All Forum Posts by: Mike Most

I have recently purchased a nice few units in a Class C area and managing the properties on my own. While having a few vacant units I keep on receiving applications from tenants with a nice percentage of these applicants have in their record an eviction..

Question to everyone, Would you even entertain an application with an eviction on their records if you own properties in lower income area's?

If the answer is yes, how would you protect yourself that this shouldn't happen again by you to having to evict them?

1 Vote

Quote from @Mike Most:

Quote from @Bradley Buxton:

@Mike Most

Look at the rental data and housing supply. Some markets like TX, ID, and to some extent AZ have been building a lot of housing supply and are seeing vacancy rates increase. Also calculate in more insurance and taxes depending on the state. TX and FL have both seen huge increases in insurance rates.

Really appreciated your input.

0 Votes

Quote from @Bradley Buxton:

@Mike Most

Really appreciated your.

0 Votes

Quote from @Ty Coutts:

Shifting your focus to out-of-state markets like Texas and Ohio can be a good strategy. Texas cities like Austin, Dallas, and Houston are experiencing population growth, have strong job markets, and are generally landlord-friendly. Ohio, particularly cities like Columbus and Cincinnati, offers lower property prices with decent rental yields and growing populations.

Both states meet your criteria, but Texas might have higher property prices compared to Ohio. Consider factors like flight convenience, property management options, and your comfort level with the local market conditions. Research specific neighborhoods for safety and rental demand to ensure they align with your investment goals.

Hope this helps. Feel free to reach out if you have any other questions

Thanks loads

0 Votes

Hi,

I have done and still own some small multi families in NJ area since I live with in the hour drive. Being that competition is big, it no longer makes sense the numbers that have to be offered in order to get the deal.

I’m looking in to shifting to out of state and I’m open to be on site pretty often by hopping on to a flight.

I’m debating between markets in TX and Ohio but in the same time willing to hear that I’m completely off between these 2 states or that their are better.

I am looking for places where population is growing, prices are not too high, landlord friendly, rent are above $1200 for 2BR, big businesses and jobs and a very big focus by me is to be in a safe area.

I would appreciate if I can get some honest opinions on this. TIA

4 Votes

All Forum Posts by: Mike Most

Mike Most has started 2 posts and replied 5 times.

Post: Applications with Eviction on record

Post: Debating between markets

Post: Debating between markets

Post: Debating between markets

Post: Debating between markets