College Town
Reasons to Own a Boston Rental Property
In addition to the fact that Boston, MA is an overall great place to live, owning a Boston rental property is a very smart investment for reasons other than just Boston’s appeal.
Out of the 100 plus colleges located in New England, half of them have campuses located in the Greater Boston area. In fact, about one fourth of Boston’s population is college students, which means approximately 160,000 college students come in and out of Boston rentals every year. Some even call Cambridge the “original college town”.
In addition to the large student population in need of a Boston apartment to rent, Boston’s tight development laws and even tighter amount of undeveloped land make rental properties a hot commodity.
With a smaller stock of Boston apartments, students need to outbid each other to secure their Boston apartment for rent, while the property owner gets to reap all the benefits. Additionally, these investments seem to be recession-proof. Despite the current economic conditions, Boston real estate has fared far better than other major US cities.
Convinced yet? Check out our listings of multifamily and apartment complexes for sale.
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