Is your rental in a good location for your target renter?

Is your rental in a good location for your target renter?

Many of you might have rental properties in areas where your tenants either walk or take public transpoortation to get around town. Is your property in a good location for these people? First off, you must know who your tenants are and what they need? If you find that they need to be near public transporation or within walking distance to shopping, you should look into how "walkable" your rental location is for these tenants. In fact, if your property is close to these services, you might be able to charge a higher rent amount. There is a great little tool that I recently came across that helps you determine how "walkable" your property location is. It is located at http://www.walkscore.com. Check it out and see if you are targeting the right tenants or looking at the right property for that target group of tenants.

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