Apr 25 2024 39 mins 1
Gear up for another episode about building cash flow with today’s guest, Ryan Chaw! He talks about his hard work as a pharmacist that led to where he is now in real estate and serving students by providing them with affordable and high-quality student rentals.
Ryan also shares his strategies for making student housing work in today’s market, handling possible tenant issues, and managing multiple rental properties from different states. Untap one of the most income-producing real estate niches by tuning in!
Key Points & Relevant Topics
- Ryan’s career as a pharmacist and an introduction to his success as a rental property investor
- What motivated Ryan to start buying properties for student housing
- Most important things to consider to make a student housing work
- Renovation costs when adding more bedrooms in a student house rental
- The importance of having systems and teams in place in managing properties out-of-state
- Several ways to find tenants for student housing
- How to vet student tenants and ensure your rental properties are safe
- The idea of having parents co-sign leasing contracts and agreement
- Why property owners need to coordinate with real estate lawyers from a legal perspective
- Typical property size based on the target number of tenants
- Is it still profitable to invest in student housing in today’s market?
- Handling potential tenant conflicts, issues, and disputes
- 4 things students typically look for in student housing
- Ryan’s financing strategies and his approach to winning deals and purchasing properties
Resources & Links
- BiggerPockets
- TurboTenant
- Download Ryan’s FREE guide by visiting https://www.newbierealestateinvesting.com/guide.
- Apartment Syndication Due Diligence Checklist for Passive Investor
About Ryan Chaw
Ryan graduated as a Pharmacist in 2016 and worked at a hospital in Infectious Diseases and Pediatrics. Working in the hospitality field, he built the skills necessary for becoming a great landlord.
Ryan purchased one single-family home a year and slowly built up a reputation at his local college for having high-quality student housing rental spaces. Because he rented by the room, there was double the rental income and a lot more cash flow compared to renting by the whole house. By the age of 28, he became a millionaire and was making multiple 6 figures in rental income on his student rentals.
He started building a community of like-minded creative real estate investors who focus on getting one deal at a time. They provide great quality affordable student housing and have a lot of fun doing it.
In his free time, he travels to many foreign countries to just absorb the culture and life outside of California.
Get in Touch with Ryan
Website: https://www.newbierealestateinvesting.com/
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