As a single-family Milwaukee rental property owner, you may be interested in finding out what your renters need. The moment you identify the needs of these renters, the sooner you can have your property ready for these higher-paying renters. Although meeting every specific need for all renter demographics may be daunting, we can focus on the basic needs every tenant will have for their rental homes. Here is a list that we have compiled for the most requested items. See where your Milwaukee rental property stacks up.
1. Location
One of the strongest selling points to renters is the right location. This may mean proximity to parks, public transit, and shopping centers for single-family rental homes. Moreover, a safe and attractive neighborhood.
2. Safety
Quite obviously, safety is a priority for tenants in their rental homes. While security in your property may be dependent on its location, there are ways to improve your property’s security features. Good quality exterior doors, sturdy locks, and an alarm system can all make your tenants feel at ease and secure.
3. Convenient Payment Options
Along with safety, tenants also want to pay their rent easily and conveniently each month. Renters prefer landlords who offer secure online payment options. With this method, the tenant can pay without hassle so the landlord can most likely receive the rent on time and in full.
4. Move-in Ready Condition
Some property owners show their property to renters before cleaning and repairs. This is not a good strategy. Renters would usually go for a rental home that is move-in ready. Therefore, do your homework by finishing property maintenance and repairs before showing it to renters. This will then increase the likelihood of a new tenant renting your property.
5. Appliances
If your Milwaukee rental home doesn’t already include appliances, it’s best that they have it. Appliances are a big draw for many renters as they no longer have to go through the trouble of shopping for them. It’s a similar case with old appliances – you can’t expect tenants to put up with a beaten-down stove or dishwasher. The key is finding appliances of good quality but reasonably priced, that way you can increase the attractiveness of your rental house and get tenants easier.
6. Upgrades
Failing to update your rental home for a while will make it become “old fashioned”. While you should regularly update countertops, appliances, faucets, and light fixtures, modern renters are also interested in newer, tech-friendly upgrades. Smart thermostats, video doorbells, and plentiful USB outlets are popular features many renters are looking for.
7. Outdoor Space
Modern renters want to gather and have fun. That means they need some extra space. But if your Milwaukee rental does not allow this, you can still make it attractive to your renters by creating an outdoor gathering space. You can get creative by adding a patio or deck for instance and start attracting great renters!
8. Flexible Lease Options
Most of the time, the plans of tenants may change. If property owners would only have it their way, long-term leases are preferred, but this can possibly turn away great renters. One solution might be to present them with different lease lengths to choose from. You will reach more tenants this way and ones that won’t break the lease after a few months.
9. A Responsive Landlord
Lastly, what renters would appreciate very much in a rental property is a responsive, professional landlord. Successful rental property management is built on the landlord-tenant relationship, making it all the more important to ensure that you communicate regularly and often with your tenant and respond promptly to repair requests.
But property management is such a huge responsibility. Why not consider entrusting your Milwaukee property management to the experts at Real Property Management Greater Milwaukee? We can help you maximize the appeal of your rental property while also managing tenant relations so you can have more time in your hands to enjoy life! Contact us online or give us a call at 262-309-6961.
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.
