Can a low end rental property be converted to a strong higher end rental and support the neighborhoods? Yes. Here on Seneca Street a former distressed student rental, now refurbished, was rented upon its first showing to a professional...at a rent healthy enough to both make a profit AND maintain the property. And yes, the numbers work. Such rentals strengthen neighborhoods, strengthen property values and the tax base, and also attract tenants with sufficient income to spend downtown and support local business. To quote Shane Broadwell from the recent ORA video, its about raising the bar.
Posted on: Sat, 10 Jan 2015 20:32:02 +0000
Trending Topics
Recently Viewed Topics
© 2015