As time moves on, potential tenants begin to have higher expectations. Modern renters want to have modern living spaces, and that can determine how many potential tenants you get and what their level of satisfaction might be with your space. What your renters are looking for will likely vary depending on location and demographic, but there are typically a few things that all renters will be looking for, including both the space itself and the flexibility of the lease. Here are a few things modern renters are looking for so you can update your rental property and ultimately attract more tenants.
Whether or not the location of your rental property is a particularly safe area, it is always important that your tenants feel safe in it. Aside from having the proper security features, such as a well-designed and secure door, other factors such as an alarm system can also help make your home more secure.
Unfortunately, for many people, life can be unpredictable. In most situations, landlords prefer to have long-term leases, at least a year. One way to attract more potential tenants is by offering different lease lengths. If you don’t want to outwardly offer shorter lease lengths, a good option is to let tenants know that you’re open to negotiations. This way, you may be able to find a customized package that works for both you and the tenant, allowing all parties to walk away happy and a smaller chance of the tenant breaking lease for some reason.
Many potential tenants want to be able to pay their rent quickly and easily. One of the most important factors that a landlord should consider is offering online payment options. Life is busy, so many tenants aren’t fond of having to go and drop off a check somewhere, such as the landlords’ office. This can make it easier for them to pay their rent, as well as help them get it in full and on time.
An Accessible Landlord
One of the most important factors that a landlord should consider is making sure that they are a responsive and professional landlord. Having a good relationship with your tenants is very important to successful rental property management. Any renter can tell you that the worst thing is when a landlord is unresponsive or doesn’t do the things they say they’ll do when they say they’ll do them. As a landlord, it’s your responsibility to take care of your tenants, especially if you want to continue to attract more in the future.