Real Estate Investing: College Student Rentals

Preface Acknowledgements Introduction Disclaimer 1. REAL ESTATE INVESTING 101 1.1 Pros of Real Estate Investing 1.2 Cons of Real Estate Investing 1.3 Why College Student Rentals? 1.4 DIY or Outsource Property Management 2. BUYING PROCESS 2.1 Real Estate Agents 2.2 Location-Location-Location! 2.3 Existing, Build, or Lease-Sublease 2.4 Types of Properties 2.5 Making the Offer 2.6 Closing 2.7 Insurance 3. FINANCING 3.1 Credit Rating 3.2 Financing Your First House 3.3 Consider Credit Cards 3.4 Balance Transferring 3.5 Cutting Out the Bank 3.6 Owner Financing 3.7 Assumable Mortgages 3.8 Home Equity Line of Credit (HELOC) 3.9 Refinancing and Interest Rate Changes 3.10 Private Mortgage Insurance (PMI) 3.11 Leverage v. Paydown 4. MANAGEMENT 4.1 Setting the Rent Amount 4.2 Rent Collection 4.3 Bookkeeping 4.4 Taxes 4.5 Unoccupied Over Breaks 4.6 Retention and Renewals 5. MARKETING 5.1 ABC’S of Brand Building 5.2 Showing Ready and First Impressions 5.3 Pictures and Video 5.4 Website 5.5 Social Media 5.6 Current Tenants 5.7 Word-of-Mouth 5.8 Direct Mail 5.9 Google Ads 5.10 Craigslist 5.11 Zillow 5.12 Yard Signs 5.13 More Advertising 6. INITIAL CONTACT, SHOWING, & APPLICATION 6.1 Prescreening 6.2 Showings 6.3 Closing, Application, & Hold Fee 6.4 Feedback and Remedy 6.5 Background and Rental History 7. LEASING PROCESS 7.1 Make it Simple 7.2 Make it Comfortable 7.3 Protect Your Investment 8. MAKE RENT READY 8.1 Kitchen Updates 8.2 Bathroom Updates 8.3 Curb Appeal 8.4 Floor Coverings 8.5 Paint 8.6 Cleaning 8.7 Window Treatments 9. MOVE-IN PROCESS 9.1 Pre-Move-In Process 9.2 Move-In Day 9.3 Safety Checklist 9.4 The Move-In Day Talk 10. MAINTENANCE 10.1 Contractor List 10.2 If it Ain’t Broke 10.3 Responding to Tenant Calls (Re-Active) 10.4 Preventative Maintenance (Pro-Active) 10.5 Appliances 11. TURNOVERS 11.1 Pre-Move-Out 11.2 Move-Out 11.3 Simple Turnover Process Summary 12. EXITING 12.1 Outsourcing Property Management 12.2 Employees 12.3 Partnerships 12.4 Selling 12.5 Owner Financed Sale and Installment 12.6 FSBO v. Real Estate Agent 12.7 Alternative Selling Options 12.8 Financial Independence 7.2 Make it Comfortable 7.3 Protect Your Investment 8. MAKE RENT READY 8.1 Kitchen Updates 8.2 Bathroom Updates 8.3 Curb Appeal 8.4 Floor Coverings 8.5 Paint 8.6 Cleaning 8.7 Window Treatments 9. MOVE-IN PROCESS 9.1 Pre-Move-In Process 9.2 Move-In Day 9.3 Safety Checklist 9.4 The Move-In Day Talk 10. MAINTENANCE 10.1 Contractor List 10.2 If it Ain’t Broke 10.3 Responding to Tenant Calls (Re-Active) 10.4 Preventative Maintenance (Pro-Active) 10.5 Appliances 11. TURNOVERS 11.1 Pre-Move-Out 11.2 Move-Out 11.3 Simple Turnover Process Summary 12. EXITING 12.1 Outsourcing Property Management 12.2 Employees Partnerships 12.4 Selling 12.5 Owner Financed Sale and Installment 12.6 FSBO v. Real Estate Agent 12.7 Alternative Selling Options 12.8 Financial Independence Conclusion Appendix Glossary Index