All things being relatively equal — location, square footage, access to public transit, pricing — value-add services often tip the scales in your favor when it comes to building loyalty and increasing retention among your current residents. This post about low-cost, pet-centric add-ons is the first in a series of articles about incorporating services that add value to your property and improve the resident experience.
With the latest survey from Apartments.com citing that 75 percent of US renters are unwavering pet owners, it’s not hard to see why so many tenants are looking for pet-friendly properties with value-added services and other perks for pet owners. Not many people are willing to give up their beloved Fido or Fluffy just to live at a certain rental property, and more management companies and owners are feeling the pressure to instill more pet-friendly policies to accommodate today’s growing renter population.
The key to increasing your rental rates or market value may lie within one simple concept – establishing a timeless look with your rental property renovations. When you think of classical designs, thoughts of Roman architecture may come to mind, or perhaps you’re remembering a common oldie: that checkerboard patterned black and white tile floor. Classical yes, timeless – not by a long shot.
Summer is over and for property owners located near a college or university that means a potential flood of new tenants. This influx can come with different challenges than you may be used to. Here are some ways to enjoy the benefits and minimize the risks of providing apartments to college students.