Monthly Archives: September 2017

How to Maximize the Use of the Amenities

Sometimes overlooked is the fact that apartments may have all that’s needed with a little work. So, optimizing amenities in your multi-family dwelling will improve on what it is already existing. Most prospective tenants have an idea of what they’re looking for when checking out places to call home too so catering to these desires is what rents. So below are some thoughts about what people are looking for:

  • Walk-in closet
    People want a place to store their stuff and hang up clothes. So, if you have several small closets in your rental property, consider enlarging them into walk-ins. You may have to take some space from a hall or bedroom, but the result will be worth it.
  • Soundproofing the walls
    If you’re already remodeling your building, consider using soundproofing material. Privacy is important to people, and they don’t want everything they say or do to be overheard by the next-door neighbor.
  • A balcony or patio
    Everyone enjoys a breath of fresh air and some extra room for entertaining. If you already have patio’s or balconies on your property then, you can do a little upgrading here. Consider adding shrubbery and trees for a natural screen between areas. Or add some seating for entertaining. If you don’t have patio’s or balconies, perhaps you can put in a shared space. This space could have benches and a water feature for your tenants’ enjoyment.
  • Parking
    Parking is essential because no one likes to come home from a long day at work and fight for a parking space. If you have a parking area, designate that it’s for your tenants. Place the apartment numbers above the parking spaces and post notices about being towed if cars parked aren’t from your building.
  • Laundry facilities
    No one likes to drag their clothes to the car, load them in and then drive to a laundromat. Having on site laundry facilities is convenient for tenants, and you can collect the money from their use for maintenance.

So, by using what amenities that you have and maximizing their use, you can attract the right sort of tenant.

Amenities to Attract a High-end Tenant to Your Multi-family Condo

When you have multi-family condo’s, you want to attract the best type of tenant. You want a tenant who will respect your rental property and take care of it. The best kind of renter has high standards for maintenance and keeps a condo clean. So, what kind of amenities will attract this type of tenant?

Attracting a high-end tenant
There are several things will which make potential tenants want to call your property home. Below are listed some helpful tips to attract them:

  • Ready to move in: People want to move in as soon as possible, so making them wait while you finish painting or laying new carpet may cause you to lose out. The best idea is to post the rental property when it’s finished and ready for renting.
  • Common spaces: More people who are renting are looking for places which have shared areas. These areas can be used for entertaining or socializing with other tenants. A common area gives a building more of a community atmosphere, and interaction with other people is better achieved.
  • Fitness center: Another selling point is a fitness center in your building. Tenants may want to come home and instead of leaving again to go to the gym, just go down a few floors to exercise. The fitness center can be used for cardio, strength training, aerobics and even yoga.
  • Pet-friendly: Who doesn’t want to come home to a wagging tail after a long day at work? By allowing pets in your rentals and, if you have the room, having a dog area for walking; this will have people lining up to sign on the dotted line. You could even have a pet grooming service on site for easy convenience.

These are just a few suggestions to draw the right tenant into your building.