As a landlord, the number one priority is to ensure your property is occupied, and that you have a paying tenant in the unit at all times. Units that are left empty mean you aren’t collecting rent, and you’re the one paying the mortgage and the rest of the bills. There is no profit to be had, and you’re moving backward in terms of an investment. So, how can you ensure that your properties are always occupied and rented out?
The good news is that there are incentives landlords can offer that can actually set them apart from other competitors in the area. Here’s a look at three effective incentives.
Offer On-Site Laundry Facilities
Having access to a washing machine and dryer isn’t just a luxury; it is essential for many tenants. In fact, it can be such a huge sticking point that you will have a hard time finding tenants if you don’t offer these services.
You don’t want to just pick up any old washer and dryer. Ideally, you want to look for commercial quality ones that are capable of handling large loads and a lot of use. You can even put in place coin-operated systems in order to offset the cost. Tenants will be paying for the convenience of having a laundry on-site.
It’s also a good idea to look for a company that offers 24/7 maintenance service such as bblaundrysystems.net. You never know when a machine may break down and you don’t want your tenants left scrambling to launder their clothes.
Online Payment for Rent
Another incentive is to give them flexibility on how they pay their rent. Rather than expecting them to write a check each month, give them the option to pay online. Today’s world is a digital one, and people are moving away from cash and checks. This will show you are with the times, and you’re committed to offering your tenants convenient features.
At the end of the day, online payments are usually more seamless for you too, as you don’t have to collect anything in person or by mail.
Install High-Tech, Smart-Home Features
Along the lines of a digital and high-tech world, this is another incentive you can offer. The more high-tech features you put into the unit, and the more of a smart home that you are able to create – the more attractive it will be to renters.
Tenants are looking for anything that makes their life easier, more streamlined, and seamless, so smart home features definitely check the boxes. It also makes the unit feel more modern in general, regardless of its actual age.
Don’t Struggle to Get Your Property Rented/Leased
As a landlord, it can be difficult to ensure your property is always rented or leased, and that’s why it’s so important to constantly be looking for ways to make it as appealing and attractive to tenants as possible.
