Tuesday, January 31, 2012

What Do Renters Want In A Landlord?

In order for an investment property to become an income producing property you must find renters. Keep happy renters in the property for long periods of time and you'll see a greater return on your investment, as turnover and vacancies quickly eat into your profits.

But how can you make your home attractive to quality renters? Check out this list of items that renters want in a landlord and in a rental property (compiled based on online discussions on this topic.)

  • Clean, well maintained interior and exterior.
  • A home that is free of bugs, pets, and other uninvited guests. 
  • Well insulated units in a multi-unit building so that tenants cannot hear each other from one apartment to the next.
  • Updated appliances in good working order.
  • A landlord who looks, speaks, and acts professionally.
  • A safe home. Anything that makes the property more secure is a plus.
  • Convenient parking.
  • Quick response when there is an issue, such as needed maintenance.
  • Reasonable handling of security deposit - renters do not appreciate being charged for "normal wear and tear."
  • Ample storage space.


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