Do you invest in high crime areas?
For those of you who actively choose to invest in high crime areas, what do you make sure to factor into your numbers?
-higher vacancy
-higher possibility of turnover
-hiring a property management company with skill and experience in that area
-more repairs/maintenance during and after
-tell me more [please and thank you!]
Most Popular Reply
I purchase in high crime areas. I usually get duplexes in decent condition for about $22k and put a couple of Grand into it with myself doing the work. I make $700 per unit per month.
I have all long term tenants who pay on time all the time and they take care of my places. I find most landlords in high crime areas just want the cash but don't duo their due diligence when screening tenants.
Ultimately if you screen properly, have a well taken care of property and you are a good landlord, you will get good tenants.