We really like the area near UALR and getting ready to buy a 12 plex next door to UALR and re-position it from
C class tenants at $ 575 to B class tenants at $ 695 to $ 750.
I think you are looking at <
c class tenants which implies either landlords with experience in that class or expect a fair amount of work.
Not exact matches
In addition, landlords of
Class B and
C properties can stage office spaces and better compete with new builds by offering
tenants modern amenities and layouts, the company says.
We don't sell the
C / D junk like many folks do in Cleveland, Columbus, (and everywhere)... and, therefore, we don't have fake CAP rates that are cute at 13 and instantly disappear when the first D
class tenant trashes the place costing $ 11K to rehab.
For most landlords that have
C / D
class properties or iffy B
class the
tenant base is most likely not collectable.
Class C Apartments - These apartments are older properties built within the last 21 - 30 years in working class areas typically occupied by blue collar workers and even some Section 8 tenants (please see my article on Sectio
Class C Apartments - These apartments are older properties built within the last 21 - 30 years in working
class areas typically occupied by blue collar workers and even some Section 8 tenants (please see my article on Sectio
class areas typically occupied by blue collar workers and even some Section 8
tenants (please see my article on Section 8).
Given this lack of new supply,
tenants will likely consider options in
class B or
C properties, or continue leaving the core for the suburban markets.
But the same can't be said for
Class B and
C mall REITs; the ever - increasing portion of consumers doing their shopping online is putting a dent in the revenue of mall
tenants, which is in turn harming the investment vehicles that rely on them.
Taking advantage of an impending boom in industrial space for marijuana growers — notably
class - B and
class -
C warehouses — isn't as simple as just snatching up properties and signing up
tenants.
Having «
C»
class units in the middle of A&B areas gives
tenants opportunity to do business in the same area where individual with higher income are doing business.
But the vast majority of the
C -
class or lower
tenant base doesn't treat their rental units in the same way youd see an owner occupant in a nice suburb treating their home.
Having a zero tolerance to
tenants disrespecting the properties would not be a possibility in
C -
class or lower.