St Louis County Landlord Friendliness

[Nathan Anderson]

Hey, St Louis investors - do any of you have familiarity with different areas/neighborhoods of St Louis and St Charles county rental markets? I am wanting to get into SFR rentals in these areas, and I'm curious whether there are any areas that should be avoided due to overbearing anti-landlord rules/occupancy requirements, etc that would make it challenging to rent out a property. From what I understand, Missouri is generally more landlord friendly than Illinois.

[Mike Stahlman]

Avoid Berkeley they have a new rule as of 2017 where only a percentage of homes per street can be rented. After I think 30% the streets must be owner occupied. We purchased one a week after the ordinance went in to affect and had to sell it which is challenging under 80k. 

We also avoid the St Louis bubble. Around the city because most of it is a war zone. Not to say there aren’t ok properties there but finding good contractors there is challenging. 

I think most of south county and west north county is ok. St Charles County is generally ok also. Not sure about anything else yet. 

Hope that helps.