Parents of Texas A&M Students and Individual Investors
As a real estate agent one of my greatest areas of expertise is in the area of investment property and student housing. From an experience standpoint, I have owned and managed my own rental portfolio right here in Aggieland for the past 17 years. During this time I have used my personal experiences to help a tremendous number of other investors and parents of students purchase their own investment property. I truly enjoy the process of finding and acquiring these types of properties and I would love to share my knowledge and experience with you. Whether you are the parent of a student or an individual investor, I believe the facts below demonstrate how profitable an investment property can be.
Buying vs Renting
Student housing is the single largest controllable college expense. Quality, near-campus rentals in Aggieland are costly - starting at $500/month per bedroom ($6,000 a year) or higher. In most cases, this represents 40% + of a student's annual educational budget! Some students even pay as much as $1000/month per bedroom for housing right next to campus making that percentage skyrocket.
Unlike renting, property ownership can provide significant cost reductions and tax advantages. As a parent, rental payments from your student's roommates reduce your expenses and allow your student to live at a lower cost, oftentimes for free! The tax advantages can be substantial and I can share with you how those have benefited me personally.
As the parent of an Aggie, I firmly believe that owning your student's home makes good financial sense. Take a moment to consider these numbers:
|Sample Financial Analysis|
|(Based on a mortgage for a four bedroom home priced at $175,000 with a 5% down payment and 5% interest rate.)|
|Property Purchase Price||$175,000|
|Monthly Rental Income|
|Rent per Bedroom||$500|
|Number of Bedrooms||x4|
|Total Montly Income||$2,000|
|Less Estimated Expense|
|Taxes and Insurance||$300|
|Total Montly Expenses||($1,192)|
|ANNUAL CASH SAVINGS vs. RENTING||$9,696|
As you can see, the potential financial benefits are pretty clear. There are also other benefits. Whether you are an Aggie parent or an investor you understand that a student's safety and academic setting are critical to their well-being and success. Both of these can be greatly enhanced by living in a privately owned house, townhome or condo where the surroundings are quiet and the parking is close.
How I Can Help
As a parent, investor and landlord my personal experience in our local rental market will allow me to provide you help, expertise, and turnkey services in the following areas:
Please contact me to ask questions and discuss options or to make an appointment to view some properties.
Kendra Hudson '86
Phone: (979) 218-3905