I have been pondering this thought for several months now and it was reignited when I read some of the 'Should I buy in a rough side of town......' thread.
My question is what methods are most effective when trying to improve the overall conditions of a neighborhood, in which you invest?
We invest in Jacksonville, FL, which is experiencing rapid growth. We buy single family homes in solid, working class, neighborhoods. Overall, the homeowners take pride in their homes and keep a clean appearance/maintainted yard, etc. Here and there, you have an eyesore, which, at times, seems like it can bring down an entire block.
Recently, one of our neighborhoods has been experiencing a lot of break ins. A tenant of ours had an incident and another investor, with whom we work closely, has had a similar experience. I called first the local police and then the Burglarly unit, at headquarters, and both told me that this particular area has a spike in activity. I asked if there was anything we could do to support them but didn't get much feedback other than "just call if you see something suspicious".
So does anyone have ideas, in general, as to what efforts are most effective, when trying to improve a neighbohood? Write to local politicians? Start a neighborhood watch?
Thanks!
My question is what methods are most effective when trying to improve the overall conditions of a neighborhood, in which you invest?
We invest in Jacksonville, FL, which is experiencing rapid growth. We buy single family homes in solid, working class, neighborhoods. Overall, the homeowners take pride in their homes and keep a clean appearance/maintainted yard, etc. Here and there, you have an eyesore, which, at times, seems like it can bring down an entire block.
Recently, one of our neighborhoods has been experiencing a lot of break ins. A tenant of ours had an incident and another investor, with whom we work closely, has had a similar experience. I called first the local police and then the Burglarly unit, at headquarters, and both told me that this particular area has a spike in activity. I asked if there was anything we could do to support them but didn't get much feedback other than "just call if you see something suspicious".
So does anyone have ideas, in general, as to what efforts are most effective, when trying to improve a neighbohood? Write to local politicians? Start a neighborhood watch?
Thanks!
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