Whether you own a few single family homes or focus on apartment buildings, the fact is, we’re living in the age of “amenity creep” – and it’s only going to get worse. According to Curbed, today’s property owners are overwhelmed by efforts to add new features to their rentals, from traditional offerings like dog runs and gyms to communal gardens, movie theaters, and even co-working spaces. But are these amenities worth the investment? With a shift towards a buyers market coming in the next few years, added amenities might be necessary, but property owners need to choose wisely to maximize ROI.
Archives for February 2019
One of the most crucial factors for success as a landlord is finding good tenants to occupy your property. But what, exactly, counts as a “good” tenant?
Good tenants are those that make your life easier and/or maximize your profitability. They pay the rent on time, consistently. They’re unlikely to move out, leaving you with a vacancy that compromises your cash flow. And they don’t cause many problems for your property or your neighbors—they inform you when something’s wrong, keep the property in good repair, and don’t make too much noise.