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Updated over 5 years ago on . Most recent reply

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Kim Herrick
  • Aurora, IL
6
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27
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Small Town Nuisances

Kim Herrick
  • Aurora, IL
Posted

I am considering purchasing a duplex in a small town. When chatting with some very helpful people here on BiggerPockets something popped up that I never considered.  Longer vacancies because of the limited pool of qualified tenants. 

Does anyone have any best practices to market for tenants in small towns? I was thinking of going to churches, I posted an add on Craigslist and didn’t get a single hit. There is s college near by but the property is in a more residential area about a mile from campus, but this seems to be my best option  

Is there anything anyone has tried that has helped fill their property with a quality tenant in a timely manner? Also what vacancy rate are you using in a smaller town to evaluate deals before purchasing?

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4
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1
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Kelly Clarke
  • Rental Property Investor
  • Bennington, VT
1
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4
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Kelly Clarke
  • Rental Property Investor
  • Bennington, VT
Replied

I know you've probably moved on by now, but I own a duplex in a small town.  I think as long as you live locally, it can be a really good option! I usually have my unit filled with people I know or friends of friends.  Happy to talk more if you are still considering it. 

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