Episode 16: He chased out Dogfighters and Pimps to turn his property around!

Mike Bonadies comes back to the True Multifamily Show and talks to Justin Fraser about turning a D Class Asset to a C Class Asset and the challenges that come along with it. 

Mike also defines and differentiates between D Class Asset and C Class Asset, giving Salem City as an example from his own experience wherein the tenant demographic showed dogfighters, pimps, and tenants committing crimes. Throughout all these challenges, Justin and Mike discuss their creative strategies to reduce D Class Tenants while giving an overview of the innovative solutions on working with D Class Assets.

Additionally, Justin speaks about how he got creative in dealing with D Class Assets by removing dark areas in the whole property while also allowing the local police department to have discounted rent to manage the challenges in the community.