One of the many tasks of landlords is to fill vacancies. If you can fill vacancies quickly, then that is a win for you. Factors such as location, rent amount, and amenities can affect how quickly you can fill your rental property. If you want to attract grads to your rental property, here are some tips to help close the deal.
Be Tech Friendly
Recent grads, also known as graduates or millennials, are very comfortable with technology and as a result, expect it to be an active part of their lives. You can start attracting grads as applicants with online advertising of your rental property. Zillow is one of the most popular places you can advertise. Additionally, online rent payment would be expected to attract grads to your rental property. Long standing services like ClearNow make online rent payment very easy for landlords and tenants. Taking the hassle out and making the payment process easy is attractive. And if you use ClearNow for online rent payment, your millennial tenants can build a credit history by having their payment data furnished to Experian.
Feature Great Amenities to Attract Grads to Your Rental Property
Great amenities can attract all tenants, even graduates. Here are some that are easy to implement:
1. Provide reliable and wide-ranging wifi. Easily accessing the web from every space of your rental property is attractive and reduces frustration.
2. Make your rental property pet friendly. Many millennials have pets; therefore, allowing pets may fill your vacancy faster. A financial benefit for you is the additional rent or fee you require for housing a pet.
3. Create social spaces. Outdoor fire pits and grilling areas are great social spaces for tenants. Having a dedicated place to entertain can be a strong renting point.
There are simple steps you can take to attract grads to your rental property. As a result of understanding their needs, you make filling vacancies that much easier.