If you’re a property owner, chances are you’re renting it out to earn income. As a property owner, you should always attract prospective tenants to stay in your property. Sure, marketing and advertising your property is always the way to go, but how are you sure that your property is the one that’s sought after by tenants?
In this article, we list down what tenants often look for in a rental property. Read on below to learn more.
#1 – Location
Location is one of the essential things tenants look for in a rental property. It doesn’t matter where the property is, but they will always look for the location that can give them more.
Whether it’s for business or pleasure, they will first determine where their objectives can be achieved. In most cases, especially for working people, checking out the location will be the first thing they’ll do.
#2 – Safety
No one wants to live in a place where they don’t feel safe. Tenants will usually look for properties that are in a safe neighborhood. They will check out the area surrounding the property to see if it is secure.
#3 – Move-In Ready
You have probably heard this term a lot. For tenants, this is the biggest reason why they rent in the first place. Most of them are relocating to a new area, and they don’t want to deal with the hassle of moving their belongings from one place to another.
As a landlord, you should always make sure that your tenant’s moving in will be hassle-free. This is why you should make sure that your property is always clean, functional, and move-in ready.
#4 – Renovations and Upgrades
Who doesn’t want to live in a place that looks appealing? Most people won’t just settle in an area that looks boring. They will look for places that have been renovated and upgraded to make things look fresh and new.
Whether you’re renting out your property to a long-term tenant or a vacationer, you should always get it renovated to make it look appealing to your prospective tenants.
#5 – Cleanliness
For any tenant, low-maintenance cleaning is always a plus. Tenants don’t just want clean property. They also want to live in a place where their things won’t get dirty quickly.
#6 – Open Floor Plan
Have you ever lived in a place where you were cramped in a room with others? It may not be the worst experience you have had, but it can be very uncomfortable.
For tenants, they will usually look for properties that have open floor plans. This is an area where they can walk, move freely, and not feel constricted.
#7 – Natural Lighting
Natural lighting is crucial when it comes to living in a property. You may be living in a property where you have great air-conditioning systems and electricity, but you won’t feel good if you can’t see the light of the day.
Tenants usually look for properties that have natural lighting. This is crucial for them as it will help them wake up early and start their day right.
#8 – Parking Spaces
If there is one thing that the landlord can provide for their tenants, they can accommodate the number of parking spaces. After all, you don’t want your tenant to experience any difficulties when parking their vehicle.
#9 – Storage Space
Tenants who have a lot of belongings that they need to store have always looked for properties with extra storage space. You should always have additional storage space to accommodate your tenants as a landlord.
#10 – Outdoor Space
Whether your property is indoors or outdoors, a tenant always wants to live in a place that has a diverse outdoor space. Whether they would like to relax and read a book or go out and work in their free time, they will look for outdoor spaces first.
These are the things that tenants look for in a rental property. What are the things you look for when looking for a rental property? Let us know in the comments section below!
#11 – Pet-Friendly
Those who own pets and are looking for a rental place won’t just look for any type of property. They will always look for a rental home that will accommodate their pet.
As a landlord, a pet-friendly property is better for two reasons. First, it ensures that your property will stay clean and dirt-free because the tenant is responsible for their pet. Second, a pet-friendly property grants you a loyal tenant who always pays on time.
#12 – Trustworthy Landlord
This is perhaps the most critical factor that tenants look for. For some tenants, the landlord holds a significant role in their life. This is especially true for tenants who rent out their properties for extended periods of time. They will usually look for properties that have a trustworthy landlord.
If you want your tenants to stay with you for a long time, you should always make sure that you are a trustworthy landlord. At the end of the day, a landlord should always keep their tenants’ best interests in mind.
Conclusion
As a property owner or landlord, it is your responsibility to provide quality living space for your tenants. Always make sure that your property is in its best shape and that it will give your tenants the comfort and lifestyle that they want.
Orlando REO Professionals provides top-quality services for property management in Sanford, FL. We understand the needs of rental property owners, which is why we’re always ready to lend a hand to assist struggling owners. Contact us today to learn more!