All Forum Posts by: Julie Philpott

Hi, I'm curious about potential new development in Franklinton. 

Hello everyone, I recently noticed drug use near my property in Franklinton. I'm curious if there are any future plans for this neighborhood beyond developments like the Gravities, Bottoms Up, and other breweries. Is gentrification happening quickly here, and is the area becoming safer?

I have not personally owned any Section 8 properties. However, from the perspective of the tenants I know, including friends and family who are Section 8 tenants, I have observed some concerning behavior. There have been stories of tenants intentionally causing damage, such as purposefully leaving a faucet running to increase the water bill and damage the property. Additionally, some tenants have refused to leave the property when their voucher expires, leading to housing court issues. It's possible that they are turning up the heat to the maximum because they are part of a utility-subsidized bill program. However, it appears that they are neglecting the maintenance of the property.

 yes, I was thinking of this too.

 I believe the landlord has not bothered to update anything in the building and is okay with the low rent. Long-term tenant too. 

There are already some tenants in place, but they are paying below the market rate.

Hi everyone,

I’ve found a multi-family property in North Linden that I’m interested in purchasing for a buy-and-hold investment. Before this, I’ve come across several older multi-family buildings that lack central AC (tenants use window units), don’t have in-unit washer/dryers, or have smaller square footage.

Being from Boston, these issues wouldn’t normally be deal breakers for me, but my realtor mentioned that they might be for tenants in Columbus. According to them, it could be challenging to find tenants if I go ahead with the purchase.

I wanted to get your thoughts on this.

It seems that pricing is a major concern based on the feedback. If there are over 10 rental listings on the market for more than 30 days, could it be inferred that at least 10 landlords have mispriced their rentals for the entire neighborhood/area? For instance, a three-bedroom, one-bathroom property listed at $1,450 has been available for 37 days (zip code 43205) or a two-bed, two-bathroom property listed at $1,900. Another question is whether these properties are being repriced to their fair market value and how long it might take to find qualified tenants in this area.