As the years go by the needs of tenants change. With the onset of the pandemic we have seen the needs of renters change at a more rapid pace than years before. Of course some truths remain constant (i.e. a great location seems to always be popular) there are certain aspects that we have found to be even more popular these days. If you can highlight these aspects with your rental (or even enhance them) then you can prepare for a long list of potential tenants when your property becomes vacant.
Outdoor Space
In an era where we can often be inside for extended periods of time having outdoor space readily available continues to play a key factor in the desirability of rentals. Outdoor spaces can be as elaborate as having an entertaining area around a
pool in your Long Beach rental
or it could mean having a well designed landscaping plan that allows your tenants to enjoy the backyard. The key aspect is to understand that outdoor space is desirable and if you want your rental to earn top dollar then investing time and funds to create a great outdoor space can allow you to select the best possible tenants for your property.
A Dedicated Work Area
Across the country (and of course here locally) many companies are allowing their work forces to complete their tasks remotely. While once it wasn’t a consideration, now new builds and even existing homeowners have been looking to see how they can have efficient work from home spaces. This can be as elaborate as making a floor plan adjustment or as modest as having built-ins developed where space has often been underutilized. If you have a vacancy upcoming take the time to look
beyond simple repairs
and see how you could improve the usability of the existing space to create a dedicated work area for your next tenant.
Inside Laundry
From ordering food for delivery to having groceries arrive at your doorstep more and more activities are being done at home. Tenants are looking for inside laundry as it saves them from having to go to a laundromat. For single family homes in Long Beach this is usually a straightforward issue as there is often plumbing support near the kitchen or even in the garage. For owners of residential multifamily units (i.e. 2-4 units) inside laundry can be a bit more of a challenge but it is still possible. If you own a multifamily property think about adding a stackable unit in either a larger bathroom or even the kitchen area to provide this valuable feature. Adding inside laundry isn’t generally as simple as merely buying appliances and we would encourage you to consult a plumber and/or a general contractor to get advice on how to best add it to your property if it doesn’t exist in your property today.
Pet Washing Area
Whether you are a pet person or not, pets are quite popular and tenants generally understand they are going to pay more to have their pet with them. If you are a property owner that allows pets (most commonly dogs and cats) then consider making accommodations at your property for easily washing pets. For larger properties there are dedicated solutions such as “
Dog Wash Tubs” but if you can create any type of pet washing area at your rental you can attract an even wider possibility of tenants who can pay a premium.
The needs of tenants can change more rapidly than you might suspect. To find out how we can help you to position your property for the best possible rent, regardless of what tenants desire, call us today at (562) 888-0247 to hear how we can help. If you want to have a quick check to see how much your property could fetch in rent we invite you to fill out our Free Rental Analysis where we perform a comprehensive comparison to share your rental stacks up to the competition.
