the time it could be four years, maybe five. Then do some digging into what similar properties are renting for in the area. Since you’re searching in and around college towns, you may find some pretty competitive rates. Finally, you’ll want to know how much it’s going to cost to sell the property once your kid gets a diploma.

Buy Low, Sell High

The old mantra holds true always. This is an investment opportunity that is designed to make you money. So if you find that property values are on the rise in and around your kid’s university, then it could very well behoove you to go down this road of ownership. But you also have to consider how responsible your kid (and his or her friends are) in terms of keeping the property in good shape. You could be making an arrangement to charge your kid and buddies rent to live in the property but if they cause excessive damage during their time, you’ll be putting more money in to make repairs. Weigh your options carefully as you look ahead to the future so you’re not ultimately getting yourself into a hole financially. The rent you’re charging may not be enough to keep your head above water, so do your due diligence before you make any purchase, doing so might make good financial sense for the long term. Of course, you could convince your kid to sign up for Vermont Law Online and live at home.

5 Ways to Effectively Invest in Real Estate Business

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Investment in real estate is beneficial and bears long-term rewards, however, it isn’t as glamorous as it seems to be. The real estate business has become largely popular in past five decades and a driving force for passive income. Unlike stocks and bonds, the investment in real estate can be much more complicated and come up with plenty of challenges. Before starting investing in properties, make sure to conduct proper research and get some basic knowledge about common terminologies. Wealth isn’t going to flow overnight and much of the risk is involved.

If you are thinking of investing in real estate property, here are five ways to effectively invest in real estate business.

Renting out Your Property

Renting out your property is the oldest practice followed by land owners to generate a steady flow of income every month. However, with the inflow of cash every month, there are some costs that have to be covered by the landlord. For example, paying taxes, maintenance cost and mortgage. Landlord charges enough rent after deducting the costs mentioned earlier. The wise strategy is to be patient and charge the rent to cover expenses until the mortgage has been settled. The real profit is incurred after all the major expenses have been paid. The real difference between other investment and rental property is that you need to devote some time and money in order to retain your investment.

Learn to Give Up

Financial freedom is loved by everyone and same goes for the person who has invested a huge amount in buying property. However, in real estate business, living with financial freedom means a lot of sacrifices. For instance, you may need a car for personal use, but the money has to be used in down payment. Moreover, you may need to generate enough capital in order to start investing. Make sure to have advice from reputed estate agents like estate agents Beaconsfield. At times, you need to start painting your own home to save the cost. Investing in properties can be much more rewarding than any other business. However, the things might not be as easy as it seems to be. You have to sacrifice time, opportunity and money to gain financial freedom. However, if you are thinking of real estate investment as a quick rich scheme, it is time to look somewhere else.

Real Estate Investment Groups

Real estate investment groups are kind of small mutual funds for rental properties. The real estate investment group is suitable for you to own a rental property if you don’t want the stress of being a landlord.  The company will purchase or build a set of condos or apartments and bring investors to purchase them through the company. The investor can own individual or multitude of living space. However, the company running the investment group mutually manages all the units. They are responsible for maintenance, advertisement and promotion of vacant units, and interview tenants. In the end, the company takes a small portion of the monthly rent.

Investment through REITs

For an effective real estate investment, one way is to go for something similar to stocks which require buying real estate investment trusts (REITs) through a brokerage account. REITs is a unique way of investment due to the tax structure under which it is operated. It encouraged small investors to spend in real estate properties or otherwise it wouldn’t be affordable to build hotels or big shopping malls. Companies who have gone for REIT treatment does not pay income tax on their corporate retributions as long as they follow the rules and pay 90% or more to the shareholders as dividends.

Real Estate Trading

Real estate trading is very different from buy and rent landlords. The real estate trader buys the property and hold it for a period of three to four months. After the time has passed, they sell it for profit. The trading of such kind in real estate is also known as flipping properties. The properties are bought that are very low in price or have a very high potential. The flippers do not require any money to invest in home improvement. Moreover, there are flippers who make money by purchasing the property at a reasonable price and sell it after adding value by renovating the property. It can be a long-term investment, based upon how much money is being invested in home renovation.


