Your Favorite Year for Apartment Complexes? Why?

[Jesse Daconta]

In your opinion, what's your favorite build date of apartments and why?

[Shellie H.]

I don't have a favorite yet, but I agree that I tend to avoid anything older than 1979 so that I can avoid the led paint issues - you can test for it very simply with a kit, and then entomb it/encase it, but what a pain.  However, I know of another investor who likes 1988 and newer.  He states that it is because it takes less to bring them up to market rents, and they usually have more modern amenities in place such as washer/dryer hook ups, etc. I have personally noticed in some of the older complexes that even something as simple as ceiling fans that are added after the fact, if they are not installed properly, cause more problems than they are worth (hot spots where they joined wires and did not put in junction boxes, low ceilings so they hang too low so tall people cannot walk through the room, etc.).  But, in my area even the old crappy apartments have high rents and fly off the market. They are building new complexes like crazy too.  I am not an expert, but I hope this helps.