A Message to the Parents of Texas A&M Students
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 20 years. During this time I have used my personal experiences to help a tremendous number of other College Station real estate 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. If you are the parent of a Texas A&M student, I believe the facts below demonstrate how profitable a College Station investment property can be.
Buying vs Renting
Student housing is the single largest controllable college expense. Quality, near-campus rentals in College Station 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 pay as much as $1000/month per bedroom in rent for premium housing close to campus.
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 myself, I firmly believe that owning your student’s College Station home makes good financial sense. Take a moment to consider these numbers:
As you can see, the potential financial benefits are pretty clear. There are also other tangible benefits. As an Aggie parent 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, condo or townhome, where the surroundings are quiet and the parking is close.
Please contact us to ask questions and discuss options or to make an appointment to view some properties.