I've got 7 units in Barre and my vacancies are short and infrequent. Alot of my tenants are subsidized, but FMR is fairly decent. Flood insurance bites into my profits, and the city housing inspector is a jerk, but other than that it's a solid investment here.
We have our fair share of undesirables, but you can usually weed them out with proper screening! There is a significant amount of drug activity here as well. There are a few areas to avoid, but most of it is just fine.
@Samantha Hiscock That is true, every town/city has some sort of drug activity. Thanks for the insight, its greatly appreciated!
@Amy Paradis Hey Amy, all is well hope the same for you. That would be great if you could put me in touch with her!
That is kind of my concern with Rutland or Barre, they are both so affordable compared to St. Albans for a first rental property but even by St. Albans standards the drugs in those areas are really bad. Being in Vermont if someone got into the apartment that was a bad fit an eviction could be devastating at the start.
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