Why you must Avoid Unit Turnovers in Bad Neighborhoods

[James Wise]

No real estate investor likes doing unit turnovers. Turning over a unit is always going to hit you in the wallet. How much that unit turnover hurts your bottom line is typically going to depend on the type of neighborhood your rental property is in. Doing unit turnover repairs in bad neighborhoods with low incomes and high crime is going to cost you a lot more money than doing unit turnovers in nicer neighborhoods. When you are investing in bad neighborhoods your goal should be to limit your turnovers as much as humanly possible. Tune in to HoltonWiseTV for more real estate investing advice.

Why you must Avoid Unit Turnovers in Bad Neighborhoods | HoltonWiseTV Highlights

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[Tim Jacob]

This is a good point.   It's why when you look at cashflow if you think long term the nicer neighborhood could catch up or pass the lower neighborhood.  In the higher neighborhood you can afford more aggressive rent hikes bc replacement is much more guaranteed and easier.   In the lower one if someone is paying you hold onto them even if it's notably below market rent.

[James Wise]

Quote from @Tim Jacob:

This is a good point.   It's why when you look at cashflow if you think long term the nicer neighborhood could catch up or pass the lower neighborhood.  In the higher neighborhood you can afford more aggressive rent hikes bc replacement is much more guaranteed and easier.   In the lower one if someone is paying you hold onto them even if it's notably below market rent.