As a single-family Southwest Waterfront rental property owner, you would be interested in satisfying the needs of your renters. Once you know what the renters want, you can start to improve your property so that it will be attractive to 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 following is a list of “must-haves”. See if your Southwest Waterfront rental property has these.
1. Location
You may not be able to do anything about this anymore but the top feature that attracts renters is the right location. This may mean proximity to parks, public transit, and shopping centers for single-family rental homes. Moreover, a safe and attractive neighborhood.
2. Safety
It goes without saying that tenants want to feel secure in their rental homes. While some aspects of safety are dependent on the location of your property, there are ways you can enhance your property’s security features. Good quality exterior doors, sturdy locks, and an alarm system all help to make your tenants feel secure.
3. Convenient Payment Options
Along with safety, tenants also want to pay their rent easily and conveniently each month. That’s why renters appreciate landlords who offer secure online payment options. The convenience of this method is beneficial for both the tenant and the landlord. The tenant pays without hassle while the landlord receives the rent on time.
4. Move-in Ready Condition
Some property owners welcome renters to have a look at their property even before it is cleaned or repaired. This is not very wise. Renters usually prefer a rental home that is move-in ready. Therefore, do your homework by finishing property maintenance and repairs before showing it to renters. Your chances of renting to a new tenant will greatly increase.
5. Appliances
If your Southwest Waterfront rental home doesn’t already include appliances, make sure that it is available. Appliances are a big draw for many renters since they don’t have to buy for themselves. All the same with old appliances – tenants do not want to endure a troublesome stove or dishwasher. By investing in good quality, value for money appliances you increase the chances of drawing tenants to your rental house.
6. Upgrades
If your rental house has not been updated in a while, it may be behind the current trend. 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 plentiful USB outlets are popular features many renters are looking for.
7. Outdoor Space
Modern renters want to have fun and they need space for gatherings. But if your Southwest Waterfront rental does not have sufficient interior space, you can make it attractive to renters by creating an outdoor gathering space. One way of achieving this is to add a patio or deck, this will attract great renters for sure.
8. Flexible Lease Options
Sometimes, life may throw a curveball to some tenants. Property owners almost always want long-term leases but this may turn off great renters. One solution might be to present them with different lease lengths to choose from. This will cover a broader spectrum of tenants and ones who don’t break the lease after a few months.
9. A Responsive Landlord
What renters immensely appreciate 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 Southwest Waterfront property management to the experts at Real Property Management DC Metro? We can help you maximize the appeal of your rental property while also managing tenant relations so you can have more “me” time. Contact us online or give us a call at 202-269-0303.
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.
