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Any Property Management recs in Seattle area? :(
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Subject Expert
50% is a lot. I wouldn’t buy where 50% of properties were rentals.
Subject Expert
I would have less concern about this. In most cities there are apartments or retail business along the major streets bordering single family neighborhoods. I looked at censusreporter.org but have no idea if there are others that are better.
It increases the likelihood that the majority of residents aren't going to care that much about the state of the homes or the condition of the neighborhood.
Subject Expert
It only matters if there are restrictions in the CC&R’s around the number of units that are allowed to be rented. It means nothing if you plan to live there.
Mentor
MD that's one reason but certainly not the only reason.
50% is a lot. 25% or lower is better. Renters don't care and frequently owners of rentals sadly do the bare minimum of maintenance.