As a single-family Central rental property owner, you would like to know what renters need. Because once you know what these renters want, you would then know what your property needs in order to attract these higher-paying renters. It may not be possible to know every specific need for every renter demographic, but there are basic needs that apply to all tenants for their rental homes. The list below contains the criteria most needed by tenants. Make sure that your Central rental property has these.
1. Location
This may no longer be in your control but the top-selling point for renters is the right location. This may mean proximity to parks, public transit, and shopping centers for single-family rental homes. Plus, a safe and attractive neighborhood.
2. Safety
Tenants must feel safe in their rental homes. It may be true that the safety of your property depends on its location but there are things you can do to improve your property’s security features. Good quality exterior doors, sturdy locks, and an alarm system all help in bringing tenant anxiety down.
3. Convenient Payment Options
Along with safety, tenants also want to pay their rent easily and conveniently each month. Landlords who accept secure online payment are preferred by renters. This setup will work perfectly for both of you. Since tenants do not go through a lot of hassle, you get your rent in full on time every month.
4. Move-in Ready Condition
Some property owners allow renters to take a look at their property before cleaning and repairing them. This is not a good idea. Renters would gladly choose a rental home that is move-in ready. This is why property maintenance and repairs should have been ticked off the list even before renters have the chance to see the property. Your chances of renting to a new tenant will greatly increase.
5. Appliances
If your Central rental home doesn’t already include appliances, make sure to make it available now. Appliances are a big draw for many renters since they don’t have to buy for themselves. It’s the same story for old appliances. Tenants don’t want a stove or dishwasher that breaks down often. Appliances need not be at the top of the line. As long as they are reliable, tenants will be drawn to your rental house.
6. Upgrades
Your rental house should be updated so as not to make it “obsolete”. While you should regularly update countertops, appliances, faucets, and light fixtures, modern renters are also interested in newer, tech-friendly upgrades. Smart thermostats, video doorbells, and plenty of USB outlets are popular features many renters are looking for.
7. Outdoor Space
Modern renters want to entertain family and friends so that includes space for gatherings. But if your Central rental does not have sufficient interior space, you can make it attractive to renters by creating an outdoor gathering space. You can accomplish this by adding a patio or deck which guarantees to attract great renters.
8. Flexible Lease Options
Most of the time, life does not go as planned, as with tenants’ plans. Property owners would rather have long-term leases, but this might not turn out well for renters. You can remedy this by offering different choices of lease length. This way, you attract a wider range of tenants that could honor the lease and not just break it after a few months.
9. A Responsive Landlord
In the end, what gets the multiple star ratings from renters in a rental property is a responsive, professional landlord. Successful rental property management is built on the landlord-tenant relationship, making it all the more important to ensure that you communicate regularly and often with your tenant and respond promptly to repair requests.
But property management could take a toll on your sanity. Why not consider entrusting your Central property management to the experts at Real Property Management Baton Rouge? We can help you maximize the appeal of your rental property while also managing tenant relations so you can keep your sanity intact. Contact us online or give us a call at 225-389-6860.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
