Will it be difficult to rent a murder house?

[James Fisher]

Here is the scenario.

The Good:  Great neighborhood, excellent location, 3 bed/2 baths, nice lot, garage, excellent price.

The Bad: Arson.  The former owner tried to burn it down.

The Ugly: The former owner murdered his wife and then committed suicide as the house was on fire.

I don't believe in any superstitious nonsense, but I'm sure renters do.  I'm looking for a new DIY project and the situation above has presented itself.    

Will this rent or will it require a deep discount to fill?

[Scott Mac]

Hi James,

That would leave a lot of houses in some parts of Chicago vacant.

But if it's in a small-ish town, for a few years is might (or it might not) mean a reduction in rent below market levels.

If that unknown risk factor is bothering you, it might be better to just find another house and sleep well at night.

Good Luck with your decision!