Rental Property Investor · Phoenix, AZ · Member since 2019 · 2 posts · 1 vote
I have my eye on a cash flowing rental property. The problem is that this beautiful property is in a neighborhood with no HOA, which allows the immediate neighbor to have boarded up windows, trash all over their front and back yard, and a driveway full of trashed cars— it's not a great sight to look at. I'm afraid the condition of the neighboring house will attract mediocre tenants and/or result in me not being able to obtain market rent for the property. How big of an issue is this?
Real Estate Agent/Investor · Peoria, AZ · Member since 2016 · 2k+ posts · 2k+ votes
5y
@Andrew Clark
Huge issue. You can make the house look like a Beverly Hills mansion, but you can't control bad neighbors that aren't breaking the law. That neighbor will be the bane of your existence as your tenants will probably won't stay for long and your turnover costs will probably be an annual headache.