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Updated 14 days ago, 11/27/2024
What are some warning signs that an area is slipping from C class to D class?
I invest out of state in C-class neighborhoods in the Midwest. One of my units MAY be in an area that is going down hill, but I could absolutely be wrong. From several states away, how can I be sure? I'd hate for a temporary dip in the quality of the tenant pool to be giving my landlord "spidey sense" false alarms on account of taking an extra month or two to fill a unit. I'm happy to rent in a C-class area, even though it can take some work to stabilize a property. I don't really want to invest in a D-class area.
Tangentially, what are some of your "it's time to sell this property" red lines when it comes to the changing economic conditions of an area?
Tangentially, what are some of your "it's time to sell this property" red lines when it comes to the changing economic conditions of an area?