Property location

[Jon Pacitto]

What are some hot points to look for when trying to determine the location of a potential property to rent? I'm sure when looking to rent out a property you always run the risk of no one biting but what are some things to look for purely based on location of the property?

[Steven Anderson]

@Jon Pacittoyes I actually currently on one it's an hour and a half away. If it wasn't so profitable and owned for a specific purpose I would've already sold it.  That being said the challenges related to this property have to do with convenience.  If I were single or didn't have a family it would be easier to deal with the property that's hours away however I have kids so managing the family and all my other responsibilities make a long-distance property difficult. The distance makes it more difficult to do inspections. The distance makes it more difficult during a make ready or turning the property over to allow contractors to get in to either bid on work or to actually perform the work.  I don't particularly care to leave a hidden key for contractors when the contractors know that I don't live in the vicinity.  If I'm doing some of the work myself and I happen to forget a particular tool I need to do the work it's a long trek back to get the tool I need.   The distance also makes it harder for me to keep an eye on the overall community and  to drive around the neighborhood occasionally to just get a feel for how things are going in that market.