Landlording in Class C Neighborhoods

[Garrett Hawk]

I am starting to invest in Class C neighborhoods for the first time. (Previously stayed in Class B and above)

What are some recommendations for screening tenants and rent collection?

(Bigger deposit? Background Checks?) 

Open to suggestions!

[Keith Jourdan]

Originally posted by @Spenser Harding:

@James Wise and @Keith Jourdan - what criteria do you use to define whether a house is located in a B or C neighborhood?  What would be a defining factor that would definitely put an area in a C for example.  I am looking at getting into the lower graded neighborhoods and interested to see what your perspective is. 

Class A. The neighborhood you take your significant other to dinner for your anniversary that costs $200+ for 2. Awesome schools. Hardly any rentals at all.

Class B. Area with desirable school district, 90% owner occupied, mid tier restaurants are in these areas, Apple bees, Fridays etc. A place most people would be proud to live.

Class C. Working class area with not so great schools, pretty safe, 50-70% owner occupied. No vacant/ burned out homes.