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The Water Cooler
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<blockquote data-quote="Parks 788" data-source="post: 4223480" data-attributes="member: 14646"><p>I'd like to get several rent houses in Stillwater near the campus for student tenants. Upfront costs would be much more but can also get a bit higher rent. It's probably something I'll shoot for in a couple years once my son graduates from OSU. </p><p></p><p>We know a couple/family back in CA who I've known for years as I played youth sports with their kids. THey own 3-4 rent houses in a San Luis Obispo, CA. It's a small college town. Was chatting with them about 5-8 years ago. THey said they really enjoy having them and the income is great. THey only rent to college kids as they are close to campus and what was interesting was they said they NEVER rent to girls and will only rent to boys. Asked why. What they told me, and it makes sense after thinking about it is this: The girls will call about every single small issue with the house. THe sink is clogged, the shower is clogged. the sink is dripping water underneith, window won't close, etc, etc. Every little issue they call about. THey are easier on the home but every little call out to fix even the minor problems cost a fair amount of money. The boys, they will unclog sinks and showers, if something is leaking they most likely will see if tightening something up fixes it or fix whatever is broken within reason. At the end of they year there is some additional cost for cosmetic repairs and a bit more wear and tear but said, overall, the boys are way less costs as tennents.</p></blockquote><p></p>
[QUOTE="Parks 788, post: 4223480, member: 14646"] I'd like to get several rent houses in Stillwater near the campus for student tenants. Upfront costs would be much more but can also get a bit higher rent. It's probably something I'll shoot for in a couple years once my son graduates from OSU. We know a couple/family back in CA who I've known for years as I played youth sports with their kids. THey own 3-4 rent houses in a San Luis Obispo, CA. It's a small college town. Was chatting with them about 5-8 years ago. THey said they really enjoy having them and the income is great. THey only rent to college kids as they are close to campus and what was interesting was they said they NEVER rent to girls and will only rent to boys. Asked why. What they told me, and it makes sense after thinking about it is this: The girls will call about every single small issue with the house. THe sink is clogged, the shower is clogged. the sink is dripping water underneith, window won't close, etc, etc. Every little issue they call about. THey are easier on the home but every little call out to fix even the minor problems cost a fair amount of money. The boys, they will unclog sinks and showers, if something is leaking they most likely will see if tightening something up fixes it or fix whatever is broken within reason. At the end of they year there is some additional cost for cosmetic repairs and a bit more wear and tear but said, overall, the boys are way less costs as tennents. [/QUOTE]
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