Far Eastside Indianapolis Extremely High Eviction rates

[Scott P.]

Hi 

There seems be an extremely high number of eviction filings from  rental applicants in this  particular area.....

It doesn't have anything to do with the rental house nor the rental amount. 

Does anyone own rentals in this area? How do you mitigate the risk?

Do you just deny all applicants with previous fillings for evictions? ( even if the eviction was not completed)  It seems like 99% of applicants have a filing with the court system. 

[Joel Wilmoth]

I would not get in a hurry to accept a tenant and then lower your standards.  Our company specializes in B-C grade and frankly, these areas are slipping into the lower part of the B category based on locational issues.  Nevertheless, for 20+ years we have been managing these challenging properties and 2 important lessons learned:  

1. People do not change.  Once they have one eviction, it is much easier to accept a second one on their records  

2. If you offer a nice home at a fair price, you will have plenty of applications to choose from and will find the diamond in the rough.  If these rules were not true, we would have given this up years ago.  

You can make it work.  Don't give in to the temptation of lowering your standards.