Renting to College Students: $4,000/Month Cash Flow by the Room | Ryan Chaw

🎤Would you rent your house to college students? Ryan Chaw rents one Ohio home to 12 students for $7,360 a month, room by room. Most landlords picture a frat party every weekend. Ryan found his student tenants were better than the general population. Jim Remley, host of Icons of Real Estate and a multifamily investor himself, talks with Ryan Chaw, a Doctor of Pharmacy who built 14 rent-by-the-room properties near universities while working full-time. You’ll learn where to buy student rentals, how to set up a rent-by-the-room house legally, how to keep tenants and leases running smoothly, and how to finance and scale at today’s rates. 🎧 **Hosted by:** Jim Remley 🎤 **Featuring:**  **Ryan Chaw –** Doctor of Pharmacy and rent-by-the-room real estate investor with 14 properties. He bought his first rental in Stockton, California in 2016, became a millionaire at 28 and retired from his pharmacist job at 31. He now coaches investors on the rent-by-the-room strategy.  💡 **What You’ll Learn in This Episode:** ✔️ Student housing near nationally ranked colleges draws grad-student tenants  ✔️ City caps on unrelated tenants can limit rent-by-the-room rentals  ✔️ Keyed bedroom locks meet today’s tenant demand for privacy  ✔️ Group leases with friends create self-regulating households  ✔️ DSCR loans may need 25–30% down when the debt ratio runs low  ✔️ Building one local market first makes out-of-state investing easier  💡**Key Questions Answered in This Episode**  **Q: How should a landlord handle an eviction?** **→** A: Ryan Chaw, a pharmacist-turned-investor with 14 rent-by-the-room properties, handles evictions by working with his lawyers and a property manager they recommended who has dealt with many evictions. Ryan says a lawyer makes the process much easier, and his only two evictions were inherited tenants, never students. **Q: When should I hire help to manage my rentals?** **→** A: Ryan Chaw hired his first virtual assistant, a bookkeeper, after self-managing five properties while working as a pharmacist, once tracking rent and utilities every month became a chore. Ryan now has three virtual assistants plus a house supervisor who does quarterly inspections. **Q: Why would college students rent a room off campus instead of living in a dorm?** **→** A: Ryan Chaw explains that on-campus housing costs about $1,200 a month plus a meal plan and parking, while an off-campus room runs about $650 to $700. Students also get a private bedroom with no roommate, no meal plan and no parking fee. **⏳Timestamps (Click to Jump!):** 📌00:00 - Millionaire at 28, Retired at 31 📌00:26 - Pharmacist to Rent-by-the-Room Investor  📌02:53 - $7,360/Month From 12 Students  📌04:08 - Student Tenants & an 80-Person Party  📌06:55 - VAs & the $50 Head Tenant  📌08:48 - Zoning, Permits & Adding Bedrooms  📌11:54 - 10-Bedroom House Bought at Comps  📌13:30 - DSCR Loans & Student Leases  📌16:40 - W2 Income & 7 - 8% Interest Rates  📌19:19 - Why Invest Near Top Colleges 📌20:33 - Evictions, Coaching & Free PDF Guide  **Connect with RYAN CHAW:** - Facebook: https://www.facebook.com/ryan.chaw/ - LinkedIn: https://www.linkedin.com/in/ryan-chaw-0a9995187/ - Instagram: https://www.instagram.com/caocao8888/ - YouTube: https://www.youtube.com/@ryanchaw1 - Website: https://www.newbierealestateinvesting.com/ https://www.newbierealestateinvesting.com/guide https://www.newbierealestateinvesting.com/blog/ ⭐ Produced by Icons of Real Estate - https://iconsofrealestate.com/ Subscribe, leave a review, and email podcast@iconsofrealestate.com to apply or nominate for a feature. #RentByTheRoom #StudentHousing #RealEstateInvesting #CashFlow #DSCRLoan #FinancialFreedom #IconsOfRealEstate #RealEstatePodcast