Any ideas for owning/managing rental property in an impoverished neighborhood in a way that's positive for the community without gentrification?

1 Answer

Answer :

Many rental properties get so run down. It seems to be human nature that if you have no vested interest in something you are less likely to take care of it, so tenants are not always as careful about appearances as one would wish. So the landlord has to be extra vigilant that the property is well maintained and the tenants you choose must care as well. If there is a lawn be sure that it is mowed and kept neat. Plant flowers if possible. Make sure common areas are clean and light bulbs replaced when they burn out. I don’t have any unique ideas, just what I as a tenant or landlord would want to see.

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