Years ago, people rented because they couldn’t afford to buy a home, maybe because of finances and credit. Nowadays, many people have decided to rent not because they have to, but because it is easier for them to pack up and move when they need. This has changed the rental market considerably, and tenants are weighing their options about rentals differently than they would have 20 years ago. This list will help you understand what today’s tenants need and help you find quality tenants that will love your rental.
Location, Location, Location
The all-important mantra in real estate is “Location, Location, Location.” And the same applies to rentals. Renters in the Fort Leonard Wood area are often looking for a place that is close to work and in a good school district. We find that if your home is not in a desired area, you may have to drop the rent price to compensate.
The easiest and most important thing that you can do to make your rental more desirable is to make sure it is clean and well cared for. Before you list your property, you should fix any minor issues in the home like nail holes in the walls, dripping faucets and sticking door jams. Then, deep clean the house from top to bottom, getting behind appliances, in window sills and all ceiling fans. You want to do such a deep clean because you want the tenants to be able to move in immediately.
Plenty of Storage
Many of the renters in the Fort Leonard Wood area are military, and the military life comes with lots of baggage (literally). Most soldiers have loads of bags full of uniforms, equipment and necessary gear, and they need a place to store them. Before putting your house on the market, maximize the storage space by adding shelves to the closets, hooks and shelving in the garage, or converting the attic space into a storage room.
In our experience, over 70% of renters have pets, and they view their pets as part of their family. So when they are looking for a house, they are not only looking for a good house for them, but also their fur baby. Consider allowing pets in your rental. If you refuse pets, you may be alienating 70% of your potential renters.
Your tenant will undoubtedly need to have repairs done on the property. It’s inevitable that you will have to fix a garbage disposal or replace a microwave; these things happen because of normal wear and tear. Tenants understand this and want to have quality customer service if they have an issue with the home. If you decide to manage your property yourself, this customer service experience falls on you. If you decide to hire a quality property manager, they can handle these calls, making your life easier.
Also, a quality property manager will make sure that your home stays rented with good tenants that pay rent on time and take care of your property. If you would like to work with the best property management company in the area, give our team a call at (573) 855-9304!