🎤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