Investment properties can be a great way to earn passive income, especially with the current state of the housing market.
However, having the wrong amenities or not including what potential renters are looking for can be bad for business.
Likewise, knowing what features renters are looking for can boost the value of your property while also enticing more potential tenants.
A recent survey done by Apartment Guide found that over one-third of Americans aren’t satisfied with their apartment amenities. Knowing this can help you hone in on those things renters feel are lacking, and implement them at your property.
For example, knowing that Americans feel heating and air conditioning is the most important amenity will give you the push to include heating and air conditioning at your rental property if it’s not there already.
If it is, maybe including it in the month’s rent will attract even more renters.
Having the right amenities also boosts the value of your property and helps you earn more income from it.
The law of supply and demand is in the works here — as the number of people that want to live at your property increases, your supply decreases and thus becomes more valuable.
Look through this infographic to find out what amenities Americans wished they had, and what they’ll be looking for in their next rental.
From the Coach’s Corner, editor’s picks for relevant articles:
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