We’ll Help You Invest for Success in the Athens Student Housing Market
When considering student housing, most people think of large apartment complexes or bigger buildings in multifamily property. While this is true for many properties, the prices to purchase reach far into the millions. Smaller investors typically look at investing in houses, condos, duplexes, and smaller buildings. Let’s review some key information about the Athens student housing market:
the Athens MArket
Athens, GA is home to the University of Georgia with over 35,000 students along with North Georgia College, Piedmont College, and Athens Technical College which all contribute to our student population. Athens also has vibrant music, art, and culinary scenes which bring more people into the community. For all these reasons and more, Athens has a consistent and often growing population of people needing to rent.
Investment Considerations
Location is always important when making a real estate purchase, but you often will pay more for properties nearest to desirable areas. You should consider your monthly costs and plans for the property. Ideally, you should find a property that has enough rent to service your debt and have a cash surplus each month. Investment goals are different for each person. It depends on your time frame, goals, and taxes. We can explain details to you in person or over the phone.
Investor-Friendly Neighborhoods
There are several good areas to purchase around campus. In the downtown area, investors love The Retreat, The Verandas, and The Lodge. In East Athens, people often look towards The Summit of Athens or The Woodlands of Athens to buy condos. Additionally, The Station on Milledge or the Retreat South all offer potentially profitable investment opportunities. Price, location, and amenities are the most important factors to renters.
Property MANAGEMENT YOU CAN TRUST
Many investors would rather not manage their properties. Finding and qualifying tenants, handling rent, and dealing with repair issues add up to significant work. Many investors choose to use professional management.
Though there are several reputable property management companies in town, and we encourage you to do your due diligence, we recommend our partner company, Red and Black Rentals, which has quickly become one of the leading and fastest-growing property management companies in the greater Athens, GA area.
The team at 5MRealty has everything you need, from real estate investor services to property management, to make sure you’re finding the best opportunities and making the right decisions for your needs.