Posted by Rich-CA on September 10, 2007 at 12:50:48:
I always try and stay away from the worse neighborhoods, though break ins are not unheard of in middle class areas either. I assume you did not have insurance to cover the loss.
For rents, dropping the rent is not popular among landlords, but it is what is required if the property is not being shown. People shop for places to live based on rent first, neighborhood second and if you’re above what others in the neighborhood are getting you probably won’t find a tenant you’d want in there.