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Renting units in a rough area
Hi All,
my partners and I purchased a property in a less desirable area a couple years ago. Since letting go of some problem tenants we've had struggles renting out the vacant units as potential tenants sign up for unit showings only to leave once they see the area. This stems directly from the tenants in the surrounding units but the problem is, the owners of these properties don't necessarily care about their behavior and just the rent that comes in. Has anyone dealt with a situation like this before? If so, what are some solutions that were effective?
Thanks in advance for your input!
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- Youngstown, OH
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Other than large, tall fences, I don't know what else you can do. I'm going to assume that there isn't strong, prevalent zoning in the area. If there is, I'd get them on speed dial and do everything you can to make life difficult for your neighboring owners. Or better yet, reach out to the neighboring owners and see who you can get to sell their properties to you.