Top 5 Things Winton Tenants Look For in a Multi-Family Rental Property

Finding, attracting, and placing good tenants in your Winton rental property is an essential part of the leasing process. Retaining those tenants is also important, especially when you want to avoid long vacancy exposure and high turnover costs. 

So, how can you attract and keep those great tenants in your multi-family properties?

You can start by thinking like a tenant and then meeting their needs. Here are the top 5 things your best Winton tenants are looking for in a multi-family rental home.

1. Competitive Pricing

Tenants who choose multi-family properties are hoping to find value. They’ll be willing to pay for a great rental unit, but they want to get a lot of value for their money. They’ll look for homes that have all the appliances included. They’ll be more likely to rent homes where water and trash services are included or rolled into the rent. Consider providing Wi-Fi or cable for free. Your best tenants will expect every dollar to count when they’re paying your rent.

2. Desirable Location 

Winton tenants are looking for a rental property that’s close to work, grocery stores, restaurants, entertainment, parks, and commuter routes. Quality of life is important to tenants, especially today, and good residents are often willing to pay more for a rental unit if the property is in a great neighborhood. School districts are also important to residents with children. Make sure it’s easy to park, and let tenants know all the benefits of the neighborhood when you’re showing and advertising the property.

3. Safety and Security Features

Safety is always going to be on the minds of prospective tenants. Security systems, upgraded doors and windows with extra locks, and secure entryways are going to be important for tenants living in multi-family properties. Make sure the stairs are well-lit and the parking lot or garage is open, bright, and easy to navigate. Consider security cameras and motion lights around the building.

Educate your renters on how to stay safe. Remind them to lock their cars and not leave valuables outside the home where people can see them. 

4. Move-In Ready Property Condition 

Properties that aren’t move-in ready and require painting, carpeting, or cleaning will be a problem. Your tenants are looking for homes that are clean, functional, and ready to inhabit. Before showing the property, make sure that all the necessary repairs have been made. The first impression that a tenant gets from the property will be what drives their decision to fill out an application or not.

Additionally, if the property condition is poor when tenants move in, they will believe you don’t care about the property yourself. This sets the expectation that they can treat the property without care. You don’t want to give the wrong impression. A rental home that’s in move-in ready condition sets the expectation that the tenant will maintain high standards of cleanliness and maintenance.

5. Responsive Building Management

Tenants will want to know there is a team of responsible property managers ready to take care of their needs when there’s a maintenance issue or a neighbor who is being a nuisance. They’ll need to know their landlord or property manager is responsive, available, and accessible. Good tenants will look for things like clear expectations, a transparent and detailed lease agreement, and conveniences such as online rental payments.