Worst month to find renters
A couple questions.
In your experience when is the worst time to have a vacancy? My guess is around the holiday season.
Second question is from a risk perspective. I have an opportunity to purchase a house that is next to one I already own. I like the idea of having two places close to each other from a logistics perspective. However should I be concerned about risk factors such as a neighborhood fire, giant crime spree the drags the area down etc. Just concerned about risk exposure with two houses next to each other.
Most Popular Reply
Worst month is December. Second worst month is January.
I disagree with the others about having all your rentals in same area. I own 7 quads and they are all within walking distance of each other. I am not driving all over town to service them. They are local to me so I can check in on them easily which I could not do if my properties were in another state. With my properties being so close, I know almost all of the property owners and we watch out for each other's units.