The real estate investment has a potential of bearing huge profits, but it does not mean that every person will succeed. Before diving in the real estate investment, make sure that you evaluate the cost, sacrifice, and benefits you are going to bear.


Buying a Home to Save on College Housing Expenses

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Did you know that the average cost for attending college today is over $30,000 at a private institution and $10,000 at a public institution? Did you also know that the additional costs associated with on-campus housing adds an additional $10,000 to that annual expense? Multiply that by the four (and often times more) years spent pursuing an undergraduate degree and you’re looking at nearly $160,000 for a private school undergraduate degree and nearly $80,000 for a public school undergraduate degree.

When did investing in your future get so expensive?

The rising costs of an advanced degree are an unavoidable reality of today’s elite education system. Unfortunately, there’s nothing that can be done to adjust that outrageous expense that comes with earning a college diploma. Tuition costs will likely remain high and continue to grow as the years pass.

While the American student body may prove powerless when it comes to the hefty price tag of an undergraduate education, students can exert control over the expenses of room and board. While living in student housing may be the customary choice for most students, it’s also the most expensive, especially when you consider that it nearly doubles the annual expense of a public education.

What other options are there? Money is inherently tight for the majority of today’s students and the convenience of college housing can’t be beat, but is there a smarter choice?

Some people believe so, and have found that advantageous alternative in becoming a homeowner. Buying a home to save money? It might sound counter intuitive, but for some, it can be an investment that’s financially superior to the alternative.

Here are three need-to-know to facts about buying a home to save money on college housing.

  1. It’s a Short-term Investment

When investing in a home for your college career, keep in mind that it’s a short-term purchase. In essence, the intention is to own and occupy the residency for the four or so years of one’s education and then sell. It’ll be a purchase that will have a quick turnaround, and you can expect not to gain any long-term payoffs. In fact, most individuals who do buy and subsequently sell a home during college pretty much break even. The goal, remember, is to save money, not make it, and simply breaking even can better than what you’d pay for student housing.

  1. There are Risks

Like all investments, home buying as a short-term option with the intent of selling post-graduation, is risky. The real estate market will change, which could be good or could be bad. You could stand to turn a profit, but you could also lose money, especially considering it takes time for property to accrue value and for the recouping of the costs associated with buying a house.

  1. Owning a Home Adds Responsibility

As a student and a homeowner, college attendees will have a greater degree of responsibility and more obligations than the average college pupil. From maintaining the continuous upkeep of everything from the plumbing to the property aesthetics, to acting as landlord for fellow roommates, it can be a big commitment for an already busy student who already has classes, internships, jobs, and a social life. Likewise, because the tenants will be college students, you can bet they won’t be the cleanest or the most considerate of your new home.

Whether you’re a student online at USC Online or attending classes in person at Clark College, affordable college housing is hard to find. For some, buying a home is great way to avoid the high costs of on-campus living.

Tips To Choose The Best Liberty Village Condos

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With a number of condos being constructed in Liberty Village, the neighborhood of Toronto, investing your capital in condos has turned out to be a crucial part of the today’s real estate market. However, buying a condominium is really a big decision, as it needs ample time to collect enough data concerning Liberty Village condos, which you would like to purchase previous to making the final decision. Nowadays, lots of individuals prefer to live in condos because of the list of advantages it could provide to anyone. If you are looking for a condo for sale in Liberty Village Toronto, there are a certain number of essential factors you want to consider before choosing the one

Fix a budget:

Buying a condo in liberty village is a risky decision. You have to select the one that suits your needs and lifestyle. In purchasing a condo unit, consider your budget always. Liberty village condo units possess varying prices based upon its space and type.

Considering the location:

These days, many a number of individuals prefer condos over a traditional house. Giving more importance to the location of the building is always welcomed.  If a location is said to be convenient, then it provide easy access to virtually each and every destination all around the city. Choosing a condo unit that is near your school or office is the best option for you.

