Intend Homes, a real estate rental property blog, recently came out with a guide on millennial type house renters: Attracting Millennial Tenants for House Lease. This article details the ways that landlords and property management companies with house lease rental properties need to undertake to attract millennial tenants to their fold.
Intend Homes regularly publishes high-quality content on renter tips, laws, commercial and residential rental property management industry updates, sharing knowledge garnered from years in the industry working with clients across the nation. This guide perfectly complements the already extensive collection of resources seen in their blog.
The blog post started with defining who are the millennial renters. They are the ones belonging to the 20-35 age bracket, and their numbers are exploding exponentially. They are a major factor in today’s economy due to their increased employment and financial capabilities.
Millennials are prone to moving to an apartment building, and they do not mind rental properties hence they are tagged as a generation of renters. A lot of them are unmarried and tied to their jobs hence they are not averse to moving around when there is a new job opportunity elsewhere, or their lease is up for renewal.
These millennials are looking for a place filled with amenities and technologically up to date with today’s times. They want a place to rent so that they cannot be bothered with maintenance for they do not possess a lot of do-it-yourself skills. They also prefer their living spaces equipped with digital gadgets and utilities that can be operated with their smartphones or remote control devices.
Their preference for technology is understandable for they are the generation first tied to it in terms of usage and convenience. They rely on technology for communication, food, carpooling, and others. Aside from providing wifi access, it is advisable that owners and property managers be adept in handling communication from these millennials which is usually done through electronic channels.
Two other important aspects of a property that is important to millennials are social responsibility and workout facilities. Recycling services, composting, energy-saving light bulbs, and if possible, solar energy as a means of power source are important to them. These things are very much welcome in the millennial world for they have a great sense of social responsibility and environment impact.
Workout facilities represent a degree of work-life balance millennials strive for. They are very conscious of their health and appearances. Presence of gym and a pool will greatly enhance the attractability of a property.
For more information about IM Consultant Services, contact the company here:
IM Consultant Services
PO Box 62451 Cincinnati, OH 45262