I am one of Benjamin’s clients, with a 12-unit student property close to WLU and UW. My partners and I chose this property based on the location and overall condition of the property as we refuse to be slum-lords to students who are looking for quality housing during their university tenure.

If you have considered student properties as an investment, but are worried about the management overhead, take a look at the investment opportunity we offer (http://theopesgroup.ca/investmentOpportunity.html) that backs your investment with quality real estate, and returns 8% on your capital every year, guaranteed.

I agree with you - tenants are the real asset since they put $ in your pocket every month.

Tenant selection with students is Key as well.

The student stuff my clients are buying is newer, close to campus, and priced (rent wise) at the high end of the student market. They tend to get clean studious tenants with property like that.

I have seen student properties that aren’t take care of, and they get tenants that don’t take care of the place. What you give you get!

Where is your 3br condo?

Ben

We haven’t rented out to students, but have been UW students ourselves, and have heard of horror stories.

Students housing is just too much variable - tenants, mess, cleanup, landlord work, rent, etc…

We also did not like the areas surrounding UW/WLU, as we do NOT buy anything we do NOT see ourselves living in it, and I have seen my shares of bad student “units/rooms” around UW

We had good stable income of $1100/month for a 3-bdr condo in Kitchener from a family, they like us and vice versa.

Money is NOT everything, GOLD tenants are!!

The magic wand taming, ah, shall we say, excitable student tenants, is their parents signatures on the lease.

One call to Mom and Dad — problems magically disappear.