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Updated almost 7 years ago on . Most recent reply

Experience with low income rentals?
I live in Monroe, LA, which has over 50% of residents below the poverty level. The rental neighborhoods are not safe in my opinion, and I have been reluctant to buy because this, which has really held back my growth. I know many investors in this area who buy in these neighborhoods, but I'm just not a fan. I am wondering if there are systems I could put in place to rarely have to actually go into these neighborhoods, if I were to buy? Anyone have experience buying in unsafe neighborhoods? Again, I'm not interested because of the great looking rent to purchase ratio, but it's what I'm working with in my market. I do have a few rentals and have flipped a few houses, but I should be far ahead of where I am by now.
Most Popular Reply

Get a good property manager so you don’t have to go out much. I have several in Monroe and manage them myself. I have the tenant pay electronically and I have a maint guy that handles service calls. I drive by every few months to check on the property