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Updated over 5 years ago on . Most recent reply
Success in renting during the last recession
Hi guys, I know this is a broad question, and I know that it "depends". But just looking for general consensus; hoping to guide my research in narrowing down my market. In your experience, what was the factor(s) that set apart rental units that were "successful" from those that were "unsuccessful" ones during the last downturn? Geographic location like west coast/ east coast versus Midwest? Urban vs suburban? Income level of your tenants like white collar vs blue collar? Lower rental rates vs higher rates? Good schools nearby? Neighborhood class like B vs C? SFR vs MF? Proximity to things like hospitals and universities? Diversity of industries in your town... Etc? I hope this is an interesting topic that successful investors would like to shed some light on. Thanks a lot for your time!
Eddie