Beachfront rental properties already provide a unique opportunity for tenants to have breathtaking views and access to a coastal environment, which creates an unparalleled lifestyle. For you as a landlord, however, your priority is to keep your rental units occupied. Being able to take a few steps out onto the Long Beach sand, this shouldn’t be a problem.
However, you’ll want a strategy to make your multi-family beachfront property stand out. Today, we’ll go over how to stay ahead of the competition to minimize vacancies and maximize your bottom line.
While having easy access to the beach, many beachfront properties generally give up some privacy, especially if your property is near a popular tourist area. During peak tourist season and popular events, many beach areas can experience a high level of foot traffic that can be quite loud.
Soundproofing the property is a great way to make it stand out. Acoustic insulation and double-paned windows can have a considerable effect in reducing outside noise. This increases the privacy of your tenants and improves their overall comfort. As an additional bonus, many soundproofing techniques are used to reduce energy costs. This can make the units more energy efficient as well as comfortable.
One of the desirable traits of a beachfront property is the view. Therefore, to make your property stand out, you should provide an area for your tenants to enjoy. As previously stated, privacy may be a concern, though giving tenants a little piece of the beach for themselves will make your property stand out. This can be wide windows facing the ocean, an outdoor communal deck for tenants to relax and take in the ocean air, balconies for each unit, or even a rooftop lounge. Many people looking for beachfront rentals seek a property that provides a relaxing environment they can enjoy by themselves or with others.
Amenities enhance your tenants' quality of life and can be a massive selling point in your advertisement. Aside from the typical washer, dryer, and dishwasher expected from a luxury rental, it stands out with amenities your tenants didn’t know they wanted, such as integrated high-speed Wi-Fi throughout the building or smart home systems.
Everyone is online to a certain extent, and having a stable connection throughout the property is a significant bonus. Listening to music or having a video call without interference with an integrated high-speed internet system is a substantial asset.
With more and more people working from home, why not set up the rental with a more efficient residential environment? Including keyless entry, smart thermostats, smart lighting, and smart appliances, which can be controlled via a voice assistant or their phones.
A pet-friendly rental increases the pool of tenants looking at your rental. While it may initially seem risky to allow pets due to the potential property damage they may cause, this can be minimized by having the pet vetted and having an additional pet deposit for these cases. Pets help occupancy stability for rental properties as many tenants often feel less comfortable moving their pets.
Your property has to look the part, and beachfront properties must be maintained more often due to exposure to more elements than properties inland. You only get one chance at first impressions. For your property to stand out, it must make its first impression count. Beachfront properties must be painted regularly because the sand and winds act as an abrasive and chip at the pain and any other surface. Metals can rust, and wood can rot away. If a potential tenant sees a property in poor condition, they may assume the inside is treated as poorly as the outside and may sour on the property.
Multi-family
beachfront properties in Long Beach are a great investment opportunity. If you need help managing your beachfront property or need help making your beachfront stand out, we invite you to call us today at (562) 888-0247 or fill out our
Owner Application online.
