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Location is a major factor for most renters and investors. It’s best to gravitate to well-populated and high rent areas as rural or less populated areas will have a smaller pool of potential tenants. Families looking to rent will be attracted to properties with nearby highways, public transit, and schools.
Cities with good school districts are very good indicators for the overall quality of the community. Areas with nearby university or college campuses also broaden the possible of potential tenants, as many students choose to live off-campus. Properties nearby conveniently located amenities like shopping malls, parks, and playgrounds have even greater appeal to families.
Families and other potential renters will also be concerned with neighborhood safety. This means they will be more likely to consider properties in areas with low crime rates. Crime statistics are available on many city websites. By finding rental property in an area with low crime, you can provide peace of mind to yourself and your tenants. Properties in low crime areas also enjoy lower vacancy rates and higher rental rates.
Brian Davis is the Vice President of EZLandlordForms, a site that provides landlords and tenants with important documents like residential leases.