Some people would say that if you have tenants who do not respect the neighborhood in which your property is located, they are not going to respect the property itself. And while this is undoubtedly the case no matter where you go, the cost of entry into a “nice” neighborhood can be extremely cost prohibitive for most people. So what are you going to do? Save up for decades, just so you can buy into an exclusive area? Unfortunately, it dos not always work out that way.
If we all tried to buy into such areas, they would become cost prohibitive. Remember 2006 through 2008, after all. Prices can only get to be so high before they just get outright ridiculous. So the hood may end up being where you have to go for your rental properties, or even for your early flips if that’s your thing. Once you have your hood property, you can actually do a small part to make the area into a better place.
First off, it is okay to hire the people who are going to come up to you wanting some work, provided you start them off with simple stuff, and pay them reasonably. Resist the urge to overpay. Secondly, pick up garbage whenever it starts to become a problem. With city issues, rats and just the general look of trashiness, a little cleanliness can go a long way toward making even the hood look a good deal more presentable to your future tenants.