The Boiler Room Blog

Advice on commercial water heater selection, maintenance and safety issues for businesses that rely on a steady supply of hot water.

low cost rental property improvements

Low Cost Ways to Improve Your Rental Property

Until the time is right to put some big money back into your rental property, you can improve the look and feel of the building by making small, inexpensive enhancements.

Rental property improvements are never a bad idea. An updated look often lures in new tenants, while current tenants appreciate seeing maintenance staff around fixing pieces in public areas. The challenge of property improvements is mostly cost. The time spent fixing something up plus the cost of the materials can really cut into a budget if not properly considered. On the other hand, it’s possible to recoup some serious revenue if those improvements lead to great tenants who stick around for the long-term. Let’s take a look at more than 10 great ways to spruce up a rental property for prospective tenants.

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furnished apartments

Furnished Apartments: Good Idea or Bad Idea?

Is the extra money and time it takes to furnish an apartment is worth the work?

Property owners often make tough decisions as to what rent-included perks they offer their renters. For many years, utilities-included rental options (heat, energy and water) were a competitive advantage. Nowadays, additional specialized markets have arisen to address more specific renter needs (like small-space studios), so property owners must adapt and offer new services to fit these changing market needs. One such marketplace is fully furnished apartments. Some renters don’t want the hassle of moving furniture into an apartment or worrying about choosing décor. Appealing to these renters often depends on whether the extra money and time it takes to furnish an apartment is worth the work.

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vinyl plank flooring

Benefits of Vinyl Flooring In Rentals

It’s time we talk about a flooring alternative that looks great and will save money. What’s not to love?

Landlords often use time between renters to spruce up the space. Apartment walls get painted, bathrooms get new fixtures and nearly everything else gets cleaned up. Flooring is often overlooked in these refreshes because of the idea that it’s a project that will take far too much time and money. Many landlords also only consider two options when thinking flooring. Hardwood floors are memorable and popular if you have them in the unit, otherwise carpeting is considered the only cheap alternative. Well, there are more options available to property owners that are cheaper, easier to maintain and can revitalize a unit better than a new roll of carpet.

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kid friendly

Ensuring Your Property is Child-Safe

If you want to add “kid friendly” to the list of your property’s features, check out these tips for child safety.

In today’s rental market, every property should be safe for every age. There are many reasons why a rental property could attract families with children and the Fair Housing Act protects families with young children from discrimination when renting. There are a few easy steps a property manager can take to ensure the safety of all tenants, even the miniature ones.

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rental property improvement tips

Property Improvements to Attract New & Improved Tenants

The ideal tenant is within reach. Making some improvements to a property is a worth-while investment.

Members of Generation X and Millennials are the fastest growing segment of the rental market and many of them don’t seem to be on board with the “American Dream” of moving out of the city to a nice house in the ‘burbs. Whether it’s because they can’t due to rising student and credit card debt or won’t because they enjoy the amenities that rental properties provide, property owners need to stay on top of the trends. The apartments that provide the services renters want will be the ones who have great tenants who stay on for longer.

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