Investment property near colleges in a class by itself
by Betty Dillard, Fort Worth Business Press, March 3 ,2008
While the current national housing market is barely making a passing grade, one sector in residential real estate is getting a good report card – property near college and university campuses.
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A+ College Real Estate
By Lacey Rose, Forbes Magazine, Aug 22,2006
"The college real estate market is going to be significantly more stable than the general market," explains Kyle Frazier, managing partner at Austin, Texas-based College Real Estate, a company that specializes in this area. "Most of these university towns have been established for more than 100 years, and so they have sort of like a micro-economy going on within the greater city."
There can be non-financial benefits as well, particularly if parents are willing to share the landlord responsibilities with their children, Frasier explains. "There are the intangible benefits of owning and managing property from a student standpoint," he says. Some of the real-world lessons to be learned include collecting rent, managing tenants and handling unforeseen maintenance issues.
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