Real Estate Information Archive

Blog

Displaying blog entries 1-2 of 2

Student Rentals: Still A Great Investment!

by Anthony Litz

Over 19 million people are currently attending or enrolled at colleges and universities in the united states.  Many of these students attend schools away from home and need a place to live, which makes this investment niche thrive!  Experts say this market will flourish until at least 2018, when the last baby-boomer's children enter college.

ecu student housing rental investment Today's students look for homes with the most amenities, such as appliance-filled kitchens, furnished units and washer/dryers. Not often thought of, many students look for fenced-in backyards for their privacy or dogs.  Almost always a rental with a fenced yard rents faster.

Investors can look forward to rental incomes that are sometimes 10-20% greater than with normal tenants.  But on the other hand, time and money put into managing these kind of properties also increases by about 10%, according to an expert that owns over 50 rental homes across the United States.  In Greenville, NC the East Carolina University student properties are almost always occupied with renters, but these type of homes do have more turn over due to a young lifestyle and roommates that come and go.  Single-families stay at rental houses longer than students typically.

Pitt County and ECU offer a lot of opportunity for investors and landlords!  We enjoy a growing student population that will soon have a major increase with the new Dental School, which starts their first class in August of 2011.  "East Carolina University is the academic home to over 27,000 students and is a constituent member of The University of North Carolina", according to their website. There are always good potential rentals in our market for sale, including quite a few single family homes, duplexes and an apartment building from time-to-time.

Would you like more tips? Want a free list of potential university rental properties to look at?  Please call or email us, we are happy to help whether you are a seasoned or new investor!

 

Resources: Realtor.com & ECU.edu

Greenville, NC Ranked #2 City by Forbes Magazine

by Pistol Tingen

In a special report released on March 25 by Forbes Magazine, Greenville, NC ranked second in the category of the nation’s Best Small Metropolitan Area for Business and Careers.  Greenville is the 10th largest city in North Carolina. In 2008 Greenville ranked eighth in the same category by Forbes Magazine. 

Growth and stability continue for the developing city of Pitt County.  Research from East Carolina’s School of Business indicates that the local work force grew by more than 14 percent over the past five years—that’s more than double the growth experienced by the state as a whole.  Employment is essentially spread across these three sectors:  education, healthcare and manufacturing.

Education is the economy’s main engine. With an operating budget of close to $600 million, East Carolina University employs a diverse group of over 5,000 people, while Pitt Community College has more than 800 faculty and staff members.  The 6,000 people who work at University Health Systems of Eastern Carolina include over 400 physicians.  The approximately 100 manufacturing companies in the county employ 9,000 people.

In the larger metropolitan category, Forbes Magazine ranked Raleigh, NC as the nation’s top city for the third straight year -- awarded for its strong job growth, low business costs and highly educated workforce.

If you are interested in learning more about the Greenville, NC - Pitt County area—and especially relocation and real estate information, please contact The Pistol Tingen Team at (252) 321-6161.

Displaying blog entries 1-2 of 2

BERKSHIRE HATHAWAY HomeServices Prime Properties,   Greenville, NC, 2625 Charles Blvd.

Disclaimer