Multi Family Unit Investing (not the best location)

[Daniel Sanchez]

Good afternoon BP community! I'm seeking advice on investing in an area that is not considered the best area to live in. My brother and I just finished closing on a fourplex in Jacksonville Florida. As new investors, is there any tips or advice we should follow to make sure we run our rental property efficiently. Thank you!!!

[Elenis Camargo]

Hi again! We manage a lot in 32209 and it's mainly about tenant screening. If you have a problem tenant, it can really cause a lot of issues in the quad with the other tenants. Of course it's never guaranteed that you can tell if the person will be a problem during the screening process but we put a lot of effort into the screening to have the best chance as a smooth tenancy for all the residents in the building. There is more turnover and payment issues in that zip code in quads but it really all depends on the building and the street it's on. Hope to speak with you soon!