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Updated almost 3 years ago,
HELP! How find qualified tenants in a rough neighborhood
I recently purchased a 4 plex in a rougher neighborhood. Many people responded to my vacancy units ad on craigslist.
However I am running into problems that neither they are not qualified, or qualified tenants don't like the neighborhood.
The criteria I used: 1. no criminal/eviction history. 2 good rental/credit history. 3. Make 3 x of the rent household income ($2500 minimum). 4. able to pay first and last month of rent along with $300 security deposit.
The ad has been posted over a month now, I start to wonder what is not working:
1. I can lower the rent, but it might attract wrong types of renters.
2. I can lower the income requirement?
3. I need to look into section 8 tenants?
Any advice would be very appreciated. Where do I find more information of requirement of section 8? what paper work would be required?
Thank you everyone in advance.
Grace