When people become new parents, child experts suggest that they crawl around on the floor and look for hazards from the child’s level and point of view. The same holds true for rental property owners. They need to put themselves in the shoes of the renters and examine their rental properties through the eyes of the prospective tenants they would like to attract. Does the home meet the expectations of a reliable and responsible tenant? Will you be able to handle concerns the tenant might have in a timely manner? Will the tenants be proud to call your property home for the duration of the lease?
When renters are happy with their rental home and landlord, they are more likely to care for the home as if it were their own property. They will be more likely to keep the lawn manicured, the house clean, and the property secure. However, if renters are not happy with their housing or landlord, they might become irresponsible and uncaring toward the rental property, which will cost the property owner more money in the long run due to lack of preventative maintenance and repairs.
Looking through the Tenant’s Eyes
The Property: Pretend you are the tenant you are looking for to rent your home? Examine the home from that point of view. Young families look for good schools. Older people may prefer quiet neighborhoods with reliable public transportation. Almost everyone likes homes that are close to main roads, near shopping and dining establishments, and newer than 15 years old. Other perks that might attract good tenants are fenced in yards, simple layouts with rooms that they can customize for their own needs, and nice clean landscaping that requires simple upkeep.
The Neighborhood: How will your prospective tenants like the neighbors? Are the other houses in the neighborhood also kept up well? Will the neighbors themselves cause problems for your tenants? If the tenants are respectable and responsible, they want respectable and responsible neighbors. Knowing the neighborhood and neighbors will go a long way in renting your house to people you can trust. In addition, examine the traffic in the neighborhood at different times of the day. Is the house in front of a school that will have a heavy flow of traffic twice a day? Is there adequate parking space for your tenants?
The Community: Now, look at the community. Is there a clubhouse, pool, or other recreational facilities available for tenants? Are there bike trails and sidewalks? Is there a neighborhood watch program? What are the crime statistics in the community? Knowing the perks a community offers can be a great asset for landlords and renters alike.
Getting Professional Help
Renters consider these factors and more, big and small, when looking for a place to live. It costs time and money to continue to rent to new tenants, so landlords want to keep renter turnover to a minimum. Putting yourself in the shoes of a renter will help you see details you might overlook as the landlord. If you think like your prospective renter, you will be more likely to attract the applicants you want, rent to reliable and responsible tenants, and have your good tenants resign the lease when it comes time.
Because Real Property Management Prestige represents both the landlord and the renter, we look at details from both sides. Since our tenants go through extensive background checks, we know our renters are responsible and reliable. The property they rent needs to meet their expectations, or they will look elsewhere. Let Real Property Management Prestige do the legwork for you. Find out how we will make sure your home is up to par to rent to great tenants to give you the peace of mind you deserve.
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.