Welcome to the Real Estate Investing Mastery podcast.
Today I’m on both audio and video, and I’m excited about talking to Dixie Decker. I met her recently at a national investor meeting.
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Dixie’s from Springfield, Missouri; she was invited to a real estate investing seminar in 2014 and started from there. She joined forces with an old friend who is now her fiancée.
She is renting unfurnished houses to college students. The rent is calculated by the room with one kid per bedroom.
The lease is for the entire rental amount. For example, a 3-bedroom house at $450 per bed would have a $1,350 per month lease with all 3 renters’ names on it.
Dixie’s leases are all for 12 months. She gets the students’ parents to sign a lease guarantee; then, the student can sublet during the summer, if necessary. The same house would go on lease option for $850.
Dixie is methodical with her houses. Tenants move only in the summer. Since parents are involved, the homes are generally left very clean. In fact, Dixie kept only 2 security deposits in 2018.
Watch and learn:
- Learn about renting to college students
- Tenants pay utilities and cover repairs
- Parents guarantee lease
- Self-manages properties
Mentioned in this episode:
- Joe’s podcast on iTunes: Real Estate Investing Mastery Podcast
- Joe’s free book: WLO book
- Learn more about Dixie: Dixie Decker
- Dixie on Facebook: Dixie Decker
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