Have you ever noticed how some landlords in Orlando, Florida have few vacancies and always seem to be at full capacity?
Every landlord’s worst nightmare is a high vacancy and turnover rate. Both can cost you your income.
For this reason, it is advisable that once you have found your ideal tenant, it is in your best interest to try and keep them long-term. Keeping them happy and maintaining good relationships is an important part of the rental property business. Tenants are always searching for a property that fits their needs and lifestyle.
With our experience in managing properties, we came up with a few tips to offer amenities that renters cannot resist and will place you above the rest to attract and retain tenants in Orlando.
1. Outdoor spaces
Make the most of the sunny weather that Florida has to offer by offering tenants outdoor spaces. If budget or space allows, provide a small pool or spa area for your unit or even a fitness or yoga space.
Tenants like to have some sort of outdoor space whether it be a deck, balcony, or fenced-in yard to enjoy the outdoors.
2. Consider having flexible pet policies
Did you know that there are many benefits to allowing pets in your Orlando rental property?
If you decide to allow pets, there are some contingencies that you can put in place to ensure that your property is protected.
The flexibility to share your property with pet owners will increase your ability to rent a property much quicker and to give your existing tenants a reason to stay longer.
3. Prompt maintenance
One of the biggest areas of concern for landlords is maintenance. Your tenants should want to care for your property like it was their own. When they see that you act promptly and quickly to their maintenance requests, you are letting your tenants know that they are important to you and you care about them and the property.
It is important that you are responsive to any repair requests and conduct inspections during tenant move-in and move-out as well as other periodic inspections.
4. Ample storage spaces and open floor plans
Nothing draws prospective clients in more than large storage spaces.
Large closets and big kitchen pantries are some of the features that most tenants look for. With these additional or bigger storage spaces, tenants will have more than enough room to keep their unit clutter-free.
Another way to free up space is by having an open floor plan to make a smaller space look larger and more appealing. This allows for better accessibility and opens up the property making it look airy and spacious.
5. Laundry facilities
Tenants will appreciate a washer/dryer in their unit. Though this is a feature you are not required to provide, having this can offer convenience that would keep your renters happy, while also making your rental more desirable.
6. A “smart” home
It is no surprise with all the technology available today that most tenants look for properties that include it. By ensuring that your property is tech-savvy, you stand to attract and/or keep your tenants long-term.
This could be something as simple as installing USB charging outlets to automated HVAC and security systems. Keep your rental up-to-date with the latest features. You should ensure that rentals have a strong cellular reception and wireless/wired connectivity.
Nevertheless, do not just stop at offering gadgets and/or a smart home. Modernize and centralize your payments and requests. The tenants of today are also looking for the convenience and efficiency that online payments and requests offer.
7. Central air conditioning/heating and other utilities
For those who live in warmer climates such as Florida, air conditioning is a must as having windows and fans are simply not enough. For this climate, it is preferable to have central air conditioning instead of a window type unit. This is due to the fact that the seals around the windows need to be seamless for it to be energy-efficient.
Airconditioning is a must-have for your tenants and will make your property more desirable. You may find that you will get more inquiries and have more demand if your rentals come with built-in air conditioning.
The bottom line
It is important to maintain a good relationship with your tenants when dealing with your property. You will get to enjoy good terms with your tenants when building a relationship that consists of proper communication and trust.
If you have any further questions concerning the aforementioned tips, do not hesitate to contact a professional property management company.