Targeting the 60+ Year-Old Renter - Good Idea, Bad Idea?

[Abby Paulson]

A fellow investor recently said to me, "I want a 60 year old renter because they're stuck in their ways and I want them to be stuck in my home." 

If this is the target renter, you'd have to have single-story homes without stairs, which is certainly something to think about before buying. With the 60+ population growing as baby boomers get older, this could be a fairly good strategy at first thought. 

Curious to learn what others think of this concept. Please share!

[Richard Heine]

My best renters are retired people with family in the area. They never leave and they take good care of the place Having family around is their financial backup and the relatives help with housework.  These days 60 can still be pretty mobile.  Worst renter is young gal with baby and new boyfriend.