#453: Make $5,000/Month from 1 Duplex?! (Student Rental Strategy)
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Episode Description
⭐ Join Rental Property Mastery, my community of rental investors on their way to financial freedom: http://coachcarson.com/rpm
🎙️ Episode #453 – Student rentals can be cash flow machines... if you know how to manage the quirks. We're sharing our systems and design tricks that make investing in student rentals truly profitable.
▶️ Next Episode: Why I'm Building Properties, NOT Buying (Build-to-Rent 101)
- Apple: https://podcasts.apple.com/us/podcast/383-build-to-rent-101-why-im-building-properties-not-buying/id1448707654?i=1000690795313
- Spotify: https://open.spotify.com/episode/2FDWRuFSHcqjF9i85qzWjw?si=iNgGHYb-QpCoklsUdc3tbA
🎬 Timestamps:
- 00:00 - The Most Profitable Way to Be a Landlord
- 00:49 - How Will Gaston went ALL IN
- 04:31 - Portfolio growth breakdown
- 06:43 - Overcoming occupancy ordinances
- 11:53 - Pros and cons of student rentals
- 13:38 - The economics of student rentals
- 19:19 - Tenant screening philosophy
- 21:29 - DON'T drop rents... Do this instead
- 24:43 - Purple Cow marketing
- 34:17 - Who shouldn't own student rentals
- 39:26 - How to handle helicopter parents
- 44:56 - How to turnover with staggered leases
- 47:43 - Set expectations over Zoom calls
- 48:46 - One lease to rule them all
- 54:30 - Don't passively do student rentals
- 59:06 - Why I'm building properties, not buying
🔗 Connect with Will:
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Will's LinkedIn (Personal): https://www.linkedin.com/in/will-g-008876130/
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Will's LinkedIn (Business): https://www.linkedin.com/company/gaston-real-estate-investments/
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Will's Instagram (Personal): https://www.instagram.com/will_gaston/
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Will's Instagram (Business): https://www.instagram.com/uofsc_rentals/
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The Ultimate College Student Rental on BiggerPockets: https://www.biggerpockets.com/forums/52/topics/491641-nearing-1-000-college-student-tenants-heres-what-ive-learned
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https://www.coachcarson.com/toolkit-pod
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