Dutchtown Neighborhood Feedback

[Jacob Gammon]

Hey all! Currently looking at a property in Dutchtown. It's near the southern edge of Dutchtown limits, near Delor St. Cash flow looks great and property looks sturdy. Inspections look solid with about $6k in repairs (mostly cosmetic). Cash flow can support a management company taking 10% of the rent, as well as pass all reserves (CapEx, Repairs, Vacancies) assuming 10% each.

I've read that Dutchtown is improving and seeing some revitalization. What is the general attitude towards Dutchtown? Would you invest in the area if the building is right and cash flow is good?

Thanks!

Jake 

[Eric Castelli]

@Jacob Gammon - From my perspective, the secret is simple:   Have nice units and screen, screen, screen.  If you have crap units and are a crap landlord that doesn't respond when there's problems, you end of with crap tenants that don't pay.

I like all my tenants and they like me, as I provide nice units, am responsive and make sure they are taken care of.  This formula works well for me, and frankly I think applies anywhere.  

Eric