61% occupied for 2023-24 year. 984k in leases signed from October 4th - 27th.

You’ve got to time the Adderall generation carefully. If you show up too soon for a work order, they’re going to ask you to remodel the kitchen, but if you show up too late they forget to even answer the door.

That playground near your house with the parents hanging all over the kids as they dangle precariously 2” off the ground is just the JV version of my business but in mine the Capri Suns hit a lot harder.

StudentRentalPro Baba Ghanoush Holdings

Double-edged sword of renting to Greek Life.

I raise my price $200 on a house they desperately want. Who cares? It is Mom & Dads $.

But the inverse is true too.

I can lower it $500. Doesn't matter if they don't want it. Same thing. Ain't their money.

Awesome/terrifying.

When Dads ask why me rent is high, I gently point out that so is my insurance, my umbrella policy, my blood pressure, my CapEx budget, my plumber's bill, my threshold for pain, & also their son (plus his roommates) & then he realizes he's getting a deal which u know Dads love.

One upside to these 65% LTV term sheets is that bankers quit using the word relationship & that saves me time to roll my eyes at my work orders instead.

When I’m having too good of a day I think about how those 5 guys vaping while they are signing my lease are somehow responsible for paying for my kindergartners piano lessons and that pretty much takes care of that.

Reminder to myself.

Getting rent from students is like going to the ATM. But getting money from damage is like going to the DMV.

It might be appropriate, but always worth considering this.

Is it worth the headache? 98/100 times the answer is no.

Me to Chi Os: it’s nothing special but you can tailgate in the front yard

Chi Os to their Moms: it’s > than the St Regis we stayed at in Deer Valley

Moms to me on move-in day: I’m going to kill you

Most (all?) of my business is a bet on human nature.

1. Upper middle class parents want their kids to be in college.
2. Kids wanting to be near bars is evergreen.
3. The moat surrounding this niche is that it’s hard.
4. Peer pressure is stronger than a parental guarantor.