Knowing what tenants are seeking in a rental property offers landlords clues in deciding how their spruce-up dollars are best spent, and how to effectively advertise properties to attract the best applicants.
HomeRun Homes (www.Lease2Buy.com), a rent-to-own classifieds powerhouse, collects data from thousands of renters who are looking for long-term rentals, and follows trends to determine what tenants are looking for.
Here are the ten top amenities that qualified, long-term tenants were seeking over the past 60 days, in order of importance:
1. Double Garage/2 Car Garage
2. Some Land/Acreage
3. Must Allow Pets
5. School District
6. Basement – Nice Size & Finished Basement
7. Proximity to transportation (Bus/Subway, etc)
8. Backyard Would Be Nice. A Three Bedroom Would Also Work.
10. Washer/Dryer Hook Up
HomeRun Homes is a highly-ranked online classifieds service exclusively for rent-to-own properties, and offers real estate investors information on rent-to-own transactions through its website and blog, a newsletter, and an e-book entitled, Secrets of Rent-to-Own.
American Apartment Owners Association offers discounts on products and services for landlords related to your commercial housing investment, including rental forms, tenant debt collection, tenant background checks, insurance and financing. Find out more at www.joinaaoa.org.