Make a visit to the building:

Have a visit to the building before buying it, if you want to purchase a property. This is performed to avoid laments or even wrong decisions. Check out whether the building has a very good reputation or not.

Try to analyze the building’s amenities:

People need to live with both ease as well as convenience. For this, you better examine the facilities offered by the Liberty Village Condos such as swimming pool, fire exit, gym and certain other amenities that you need in a condominium. Even, some condos have modern amenities and facilities to offer you the utmost comfort.

Get the assistance of a real estate agent:

While trying to purchase a condo unit, it is a wise idea to look out for the expertise of a reputed real estate agent. By this way, you can easily find a great condominium that suits your needs and wants. When it comes to buying condos, never rush you decision making. You could talk with your agent regarding your demands and so, he or she could guide you all through the way.

Searching condos for sale over the internet:

You should not rush things, if you are deciding to purchase condos for sale in liberty village.  You should not end up your decision right away particularly, if you are not having ample knowledge regarding buying properties. But, you need not having to bother about it as you can seek the assistance of some reliable real estate agents who are available online round the clock. You can also check their rates and analysis customer testimonials to pick the right one.


Great Web Guide for Agents

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Website design is a very important part of a website. The web design of a website is the essential overall look and feel of a website. Being that a website showcases what a person or company does, in this case real estate agents, there are some things to do before getting inside this web world. We have composed up a great guide below for real estate agents to follow. This is a great guide for start up agents who are newly introduced in to the web and need a place to read some great information about what is needed when starting up here. Read below these great 7 web tips.

Top 7 Web Tips

1- Domain Name. First an foremost, you must consider a domain name. A domain name is the url where a user can search you as an agent. A great way for a real estate agent to select their domain name is to think of something that sounds professional and rememberable. One thing that we recommend is for an agent place their first and last name on their domain name. However, if the world real estate is included inside the domain key phrase, that shouldn’t be a problem at all. Just remember to select a domain name that sounds easy to remember and maybe has a twist at the end!

2- Image on the Web. Image on the web aside from the web design is crucial for all real estate agents to focus on. This is an important part of the web that should not be ignored. As an agent with a domain, you have the ability to list yourself on sites for free. These sites can be review websites. Having a great reputation on the web can really show other people who search you on the web, that you do great work as an agent. A great web reputation is always admired.

3-Blogging on Home Page. Have a blogging section on your homepage. You can open up a new tab where you include a blogging section, or you can list your blog at the bottom footer. A blog is a great way to express your thoughts in written form and attract those who are in need to acquire the same type of information out on the web. Blogs have become very popular this year and you will see more and more sites have a blog page on their site.

4-Activity with Social Media. Have an active social media life! Make it an every day thing and highlight it in your daily planner. Social media is a great way to meet you individuals who are interested in your work. Connecting with them live, can get back faster response rates and a great group of social media friends brings great followers!

5-Outdoor Spread the Word. Go out doors and let the world know about your website! Always mention your website on your business card.

6-High Resolution Website Images. Have some high quality images on your website. Images with great quality are known o be more professional.

7-Create Some Great Videos. Videos can be very personal! You can give real estate tips or answer questions through videos. A great way to show off your personality and at the same time connect with others.



Why More People are Choosing Vacation Rentals Over Hotels

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Since the emergence of peer-to-peer rental websites such as the incredibly successful AirBnb, vacation rentals are fast becoming the most popular type of accommodation. Influential people in this sector such as Brian Ferdinand Liquid Holdings’ president are seeing sharp rises in the number of people searching for vacation rentals as opposed to hotels for their trips away. There are numerous reasons as to why people prefer to stay in privately rented apartments and homes and here we take a look at what this type of accommodation can provide that a hotel cannot.


If you are traveling in a group or in a large family then the cost of a hotel can be huge when booking multiple rooms. What vacation rentals can offer you is properties of all different sizes and designs that will come in at a lower price for big groups than a hotel will. For this reason those traveling with a group of people will always be better off looking for a holiday home that accommodates everyone.


