Student Rentals with Gillian Irving, Host of Mothers of Real Estate

Everyday Investor with Rav Toor

English - November 09, 2019 16:30 - 21 minutes - 14.7 MB - ★★★★★ - 2 ratings
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Previous Episode: New Forms of Investment with Cato Pastoll co-founder of Lending Loop

Next Episode: Large Scale Value-Adds with D’Arcy McConvey

In this week’s episode, Rav interviews Gillian Irving, one of the hosts of ‘Mothers of Real Estate’, about how to make money investing in student rentals and why she loves it so much.

Episode Highlights:

How student rentals work
Why Gillian is so thrilled with them
The importance of having parent involvement and a good property manager
A case study

Quotes:

“I have never lost a dollar investing in real estate.”

“Real estate investing is boring in a fantastic way.”

“It’s just money all day long.”

“I love student rentals – they’re my favourite.”

“Rather than renting it out as a home, you rent out each of the individual rooms and…you get this magnified rental income by the students.”

“It’s a really great strategy in terms of putting money in your pocket every single month, and like the forced savings that happen from the mortgage paydown and appreciation.”

“Wherever possible you want the parents to co-sign.”

“No one wants their kids to stay in a dive.”

“There’s many ways to skin the student rental cat.”

“I just have found that I’ve not had any of the hiccups that you would expect exist with this strategy.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

Mothers of Real Estate homepage: http://www.mothersofrealestate.com/