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Updated over 5 years ago on . Most recent reply
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Small Town Nuisances
I am considering purchasing a duplex in a small town. When chatting with some very helpful people here on BiggerPockets something popped up that I never considered. Longer vacancies because of the limited pool of qualified tenants.
Does anyone have any best practices to market for tenants in small towns? I was thinking of going to churches, I posted an add on Craigslist and didn’t get a single hit. There is s college near by but the property is in a more residential area about a mile from campus, but this seems to be my best option
Is there anything anyone has tried that has helped fill their property with a quality tenant in a timely manner? Also what vacancy rate are you using in a smaller town to evaluate deals before purchasing?
Most Popular Reply
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I know you've probably moved on by now, but I own a duplex in a small town. I think as long as you live locally, it can be a really good option! I usually have my unit filled with people I know or friends of friends. Happy to talk more if you are still considering it.