It can often be far easier to relax in a private property as the space will be all your own and the only noise will come from you or your family. Hotel pools can often be far from relaxing with music blasting and kids splashing about, many vacation rentals have their own pool where you can relax in peace and not worry about others when you are trying to swim.

Food Freedom

When you stay in a hotel your food choices are limited to the hotel restaurant or nearby restaurants, with a vacation rental you can have far more freedom and flexibility when it comes to eating. Firstly, you won’t have to depend on opening times of restaurants and secondly you can eat what you want, when you want. Most people don’t want to spend their vacation time in the kitchen but shopping in the supermarket and cooking a meal or two is a great option to have and an excellent way to save some money.

Home Comforts

The idea behind most vacation rentals is to provide its visitors with a feeling of having a home from home. Small decorative touches around the place, wi-fi that doesn’t come with a charge, fully equipped kitchens and comfortable seating areas are all things that you should expect to find in your vacation ‘home’. Most hotels are clean and welcoming but very often they lack character, something that you are able to find with a private rental.


The cost of a vacation rentals is, in the main, far less than if you were paying for a hotel. If you are planning on a short weekend stay then hotels can give you more value, any longer than a night or two however, and renting privately is the answer. When weighing up pricing options it is important that you look at what you will be getting for the money you spend. You could find a hotel that is a few bucks cheaper per night than a private rental, but the type of accommodation you receive will be vastly different.

Some Top Aspects to Check before You Choose the Neighbourhood for Your New Property

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I’m sure you’ve heard the saying ‘good fences make good neighbours’ – Robert Frost certainly hit the nail on the head with that one. And whilst it may seem like an oxymoron, and whilst every situation is different in every case, it does highlight the need to look around carefully and examine the neighbourhood before you ever commit to a property. Checking out a neighbourhood is not always easy to do – and it takes some time – but by giving the process a little time and careful thought, a lot of hassle and headache can be avoided over time. Here are some top aspects to check before you choose the neighbourhood for your new property.

Checking the map

ImageThe map may seem like an old-fashioned way to check the neighbourhood, but it will give you much information if you know what to look for: immediately, you can figure out what the best way to and from work, schools, shops and the town centre is going to be. You can also get an idea of noise or smells caused by trains, motorways, traffic routes, rivers, and other landmarks.

Go there in person

Drive around the neighbourhood – more than once, at different times of the day and on different days in the week. This will give you first-hand information about traffic situations, events, and other occurrences. If you can, stay overnight, and observe how busy the nightlife is.

Check official records

Your city hall may be able to inform you of upcoming construction plans, and your local police precinct should be able to give you crime rate figures.

Talk to people who live there

The people who live there are your most valuable source of information – they have first-hand experience, after all. Don’t be afraid to ask about their possible complaints; a bottle of wine or basket of fruit usually loosens tongues easily. By talking to various people in the neighbourhood, you’ll also get a better sense of the local population and culture, and can gauge better if you’ll fit in.

In the end, trust your instincts, as advised by experienced estate agencies It’s all well and good to say that the neighbours are nice, or the ride is convenient, or the shop at the corner has all you need – but even if your brain says yes, you should always make sure your heart concurs. Choosing a neighbourhood for your future home, regardless if you are looking through flats to rent in Chelmsford, a three-bedroom home in Colchester, or more – does indeed depend a lot on measurable advantages and quantitative research, but many factors are subjective; your sense of beauty, comfort, and convenience is often personal and can’t be measured or judged logically. If your mind says yes, but you still have an uncomfortable feeling about it, then don’t do it. You should be completely comfortable with your decision.

Carpet Cleaning Hacks for Every Homeowner

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Every carpet owner should know that professional cleaning is required every year. But what do you do in between those visits? You have to keep your carpets clean yourself. So you’ll need to stock up on carpet cleaning supplies, and you should follow these tips so you can keep your carpet looking like new for a long time.

  1. Blot the stains. You should dab the stain with a cleaning solution and a sponge. Paper towels or a clean cloth will do just fine too. Blot from the outside going in so you don’t spread the stain.

What you don’t want to do is to rub the stain. This will just embed the stain particles into the carpet fibers. That will make the stain harder to remove, and the affected fibers may become damaged.

