Sunday, December 10, 2006

Rental Properties in College Towns

I read an article a few weeks ago regarding a extreme discrepancies between available college housing in comparison to the amount of students attending that college each year. I apologize that I cannot completely cite my source, as I cannot seem to locate the article at the moment. I believe it was in "Money" magazine for November, 2006.
In any case, the article noted that one of the best places to invest in rental properties is the college housing market, and specifically pointed out ASU as one of the worst locations for having enough housing for the students.
What are your thoughts on investing in rental properties in College markets? Can rents be higher in College towns than in the suburbs? Are vacancies lower because there is always a demand? Are you concerned about how college students will take care of (or not) your property?
I have some thoughts on this, and would love to hear yours!