Raising rental value

[Alexis H.]

I have seen quite a few multifamily units on the same block for sale, which I know at times can be a red flag. However, after doing all Due diligence and everything checks out.. is it possible to singlehandedly raise the rental value of that particular area? I have my eyes on this new construction project with multiple properties that I feel has a low rental value because of the older property behind it.. if I purchase enough of these properties is it possible to get what they are worth in rent every month?

[John Teachout]

If someone can buy enough properties on a street and refurb them, then yes, you can bring up the whole area (even if it's small)

If I had a rental and there was a boarded up home next to it, I'd try to acquire that one too and refurb it. It doesn't take too many trashed properties to drag an area down. And sometimes just a few being brought back from the dead can help "neighbors" start to pick up their junk too.