It's no secret that I only purchase places in neighborhoods that I believe are thriving and that are in close proximity to the water (I sort of rely on God not relocating the Atlantic Ocean anytime soon).
I do not buy property in neighborhoods that are considered high risk, in terms of crime and development. It's just not what I do.
Has this protected me from having to evict tenants? No. Has this protected me from having my tenants commit crimes? No. Has this helped me sleep at night? Yes.
There are many ways to buy and rent property. Ways that are outside of my comfort zone. You hear me talk again and again about numbers and purchasing strategy but, to me, owning homes is about much more than just turning a profit.
I do what I do.
Do you have questions about it? Or any experiences that you'd like to share? Opinions about slumlords?
Let's talk...
Note: When I mention in the video that all of the properties that I've purchased are within a few of square miles of each other, I was referring to the properties in South Florida. All are located in East Fort Lauderdale, majority in, or near, Lauderdale-By-The-Sea. However, I do own a townhouse in Gainesville, and obviously we recently moved to Jacksonville. The point I was making, is that I only purchase in neighborhoods that I am willing to live and invest myself in.
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My boyfriend recently ended a temporary job position, where the company provided housing for all the temps (they all lived in the same house, kind of like a fraternity house). Even though they were all guys, and guys aren't the neatest creatures, this place was ridiculous. Leaking sinks (and I don't just mean a drip, I mean the whole counter and floor covered in water kind of leaking) were the biggest issues, and the landlord was contacted many times and he never did anything about it. Stuff like that happened a lot.
It was a good neighborhood and all. But I wanted to rant about this again. haha
HOLY COW, Lauren. You'd think they'd want to take care of that. It's going to end up costing them so much more now. Crazy.
Andrew had a landlord like that in Chicago back in the day. He said the guy was so careless that he couldn't even remember to collect rent. And THEN he gave Andy a hard time about returning his deposit!
what about student ghetto housing?
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