Fraternity House Rentals

College town rental housing and condos has been a profitable niche for investors for years. But are you ready for a niche within a niche – fraternity house rentals? That’s right, frat houses, Greeks — but nothing quite as rowdy or raunchy as John Belushi’s “Animal House” classic. In fact, according to one real estate broker, in Philadelphia home to 30,000-students, properly-drafted rental agreements with fraternities not only can lock in solid cash flows, but protect the investor against heavy-duty maintenance and management expenses. Mark Swingmen, who works with investors in a variety of real estate fields and blogs on Temple University, says heads-up players can sometimes acquire fraternity-type properties at excellent prices within walking distance of campus that produce rentals of $400 a room, or $4,000 a months for a 10-bedroom frat house. Fraternity rentals “are definitely not for the faint of heart,” but investors make money with lease…
Source: www.realestateinvestor.com

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Source: forums.digitalpoint.com

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