Savvy landlords usually have one goal in mind – to maximize the return on investment!
But to do this, you’ll need to ensure that your Pocatello rental property is able to attract and retain quality tenants. High occupancy rates will minimize your operational costs and maximize your ROI.
One proven way to attract and retain renters is by providing them with the right amenities. However, apartment amenities will not all have the same effect. Some give a higher ROI than others. And this is where today’s article comes in. We’ll share with you the best amenities renters can’t resist in Pocatello.
What are Apartment Amenities?
These are nonessential features or services that a landlord provides residents in a rental unit. Common examples of apartment amenities include parking garages, laundry rooms, and playgrounds.
Quality amenities can help make a rental property desirable, thereby maximizing the occupancy rates. Specifically, as a landlord, you may have an easier time attracting new tenants in the unit and retaining them through multiple leases.
However, important to note is that not all apartment amenities are created equal. Renters find some more valuable than others. So, before deciding on which ones to provide your tenants, make sure to conduct due diligence first.
Top 8 Amenities Renters Can’t Resist in Pocatello
To be a successful landlord, you need to provide tenants with the amenities they want. The following is everything you should know in this regard.
A Flexible Pet Policy
Americans love pets – there is no doubt about that. According to Statista.com, as of 2023, over 66% of Americans (or about 87 million homes) reported that they owned at least one pet.
With this in mind, it means that locking out tenants with pets can be a bad move on your part as a landlord. You’ll be essentially locking out the majority of tenants from ever renting your Pocatello rental property.
However, allowing pets into your rental property isn’t without its risks. Pets can chew on furniture, cause odors, and increase noise complaints.
But luckily for landlords, with a proper pet policy, you can eliminate many of these risks. For starters, you can charge a pet deposit, a pet fee, or recurring pet rent. This can provide you an extra source of income, all while cushioning you against any pet damage exceeding normal wear and tear.
Ample Parking
The last thing quality renters want is having to waste time every day trying to find parking close to their home. That’s why landlords who provide ample parking for their residents find it easy to attract and retain quality tenants. In towns and cities, especially crowded ones, assigned parking and garage parking rank among the topmost desired amenities among tenants.
Kitchen Upgrades
Quality tenants usually go for upgraded kitchens that look modern and attractive. A well-fitted kitchen is also an extra perk for residents that enjoy cooking.
With that in mind, two amenities especially stand out in a kitchen.
- **Granite Countertops**. Granite countertops are low-maintenance and resistant to heat, scratches, and stains.
- **Stainless Steel Appliances**. These appliances are sleek, modern, and easy to clean.
Outdoor Spaces
Some landlords focus on the interior of their rental units and forget the outdoor spaces. This can be a huge mistake and cost you in terms of your ability to attract and retain quality residents.
Quality renters often appreciate desirable outdoor spaces that feature things like gardens, fenced yards, balconies, or patios. If your budget allows, you could even opt for grander amenities, such as tennis courts, pools, and outdoor furniture.
Additionally, you may also want to spruce up your curb appeal. The following are some tips to help you in this regard.
- Maintain a well-manicured lawn by regularly mowing, edging, and weeding.
- Add colorful, low-maintenance plants and flowers to flower beds or planters.
- Repaint faded walls.
- Power-wash the driveway, walkways, and siding to get rid of dirt and grime.
Safety & Security
Tenants want to live in a home they feel safe and secure in. Therefore, it doesn’t come off as a surprise that renters prioritize homes that have upped their ante in terms of safety and security.
The following are some popular safety and security features quality tenants look for.
- Adequate lighting, such as well-lit walkways, entryways, and parking areas.
- Strong, reliable locks on windows and doors.
- Secure perimeter fencing.
- CCTV cameras in common areas, such as hallways, entrances, and parking lots
Remember, as a landlord, you are required to rent out a habitable rental unit. And among other things, this means renting out a property that meets the applicable safety codes.
A Well-Maintained Unit
Maintenance issues going unaddressed can not only damage your property, but damage your relationship with your tenant. Once you receive a repair or maintenance request, make sure to respond urgently. Under Idaho landlord-tenant laws, landlords must make repairs within three days after getting notified.
Smart Home Features
Smart home features have become quite popular among tenants in the past few years. And consequently, are increasingly influencing tenant preferences. Investing in the right smart home features can help you attract and retain tenants as well.
Some of the key popular smart home features include the following.
- Smart home thermostats
- Smart locks
- Reliable Wi-Fi
- Smart appliances
In-Unit Washer & Dryer
A weekly trip to the laundromat can be an inconvenience. That’s why rental units with in-unit laundry are relatively popular among many tenants.
If you have a multi-rental building and can’t afford individual units for each one, consider an on-site laundry space.
Conclusion
As a landlord, making your rental property stand out among the competition is key to success. You’ll have an easier time attracting new tenants and retaining residents in the unit, thereby maximizing your ROI.
For expert help in all property management matters in Pocatello, don’t hesitate to reach out to Five Star Property Management. Our full-service rental management services can help you overcome any and all of your challenges. Get in touch to learn more!