Updated over 7 years ago on . Most recent reply
Rental Property in High Crime Area Fully Renovated
Hello, just signed a contract on my first rental property and a little concerned. I purchased a home just east of fair park in a not so great neighborhood for crime purposes. The street and close streets don't look bad and the houses surrounding are not to run down, but should I be worried about crime? Would love to hear from anybody that has negative or positive experiences. I got a little swept away in getting sick of the bidding wars and just wanted a property and now worried I made a mistake.
The house itself is adorable, great curb appeal and EVERYTHING is brand new (roof, plumbing, HVAC, electrical, appliances) so seems would be low repair cost, but any other things I should be thinking about? I think I should for sure get over 1% rents but realize it may be hard to attract good tenants. Any thoughts at all would be appreciated!!