What is important to tenants?

Owners may assume tenants are looking for a luxury home with diamond floors but read below to learn more

Must Haves

  • Parking

    One car per bedroom

    For example, a four-bedroom home should have 4 parking spots available for tenants. Feel free to get creative with parking including; street parking, yard/backyard, or booking a tenant that doesn’t have a car

  • Move-In Ready Condition

    Value over Luxury

    By the room tenants are often looking for savings and value over luxury. Make the home presentable and move-in ready but no major upgrades such as adding hardwood, new countertops, cabinets, or remodeling the bathroom. Spend as little as you can to get started

  • Management Style

    Customer Service is Key

    Tenants are looking for responsible management of their living space. Being available 24/7 and responding promptly to maintenance requests is crucial for tenants

Heavy ROI - These are the 3 most beneficial upgrades to increase your rental value

  • Painting

    Presentable

    All walls, doors, baseboards, and moldings should be smooth and look clean

  • Celling Fans

    Cheap and Effective

    Ceiling fans are a quick and easy room upgrade that add more value to the rental. Tentats are willing to pay +$50/month more for a room with a ceiling fan vs one without

    Agyiri Realty sells ceiling fans for $50 and installs them for $60

  • Smell

    Good Vibes

    A welcoming smell means the home is well-maintained to tenants

    1) Glade: Automatic air fresheners

    2) Arm & Hammer carpet cleaner, pet fresh with oxyclean

    3) Zep Hardwood & laminate cleaner with apple cider vinegar

    4) Agyiri Realty uses candles during showings

Common Mistakes - These are items tenants are not willing to pay extra for

  • Flooring

    If you can walk on it, don’t change it

    Tenants do prefer hardwood and they love the look, but are not willing to pay more for a home with hardwood or vinyl flooring. Keep the flooring your already have and make it look clean

  • Yard

    Grass is a Luxury

    A nice yard is beautiful but tenants are not willing to pay more for your hard work. As long as the yard is presentable, you’re good to go

  • Home Exterior

    The roof, plumbing, foundation, and exterior paint are no concern of the tenant

    Collect a few years of profit before fixing any of the above. If no one has complained, it can wait till you’re selling the home

Avoid at all cost

  • Upgrades

    If it cost more than $500 don’t do it

    Start with making only the minimum necessary updates to make a home livable. Additional features should come later. Image freshman dorms or your first apartment, no more than that is necessary

  • Remodeling

    You’re not living there

    The home does not need to be up to your standard of living. Clean, safe, and comfortable is all they’re looking for

  • Expenses

    Avoid Angi’s list, commercial plumbers, and googling maintenance/service providers

    They charge top dollar. Instead, use handymen from Taskrabbit to get the job done efficiently and at half the cost