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Updated over 5 years ago on . Most recent reply

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Nathan Shankles
  • Rental Property Investor
  • Fresno, CA
47
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109
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In general what is the most profitable tenant demographic?

Nathan Shankles
  • Rental Property Investor
  • Fresno, CA
Posted

I currently own 2 properties: a duplex and a single family home. I’m looking to buy my next one and had this question come to my mind. In general, is there a specific demographic that is most profitable as tenants? If so what is it?

Most Popular Reply

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435
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Karen F.
  • Investor
  • San Diego, CA
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435
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Karen F.
  • Investor
  • San Diego, CA
Replied

Highest return on investment, but highest aggravation, is class C multifamily, in not great areas, but not in horribly dangerous inner city areas.  Tenants that pay on time without any problem?  The older man with a good steady job, and an old narcotics conviction from 20 yrs ago, a number of Hispanic families with steady jobs, and who understand that you're supposed to pay your rent every month, an older Hispanic gentleman who is paying about 80% of market rent (we inherited him when we bought the building) and is so grateful that he pays BEFORE the first of the month, a very well organized AA woman with kids and a job and Section 8.  Biggest problems have been young adults renting for the first time in groups who don't understand that they have to pay the rent, and worst of all have been ANYONE who came with an agency (other than straight Section 8) or coming out of a homeless shelter.  Every single person who has previously been in a homeless shelter, or comes with the help of a social service agency, has been a nightmare whom we've had to evict within a few months.  Every single one.  Basically, if they ever wound up in a homeless shelter, or needed a social service agency to help them find an apartment, there was a reason, and that reason makes them impossible to house.

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