Understand Your Area Series: Can You Drive To Your Rental Unit?

Founder/Managing Partner Lamar Hunt, Jr. offers some sound advice.  “You absolutely must be able to get to your rental unit quickly.  This is vital for many reasons.  First, for repair issues, you need to look at them yourself and quickly.  Next, for rent collection issues, knocking on the door and posting notices are easier when it only takes fifteen minutes to get to your property.  Finally but not the last reason is to make it easy when showing your property.”  Lamar cautions that a drive too far equals a property that will not be often visited.  “If you have to make a drive of 45 minutes or more to tighten a plumbing pipe, it will kill your business not to mention the price of gas to get there.  And invariably, you will not have the right tool or piece needed and the drive back begins.”  Draw a circle around your base and extend out fifteen or twenty minutes then focus in those areas.  For more tips from Lamar Hunt, Jr., see the blog athttp://lorettoproperties.com/ or call 913-236-2902 if you have a home to sell.