As a single-family Royal Oak rental property owner, it’s typical to ponder what renters are going in search of. This is so that, at the end of the day, if you find what renters like, you can more effectively determine what, if anything, your property might need to attract those higher-paying tenants. Even though different renter demographics potentially also want different features, there are several things that tenants across the country are usually on the lookout for in their rental homes. We’ve fashioned a list of the most commonly requested items: take a look to determine how well your Royal Oak rental property measures up!
1. Location
Sure, it’s not something you can modify, but clearly, the top feature that easily draws in renters is the right location. This may imply proximity to parks, public transit, and shopping centers for single-family rental homes. It may equally indicate a safe and beautiful neighborhood.
2. Safety
Hands down, tenants yearn to feel safe in their rental homes. Despite the fact that most relative safety of your property rests on the location, there are other things that you can employ to improve your property’s security features. Nice quality exterior doors, sturdy locks, and an alarm system can all be of great value toward ensuring your tenants feel protected.
3. Convenient Payment Options
Apart from safety, tenants moreover want to pay their rent easily and without hassle each month. One thing that renters seek is whether the landlord offers secure online payment options. By offering convenience to your tenants, you can not only make paying the rent easier but also, on the other hand, can quite possibly enable you to get it in full and on time each month.
4. Move-in Ready Condition
A few property owners will commence showing a property even before cleaning and repairs have been executed, but in actuality, that is a big turn-off for several renters. In truth, the majority of renters desire to discover a rental home that is move-in ready. If you can, try to execute as much of your property maintenance and repairs as you can before setting up showings. This will extremely increase your chances of renting it to a new tenant right away.
5. Appliances
If your Royal Oak rental home doesn’t already involve appliances, you might think about installing them. Appliances are a big draw for various renters who don’t like the expense and trouble of having their own. The same goes for old appliances – few tenants desire to battle an old, broken-down stove or dishwasher. With a set of superb quality, mid-grade appliances, you could greatly increase interest in your rental house and make finding your next tenant quite effortless.
6. Upgrades
If your rental house hasn’t been updated in a while, the possibilities are that it is behind the curve. While you should really regularly update countertops, appliances, faucets, and light fixtures, modern renters are likewise very interested in newer, tech-friendly upgrades. Smart thermostats, video doorbells, and sufficient USB outlets are popular features some renters are in search of.
7. Outdoor Space
Modern renters prefer a certain quality of life, which certainly includes space for gatherings. If your Royal Oak rental has limited inside space, one way to make it more delightful to renters is to build a fascinating outdoor gathering space. Just integrating a comfortable patio or deck can be very essential in your ability to draw in excellent renters!
8. Flexible Lease Options
For plenty of tenants, life can be sort of unpredictable. Conceding that several property owners would rather grant only long-term leases, many otherwise terrific renters may be turned away by such a lack of options. In contrast, take into consideration offering different lease lengths or other options. This may invite a wider range of tenants, ones probably less likely to break their lease after several months.
9. A Responsive Landlord
On a final note, part of the most vital things renters want in a rental property is a responsive, professional landlord. Successful rental property management is strongly developed on the landlord-tenant relationship, making it all the more relevant to make certain that you communicate openly and often with your tenant and respond rapidly to repair requests.
Naturally, property management takes a lot of time and effort to do properly. Why not consider entrusting your Royal Oak property management to the experts at Real Property Management Metro Detroit? We can aid you to maximize the appeal of your rental property while also managing tenant relations for you, freeing up your time for other things. Contact us online or give us a call at 248-808-6550.
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.
