Rental Home Features That Attract Great Tenants

Jun 27, 2022

Excellent tenants are considered to be key to the success of a rental real estate investment. And in order to find excellent tenants (like we are talking triple-A tenants), you need to offer an excellent rental property to them. So, what are the qualities and features of a rental property that helps it attract great tenants on a consistent basis?

Well, we can roughly divide these features and fit them into two categories: location and the quality of the property itself.

Houston Rental Home Features That Attract Great Tenants

Location

The quality of the neighborhood your property is in will often play a determining role in the kind of tenants it attracts. Ideally, your rental home should be zoned to great schools (one feature that is often used by tenants as a litmus test vis-à-vis a neighborhood’s lifestyle quality). It should also have easy access to public transit and other basics such as grocery, shopping plazas, etc. as well as lifestyle facilities such as cafes, pubs, restaurants, fitness facilities, and the like.

Moreover, you would also like to consider how close the property is to major employment hubs in the city. Because let’s face it, nobody likes to commute. So, if your prospective and targeted tenants need an hour or more to get to their workplace, chances are they won’t be too excited about your rental property! Finally, the safety in the surroundings of the home is another feature all tenants will look into. Commonly, if the property is located in a quality neighborhood, that itself will act as an assurance of the safe nature of the property. All the same, you may still like to check the crime statistics in the surrounding locales and take into consideration factors like whether the passage to and from the neighborhood is safe enough.

On the other hand, if you are looking to buy a property in a pre-construction or existing condo, make sure to inquire about security and safety features (cameras in the hallways and main lobby? 24-hour concierge?). Research reveals that apartment buildings that are duly outfitted with top-of-the-line security features regularly attract great tenants.

Quality of the Property

As for the property itself, no matter whether you have invested in a big, spacious home or a smaller condo, the important thing is that it should look good to the eye and should be in a ready-to-move-in condition. So, if the property you’ve bought requires some upgrades, make sure to finish that before you put the home on the market. Additionally, items like green-rated appliances, smart home features, and the like are things that will enable you to ask for a higher price. Keep in mind that quality tenants want to move into a property that they can call their own home. So, as long as you can provide them with one, you may also rest assured that your rental property will be well taken care of by the tenants.

At Specialized Property Management Houston, we use cutting-edge technology, and proven strategies to keep your rental properties full, maintained, and successful. With years of property management experience under our belts, we can help you keep your vacancy and turnover rates low and your sanity intact.