Sometimes we are so close to the subject we can’t see the benefits of it. It is so obvious, but we take it for granted and do not mention it to others who may be new to the area. What I am talking about is the great advantage of having a rental property in a college town. Most kids don’t like to say in the dorm any longer than is absolutely necessary so they are always out looking for a place to rent. With the economy the way it is right now, many people are going back to school since they can’t find work, which puts added pressure on the rental market in college towns. Durango, of course, is a college town being the home of Fort Lewis College with approximately 4000 students. More students, generally means more professors and instructors who may also be tenants until they’re able to get a tenured position.
I bring this all up because I read an interesting article in the online version of Money Magazine today. Rather than rehash it, I thought I’d give you a link directly to that article:
If you would like help in looking at rentals please give me a call I would be happy to discuss that in greater detail with you. Investing in Durango real estate is something that I have done and I own several rental properties. I have written a 20 some page paper specifically about the pluses and minuses of being a landlord and it is very specific to Durango. That would interest you at all, John me an e-mail and I’ll get a copy mailed out to you right away.