  1. For beer and wine stains, use club soda. Blot the stain with a cloth and club soda. If for some reason that doesn’t work,use a handheld spray bottle that contains a mix of equal parts white vinegar and water. Spray the solution and let it sit for about 15 minutes. Then use a sponge to soak up the solution and the stain. You may have to repeat this process until the stain is totally gone.
  2. For general stains, shaving cream may work. Apply it to the stain and let it set for half an hour. Then blot the shaving cream with a dry white cloth. Then finish off by spraying with the water and vinegar mixture and wiping off the solution with a cloth.
  3. Freeze the gum.If you get gum stuck to your carpet, get some ice cubes and freeze the gum for about 30 seconds. Once the gum is frozen, use a spoon to lift the mess. You should also have some scissors so you can cut carpet strands as close to the gum as possible.
  4. For grease stains, use dishwasher detergent. The dishwasher detergent you use that fights grease off from dishes work well on carpets too. Just put in a couple of drops in a cup of water, and spray it on the stain. Then you can just blot up afterwards.
  5. Melted wax can be removed with heat. When your candles drip on your carpet, it can dry quickly as it embeds into the carpet. You can use your iron covered by a white cloth over the wax. When the wax wares, use a butter knife to scrape it off. Then put some paper towel over the stain and iron on the paper. The wax will melt and stick to the paper towel.
  6. Use hydrogen peroxide for blood stains. First loosen the blood stain with water and mild detergent. Then scrape as much of the blood as you can. Eliminate the stain remnants by applying some hydrogen peroxide then dab at it with towels.

17 Pest Prevention Methods You Need to Know

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Regardless of where you live, it’s a fairly safe bet that sooner or later you may have some problem with pests. The problem can grow serious enough that you may have to call in professionals offering extermination services. Once they’re done, you may want to talk to these experts about proper preventive measures so that you won’t need their services anytime soon.

Here are some preventive measures and easy solutions that you can try so that you won’t need an exterminator too frequently:

  1. Don’t leave food lying around your home. Put them in the fridge, and move the dry goods to sealed jars.
  2. Your kitchen countertops and dining tables may have some odors and food particles. Wipe these surfaces down with a solution containing equal parts of water and vinegar.
  3. Get your faucet leaks fixed. Insects need water to survive, and they’re attracted to the leaks.
  4. Use a trash can with a lid.
  5. Rinse the sauce jars and juice containers before you put them in the recycling bin.
  6. Drains should be kept clear from leftover food. Pour half a cup of baking soda and then half a cup of vinegar down the drain. Wait 5 minutes, and then pour boiling water.
  7. If you have a roach problem, sprinkle borax powder in your bathroom and kitchen cabinets. Just don’t use the borax where kids and pets stay. The borax is poison to insects.
  8. Use a mixture of 1 cup borax and 1 cup sugar for ants. Put the mixture in a jar, and then punch some holes in the lid. Sprinkle the mixture outside the foundation of your house and around the baseboards inside. The sugar will attract the ants, and the borax will kill them.
  9. If you don’t have borax, you can always just sprinkle coffee grounds around your doors and windows to keep them out.
  10. If you have fleas, vacuum the rigs and other affected items thoroughly before spraying them with some anti-flea spray. Then get rid of the dust mag immediately.
  11. Use insect spray directly for any flying insect including bees, wasps, and hornets. If you don’t have insect spray, your hair spray will do just fine.
  12. If you see piles of wood shavings under wooden items, you may have a problem with carpenter ants. These insects like damp wood so you have to check for leaks. You may have to call in a pro.
  13. Termites may also be a problem that only a pro can handle properly. These insects attack wood and books.
  14. If you have a birdbath, change the water every 3 days. That should keep the mosquito numbers down.
  15. Did you find a centipede in your house? These critters eat other insects, so that means you have an infestation.
  16. If you have mice and you bought a trap, use peanut butter or raw bacon as bait.
  17. Your best bet against rodents is to seal every opening they can squeeze through. Even 0.25-inch hole may be enough to let them in.