Any Good Tenants in 5th Ward (Frenchtown)?
Question for any investor holding rental property in 5th Ward: What kind of tenants are you getting in 2019?
Can I expect to get good, high income tenants bleeding over from northside/hights? Or is this area still a "no go zone" for tenants who are well off and take good care of your property?
I am looking at purchasing a well renovated home in the 5th ward (Frenchtown) area for a buy and hold. The numbers work out on the price, but I am concerned about whether or not I can find tenants who can afford rent (~$1300). If only local 5th ward residents are renting, I will have to factor in higher holding fees into my deal analysis.
Thanks for you help!