During the pandemic of 2020, many renters and house owners realized that having amenities onsite is crucial. If you are going to be stuck at home, it’s better to have a space to work out, chill out and spend time outdoors, without leaving your apartment building or house.
There are many reasons that property management tips will start including offering onsite amenities as a given. Let’s look at some of these reasons in detail below.
Improve the Chances Your Tenant Will Be Happier, Stay Longer, and Complain Less
The most important thing for you as a property manager has to be keeping your tenants happy. The more long-term tenants you have, the less time you will spend marketing your properties. Also, screening tenants, and running after bad tenants for late payments.
With quality onsite amenities like a swimming pool, a tennis court, or a sauna, you are letting your tenants know that you care about their well-being. Not only are they going to be happier because they are spending time outdoors (getting that Vitamin D). But they will also be working out more which will improve their mental status.
Also, using onsite amenities could allow them to spend more time with their loved ones in fun environments, rather than being stuck in front of the TV killing brain cells.
You can market all these advantages to your potential tenants. And allow them to imagine a life where they are more active, healthier, and have better relationships with their loved ones. It will be much easier for you to sell the ‘good life’ to them at your property if you have onsite amenities to use in your marketing material.
If your tenants are too busy playing and using your onsite amenities to their benefit, they won’t have time to complain about the little things. Remember, idle minds are the devil’s workshop. Keep them busy with onsite amenities and they might leave you alone as well.
Reduce the Amount of Time Your Properties Stay Empty
All this to say that by offering amenities in your rental property, you will reduce the amount of time your investment properties stay empty. This means more money in your pocket, and that’s the whole point of this endeavor, isn’t it? This is especially important during a recession when you might be losing more money than normal.
You didn’t get into the property rental business to deal with problem tenants, but to ensure that you make a strong profit month in and month out. You can do this by offering amenities that your tenants care about and wish to take advantage of.
Property Management Tips Should Always Include Offering Amenities
Are you convinced yet of the benefits of offering amenities when renting out a property? Most property management tips don’t include this particular tip and that renders them pretty much useless.
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