I went to inspect a house and the floors are sloped. Everything else seems to be fine. It stopped moving a long time ago so structurally the house should be fine, but it's still noticeable. Would I have a lot of trouble renting to a couple? How bad is that?
If you're talking about a high-end luxury property, your renters care about everything. If you're talking about a cheap student rental, they wouldn't care if the roof was on fire. If you're somewhere in-between, the answer is "it depends."
In my experience, uneven floors aren't something renters care that much about if they're not that bad. Maybe you lose a few bucks off the top market rent.
More importantly: how do you know it's "structurally fine?" Unless you've got experience with inspecting foundations, get the opinion of somebody who does...It could be better or worse than you think at first glance.
If you're talking about a high-end luxury property, your renters care about everything. If you're talking about a cheap student rental, they wouldn't care if the roof was on fire. If you're somewhere in-between, the answer is "it depends."
In my experience, uneven floors aren't something renters care that much about if they're not that bad. Maybe you lose a few bucks off the top market rent.
More importantly: how do you know it's "structurally fine?" Unless you've got experience with inspecting foundations, get the opinion of somebody who does...It could be better or worse than you think at first glance.
I'm not a landlord but I'm into common sense, so let me just say this, crappy unit equals crappy tenant. If the slopping floor can be fixed at a reasonable cost then fix it. If you get it cheap enough then wholesale the property off to a rehabber. I don't remember the podcast but they did talk about crappy units in nice neighborhoods and the crappy units always attracted crappy tenants.