9 things quality tenants want in a rental property\u00a0<\/b><\/p>\n
Quality tenants are not always easy to come by. Because taste is so subjective, there is a small chance that every potential tenant will want to live in your rental property.\u00a0<\/span><\/p>\n However, there are certain things that all tenants will be looking for. Here is a list of things you can do to help to attract quality tenants.\u00a0<\/span><\/p>\n 1. Location\u00a0<\/strong><\/p>\n Location is one of the most important factors when tenants are seeking a home. <\/span>So, this is where it pays to do your research before buying your next investment property.<\/span><\/p>\n It\u2019s important to have the ideal tenant in mind when choosing a location. If your ideal tenant is a working professional individual or couple, then your optimal location would include proximity to a CBD and public transportation.\u00a0\u00a0<\/span><\/p>\n Whereas, if your ideal tenant is a young family, <\/span>then a family-friendly location with ample schooling options in the school zone should be your priority when narrowing down the location of your property.<\/span><\/p>\n 2. Adequate maintenance levels\u00a0<\/strong><\/p>\n Manageable maintenance levels of a property is a win for you, and often for your tenants.<\/span><\/p>\n While an immaculate garden with exotic but needy plants may look great, it\u2019s not favorable for tenants without a green thumb. The same applies to the indoors, you want areas like the bathroom to be easy to maintain and clean and the floor covering option needs to withstand high levels of traffic.<\/span><\/p>\n The key takeaway here is to go with the option that\u2019s going to make it easier for yourself and your tenants.<\/span><\/p>\n 3. Security and privacy<\/strong><\/p>\n When your tenant feels the rental is like home, they will treat it that way. This means they need to feel a level of privacy. Make sure to give plenty of notice before scheduled inspections and allow them to organize times with any required tradesperson.<\/span><\/p>\n Then comes security. Putting sturdy locks on doors with the option of an interior latch, lockable windows, and security screens will help your tenant feel more at home.<\/span><\/p>\n 4. Parking<\/strong><\/p>\n In regional and suburban areas, most properties offer parking in the form of a garage, carport, or driveway. However, in urban locations, a parking space will make a property more appealing.<\/span> 5. Approachable property manager\u00a0<\/strong><\/p>\n Clear lines of communication and transparency are essential when it comes to getting and keeping quality tenants. This is where you need to count on your property manager.\u00a0<\/span><\/p>\n Communication is key at the very beginning to ensure expectations with your tenant are met. Factors like repairs also need to be dealt with in a timely manner to keep your tenants happy.\u00a0<\/span><\/p>\n Transparency around considerations such as rent increases and inspection requirements are also important for any tenant-owner relationship. When this is done correctly, reliable long-term leases are often obtained.<\/span><\/p>\n 6. Storage\u00a0<\/strong><\/p>\n Ample storage space in a rental will make a tenant more comfortable, which can result in long-term leases.\u00a0\u00a0<\/span><\/p>\n This applies to both the indoor and outdoor areas. Providing an area outside the living space where possible, like a storage shed, can go a long way in terms of tenant appeal.<\/span><\/p>\n A big deterrent for rentals is when the owner is using part of the property, like the garage, for their own storage and making it unavailable to the tenant. It\u2019s understandable given they own the property but it\u2019s equally as important to allow the tenant to use the property like it\u2019s their own.<\/span><\/p>\n 7. Heating and cooling\u00a0<\/strong><\/p>\n Australian summers can be unforgiving, while winters in some areas can come as a body shock following the warmer months.\u00a0<\/span><\/p>\n Ensuring your property has adequate temperature control is something that will draw tenants in. This means well-suited ventilation and investing in assets like air-conditioners and heaters to make it a more comfortable place to live.<\/span><\/p>\n 8. Pets considered\u00a0<\/strong><\/p>\n Tenants seek leases where their entire family can live, pets included. Allowing pets, even upon application can easily attract quality tenants.\u00a0<\/span><\/p>\n
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