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7 Amenities to Boost Your Rental Property

Attracting target tenants has time and time again proven to be energy-draining and naturally quite stressful. What makes for a successful landlord is knowing what potential tenants like in their rental and tips the scale in your favor when it’s time for them to decide. Property management companies in La Jolla offer you unique insight into what it is that sets a property apart from the competition and how to accomplish your goals.

 Sure, a great location or a beautiful view overlooking the ocean is a bonus. Still, it’s the little things that will help you secure the best possible tenants.

What amenities do renters want?

It may seem obvious, but plenty of landlords underestimate the importance of added features on their property. Amenities can be the game-changer, so make the most of these simple yet effective features.

1. Pet-friendly 

Many people are looking to rent a home but aren’t sure if the property is suitable for their dogs, cats, and other pets. According to statistics, over 65% of people own a pet. If you decide pets are allowed on your property, you’ll be tapping into an entirely new market of potential tenants.

2. Outdoor area

Renters don’t like to be confined to closed spaces. Many apartment complexes have pools or a fitness studio, but this may not be the case with your property. Tenants will appreciate any outdoor space, whether it’s a backyard, patio, or a roof-top balcony.

3. Air conditioning

This is a place with one of the best climates in the world, but it is warm, just about throughout the entire year. Central air conditioning is a must-have feature you may need to invest in, but it’s one that’ll pay off in the long run.

4. Walking Distance

Whether your property is situated near the University of California, San Diego, or is more centrally located somewhere downtown, there’s a clear tenant pattern. Everyone just wants to walk. Highlight what your neighborhood has to offer. Local shops, bars, restaurants, parks, and schools within walking distance are always a plus, so advertise what is locally attractive.

5. Parking

For potential tenants with cars, parking is an essential feature to have. It’s also one that typically isn’t available in apartment buildings.If you are renting a single-family residence and have a garage, this amenity needs to be emphasized. For urban areas, any off-street parking near the building will do, so be sure to highlight this option.

6. Dishwasher & washing machine

These two go hand in hand, but having one of these in a rental unit is great. Relieve the tenants of having to do dishes by hand and invest in a dishwasher, even if it’s a smaller and cheaper kind. Having to walk to a laundromat is something nobody likes to do. An in-unit washing machine is an amenity that tenants look for when looking for a place to rent.

7. Storage & closet space

Whether it’s a couple or an entire family renting your property, their lifestyles and need for storage can vary greatly. One thing’s for sure, everyone likes more storage. If possible, try to clear out some space, add some storage room, or even a walk-in closet.

Who can I contact for efficient property management services in La Jolla?

Here at Lofty Property Management, we provide full-service management accommodations for your property. We strive to give you exceptional service and guide through the entire process, from property advertising, lease coordination process, and all the way to renters’ move-out. We combine good ol’ fashioned know-how with the latest cutting edge technology to maximize your listing exposure, lease faster than the competition and produce the highest rental income for our clients.

If you need full-scale management services to take the burden of landlord responsibilities off your shoulders, get in touch with our team of highly-trained experts. Let’s get started, get a free quote today!

5 Tips on Finding a Good Renter

No matter if you’re a seasoned landlord or just starting in the business, your main goal is always to keep good and quality tenants on your property. Renting your property to trusted tenants makes your life more manageable long term, and a good rapport with your renters offers just that. This is precisely why the top companies in La Jolla provide property management services that put emphasis on tenants that take the financial and time pressures off of the landlord. 

Finding a reliable tenant takes time, effort, and not to mention money. With a bit of help and some great advice, you’ll go a long way in finding the right candidate for your rental property. 

How to attract the right tenant?

It goes without saying that landlords look for high quality tenants when renting out their property. The right tenant makes things easier for you as a landlord. Choosing the right property management company does the heavy lifting for you when finding the right candidate to be your tenant. Here are five tips how to attract the best tenants:

1. Location 

A top priority and ultimately deciding factor that the tenants look for when picking their rental property is a good location. What defines a good location may vary depending on the tenant. Still, there are universal factors that are proven to be deciding when tenants pick their rental property.

  • Safe and secure neighborhood
  • Within reach of a good school
  • Close proximity to entertainment venues
  • Short commute to the workplace

A veteran landlord knows their rental area like the back of their hand. Get to know your rental location’s many perks, from playground and dog parks to trendy cafes and local barbershops. These are all great selling points, as potential renters are sure to appreciate valuable information about their future neighborhood.

2. Screen tenants

Even though this seems like standard procedure, many landlords brush over this step. Screening tenants is often overlooked and should never be taken lightly. Be sure to check up on your potential tenants, their credit score, background checks, as well as income, and, if available, referrals. Screening your candidates will help narrow your list of suitable renters, allowing you to pick the right tenant more easily. 

3. Features that tenants look for

Make your property more distinguishable from similar properties in the neighborhood by having amenities and add-ons to the property. The features will increase your rental potential and broaden your property’s appeal. Such features are:

  • Modern kitchen with quality appliances 
  • Extra storage space
  • Attractive bathroom
  • Air conditioning in multiple rooms

With some extra features and a few smart investments, your property will increase its quality and value in the long term.

4. Professional advertising

Mixing old school advertising with a high-tech approach is one of the best ways to reach your target tenants. Advertising on the internet is mandatory. Hire a professional photographer that works in real estate and knows their way around a property and how to make great photos. For bigger homes, consider hiring a drone photographer that will highlight the various features of the property. The design and overall look of your ad will make your rental stand out.

5. Communication

Renters want to feel welcome and that they can rely on their landlord. Flexibility and communication are essential in a smooth and harmonious relationship between the property owner and the tenant. Make yourself available and easily reachable to ensure the tenant feels relaxed and comfortable if a problem arises.

Where can I find a dependable company that offers La Jolla’s expert property management services?

Reap all the benefits our professional property management services have to offer, and enjoy yourself on the surf ride at La Jolla Shores. We’ve got you covered, set up a consultation today!