A while back (quite a while back) there was a move to compile and circulate a list of “undesirable” tenants. Some “rights” group protested and the project quietly went away as far as I know.
While it would help us landlords to network and avoid re-circulating bad tenants, the unfortunate reality in the Parramore area is that if we were to eliminate prospective tenants on the basis of prior evictions, “near evictions” (they leave before the Sheriff gets there), bad friends or even criminal records, we would probably be out of business in very short order.
Soooo. What to do?
Bad tenants do depreciate community and property values. On the other hand Parramore, is not yet a desirable destination for “better qualified" tenants. I guess the answer is either go forward or backward.” Forward”-get the enforcement agencies, (the police and Code) to make the area safe and secure. Also get the Downtown and CRA agencies to do a better job of promoting the area. In other words “gentrify” the area. (From Wikipedia) Gentrification, or urban gentrification, is the change in an
urban area associated with the
movement of more affluent individuals into a lower-class area.
[2] The area experiences
demographic shifts, including an increase in the median income, a decline in proportion of racial minorities, and a reduction in household size.
[3] More households with higher incomes result in increased real estate values with higher associated rent, home prices, and property taxes. Industrial
land use can decline with redevelopment bringing more commercial and residential use. Such changes often result in transformation of the
neighborhood's character and culture.
[4]Gentrification can result from urban reinvestment efforts by local governments or neighborhood groups, which directs money to invest in deteriorating city
infrastructure, offer incentives for redevelopment, improve access to housing loans for low-income mortgage seekers, assist lending to first-time home purchasers, and improve rental properties.
[5] These efforts have been linked to reductions in local property crime rates, increased property prices, increased revenue to local governments from property taxes and increased tolerance of homosexuals.
[6] Grassroots efforts for existing residents to guide or oppose gentrification generates community activism.
[7]The process has a human cost to the neighborhood's lower-income residents. The increases in rent often result in the dispersal of communities whose members find that housing in the area is no longer
affordable.
[8] Additionally, the increase in
property taxes (due to increased property values) may sometimes force or give incentive for homeowners to sell their homes and move to less expensive neighborhoods.
All this is easier said than done. The other choice is “Backwards” or do nothing, it will spiral and slide down with no effort at all. Forward is very, very hard. Backward is very, very easy.
Aida Martin
Midtown Realty of Orlando Inc
925 W Central Blvd
Orlando Fl 32805
407 481 0900 off
407 246 0119 fax
407 222 0930 cell
Secretary of the Downtown West Property Owner's Association
