Screening in C class neighboorhood? Vacancy?

[Robert Hernandez]

Hello,

I am in the process of purchasing a quadplex in a C class residence. This would be my first investment.

Area is low income, 2br/2 bath run anywhere from $650 to $800. This mostly seems working class not individual such as prison warden, school teacher, grocery employee. However, that is not to say there is no crime. There have been reported theft every now and than. 

My concern is that I recently found of from the seller that one of the rooms is facing eviction due to not paying. Apparently the tenant has been arrested for what ever reason and failed to pay rent. My concern is finding a tenant in a timely manner. I have a property manager lined up who works in the area and rented one nearby with the same price point and found a tenant in 2-3 weeks. They screen pretty hard too, 3x rent, background, etc.

My concern is I have seen alot of zillow post in the same subdivion at similar price and even lower that have been on the site anywhere from 15 day to 2 month. Should I be concerned?

What can I do to make sure I find a quality tenant in a timely manner? How can I ensure my PM is on top of it? May they screen to hard for the area? Referrals? 

[TIm Harstead]

Just curious what is the average time apartments spend on the market in your area 15 days doesn't seem like a long time in certain parts of Chicago?

Also a note, I have had apartments on Zillow that I have closed out that still show for rent on zillow for months despite calls and emails to them.  They do not always show accurate data. Not to mention leasing agents that leave up apartments already rented to get leads for other apartments