Attract renters by ensuring your properties are kid-friendly and child-safe!
Property owners know, every apartment must be safe for every age (and the Fair Housing Act protects all families who wish to rent). Rather than looking at child-safety as another task on your to-do list, savvy landlords know that appealing to families is important. Families with kids are often stable, responsible renters—here’s how to create a child-safe property to attract great tenants.
The ideal tenant is within your reach. Rental property repair and improvements are a worthwhile investment to increase occupancy in your building.
The rental market is growing, particularly in urban areas. More people are opting for the convenience of renting and living in town—which is great news for property owners, particularly in cities. While you can’t change your building’s location, simple property repair, improvements and upgrades will easily increase your appeal to the ideal tenant. Not only will upgrades boost your occupancy, you’ll retain great tenants who are willing to pay a little more for their ideal property.
Is the extra money and effort it takes to furnish an apartment worth the work?
Property owners often make tough decisions as to what 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. Others have temporary situations, like work or school, which makes a fully furnished apartment very appealing. But is the the extra money and time it takes to furnish an apartment worth it for landlords?
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.
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.