Here are few examples of the neighborhood activities you can involve yourself in:

Organize a clean-up.

If there are problem spots such as places where people dump their unwanted items, rally a group and deal with it first. If you have fairly clean neighborhood, enhance it even more by planting flowers and trees. Make sure to provide water and refreshments to the participants.

 

Attend events.

Neighborhood meetings to book clubs and block parties try every event. If there aren't such events in your neighborhood, start your own club. The goal here is to participate in a variety of events so you can meet the neighbors. Here you will easily find people responding to your query of what is a good cap rate and much more.

 

Socialize online

Many neighborhoods use social media platforms, such as Facebook and Twitter to share information about upcoming events, news, concerns, etc. Posting such information is a great way to generate a presence among the social media users in the neighborhood.

 

Go to church

You may already be a member of a church that you regularly visit, but it doesn’t hurt to attend your neighborhood churches too. Attending church is a great way to get to know your neighborhood. Choose a different church every month and meet different people.

 

Volunteer your time

Many neighborhoods include community centers, non-profit organizations and children’s centers which allow people to get involved. Check them out before you make any commitment. Once you find the one you like, you can take it easy and help out at events, or participate or join the board of directors.

 

Speak with the local kids

A good idea to know your rental community is to speak with the local kids. Young people often have a huge amount of information about their neighborhood. They often have a good insight into their neighbors and the things that they love the most about the community. Kids may not know what is a good cap rate but they will surely reflect how the area caters to families.

 

Investing in your community protects your investments.

Real estate investors use different financial tools to make smart investment decisions and to answer questions, like what is a good cap rate.  Stretch your social sphere to include the neighborhood of renters that you serve. Remember to manage your time and involvement by committing one day or one week each month to participate in community activities. When you improve the value of the community you rent to, you improve the quality and value of your investments.