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Straight Up Chicago Investor Podcast Episode 211: Peeling Back The Onion On Student Housing In Chicago

Straight Up Chicago Investor Podcast Episode 211: Peeling Back The Onion On Student Housing In Chicago

Welcome back to another exciting episode of the Straight Up Chicago Investor Podcast! In this episode, we have the pleasure of hosting Harrison Cohen, a seasoned real estate investor who has successfully built his portfolio by focusing on student housing near Chicagoland universities. Harrison shares his insights, experiences, and valuable tips on investing in this niche market. If you're interested in exploring the potential of student housing as an investment opportunity, this episode is a must-listen!

Why Student Housing? Harrison begins by explaining why he decided to focus on student housing. He highlights the consistent demand for housing near universities and the potential for higher rental yields compared to traditional residential properties. With universities like the University of Chicago, UIC, DePaul, and Loyola in the vicinity, the Chicagoland area offers a prime location for this investment strategy.

One of the key takeaways from this episode is the importance of understanding the nuances of student housing near different universities. Harrison delves into the unique characteristics of each university and how they impact the student housing market. From the preferences of students to the proximity of amenities and transportation, he provides valuable insights that can help investors make informed decisions.

Leasing to student tenants differs significantly from leasing to market tenants, and Harrison sheds light on this aspect. He discusses the challenges and opportunities that arise during the leasing process, including the importance of marketing to students, understanding lease terms, and managing turnover. Listeners will gain a comprehensive understanding of the leasing process specific to student housing.

As with any investment, there are lessons to be learned along the way. Harrison generously shares his experiences and offers valuable advice on underwriting student housing investments. He emphasizes the importance of thorough due diligence, understanding the local market, and building a strong network of professionals. Additionally, he provides insights on how to pivot and adapt when faced with unexpected challenges.

Investing in student housing near Chicagoland universities can be a lucrative opportunity for real estate investors. In this episode, Harrison Cohen provides a wealth of knowledge and practical advice for those interested in exploring this niche market. From understanding the nuances of different universities to navigating the leasing process and learning from past experiences, Harrison's insights are invaluable. So, grab your headphones and tune in to this episode to gain a deeper understanding of investing in student housing and how it can help you build a successful real estate portfolio.

Watch Straight Up Chicago Investor Podcast Episode 211 in Full Here

Questions We Answer In this Show:

Q. Exploring Rental Options for Students Near DePaul University

  1. Video

Q. Improving Security Measures for Student Housing in Hyde Park

  1. Video

Q. Investing in Student Housing on the South Side of Chicago

  1. Video

Show Notes:

  • 04:07 Housing Provider Tip: Be mindful of incorrect tax exemptions being applied to your property!

  • 06:25 Intro to our guest, Harrison Cohen!

  • 07:07 Why focus on student housing?

  • 09:38 How is student housing different from standard rentals?

  • 11:38 Harrison discusses housing for University of Chicago students!

  • 20:20 Harrison talks about student housing near UIC!

  • 26:41 How to succeed with student housing near DePaul University?

  • 29:13 Are there investment opportunities near Loyola University?

  • 30:38 Harrison gets granular on the leasing process for student housing!

  • 38:45 Does the Chicago RLTO apply to student housing? 

  • 48:00 What is Harrison's competitive advantage? 

  • 48:24 One piece of advice for new investors.

  • 49:00 What do you do for fun?

  • 49:40 Good book, podcast, or self development activity that you would recommend? 

  • 51:25 Local Network Recommendation?

  • 51:57 How can the listeners learn more about you and provide value to you?

Guest Name: Harrison Cohen

Guest Company: Triton Realty Group

Guest Link: https://www.tritonrealtygroupllc.com/team/harrison-cohen

Other Links for show notes:

SUCI Ep 22 - Matt Fritzshall

Crushing It in Apartments and Commercial Real Estate (Book Recommendation)

Chris Titcomb (Attorney)

Chicago Investor Resources Shared

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