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Updated over 4 years ago on . Most recent reply

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Sachin Amin
  • Columbus, OH
125
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159
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Civil Fines on on of my rental Property - Middletown, OH

Sachin Amin
  • Columbus, OH
Posted

Hello BP community - I own several SFH nationwide and recently I ran into a violation with one of our Property in Ohio (Middletown(near Dayton) - some kind of Historic town ?????) - the City had put 2 violations on tenants door and we failed to respond back in time that too because tenant was not reachable (I do have PM - freedom group) managing the property in spite of that I ended up paying $300 in fines. what's the deal with these Historic towns , at the time of buying I was not made aware of the historic aspect which comes with additional scrutiny.. I wanted to check any of you own properties in historic locations because they are worse then HOA as I tried to call and explain the city I am out of town and we did address the issue but they would not listen. Is it bad idea to invest in Historic location due to extra scrutiny to landlords ???

cheers

Sachin Amin

Most Popular Reply

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380
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Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
587
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380
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Tanvir Sattar
  • Rental Property Investor
  • Cincinnati, OH
Replied

@Sachin Amin I do not think investing in a historic neighborhood is a bad idea. There are many areas in the Cincinnati area that are currently being renovated and other landlords are going through the same issue. The upside is these properties are in a market with a lot of resale value. The rule of thumb is to always check city guidelines before updating or purchasing so you do not get burned. 

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