Tuesday, January 26, 2016

What tenants want, and how they’ll find it

In many areas of the country demand for rental homes is outpacing supply. But you still need to beat the competition to get the best tenants. So what do today’s tenants want?

A new survey of nearly 120,000 apartment renters offered some answers …
  • 94 percent put fast internet service and parking on the top of the list
  • 80 percent want swimming pools
  • 60 percent prefer to live within walking distance of their jobs 

You can read the full survey here.

If you are an individual landlord with a few rentals, you probably aren’t in a position to add a swimming pool or additional parking. However, the survey did point out something you could easily do …  

The majority of renters (80 percent) visited the apartment community’s or property manager’s web site before they moved in. That should tell you that creating an online presence will give your property a distinct advantage over the landlord who only markets via traditional media, such as classified ads or a sign in the front yard.

It’s not that difficult either ...

You can quickly set up a Facebook page devoted to your rentals. Tumblr and Blogspot are easy to work with, too. Don’t forget Twitter. All of these platforms, and many others, will let you post photos and list the amenities you offer the moment your rental is available. You could include a Google Map of the property, a video of the neighborhood, and much more. And better yet … it’s all free!

For more ideas on buying and managing rental properties, pick up a copy of What You Must Know BEFORE Becoming a Greedy Landlord. It’s available in paperback and Kindle formats at Amazon. You can also order it from Barnes & Noble, Booklocker, iTunes, and kobo

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