If you are looking to get into the investment real estate market, off-campus housing is a great way to get started.
The real estate professionals at Brown Multi-Family Advisors can help answer any of your questions pertaining to off-campus housing in Columbus, Ohio. The trusted real estate brokers at Brown MFA have the necessary experience in dealing with off-campus student housing in Columbus, Ohio.
With the proximity of The Ohio State University and Capital University, investing in student housing in Columbus is a good choice. There are numerous benefits of using the campus living market as an entry into real estate investment. Here are a few things that you may want to consider before investing:
The primary reason to invest in collegiate housing properties is the constant supply of new tenants. However, this comes with both pros and cons. Your primary residents will be students and with every new incoming class there are is a new base in which you will be able to lease your property to.
A steady stream of available tenants is a good thing, but in this case, it does come with a few setbacks. Students are often leasing a property for the first time. This uncertainty requires that you get a cosigner to guarantee rent payment for the property. Most often, this will be the prospective tenant’s parent. It is imperative to require a cosigner on these types of properties. It will ensure that you are both paid in a timely manner and that someone will be held responsible should the student damage your property.
It is important to consider the school that will serve as your primary supply of renters. Is it a thriving university or a small college? This is an important factor to consider in your investment decision. The school’s popularity should indicate what the market for renters will look like in the subsequent years following your investment in the property.
This is an essential piece in deciding your strategic investment in an off-campus housing market. You should understand the real estate market in the area. It is critical that you know who you will be competing with and how competitive is the market near your potential property. It is also the area in which the trusted professionals at Brown Multi-Family Advisors can step in to provide you with the necessary market context. We understand the totality of the Columbus area housing market and can give you the needed information for your investment.
Who We Are
Brown Multifamily Advisors (BMA) has more than 18 years of experience in the Central Ohio commercial real estate industry. We have a unique ability to create a national market for local multifamily owners. Focusing exclusively on the sale of multifamily investments, BMA has developed an extensive and qualified database of local and national principals. When combined with thorough market research and a highly professional approach to the disposition process of multifamily properties within Central Ohio, BMA increases buyer participation, resulting in more offers and properties being sold at maximum values.
BMA helps buyers forge investment opportunities and sell a diverse range of multifamily properties. BMA has compiled an impressive track record of success in evaluating, marketing and closing more than 150 properties that include student housing and conventional and affordable multifamily properties in Ohio.
The foundation of BMA’s success is built on integrity, an unparalleled work ethic and a desire to establish and maintain long term relationships. Headquartered in Central Ohio, Brown Multifamily Advisors has a large inventory of properties available throughout central Ohio.