Are you interested in earning better ROI from your multifamily property in 2021? If so, adding amenities to your property is one of the best ways to justify a higher rent rate.
In this article, we will share with you the top multifamily amenities that you should consider adding to your property next year.
Even though amenities like swimming pools, outdoor dog parks, tennis courts, gyms, and onsite laundry, will always be amenities that are in demand among renters, the reality is that renter preferences are changing.
Today’s multifamily unit renter wants to have ‘high end’ appliances in their rental units like smart thermostats, touchscreen refrigerators, and wi-fi connected lighting as well.
In the building, renters also want to know that their packages are being delivered safely and securely.
This is why landlords should consider adding Amazon storage lockers so that their tenants can have peace of mind in knowing that should they need to have packages delivered, their packages will be safe and secure until they return home.
Having storage lockers, or a policy for package delivery, is essential for multifamily properties especially considering that more people order online, or have subscription orders that are delivered monthly.
As we enter a post-COVID-19 world, it’s also important to know that renters are going to want apartment amenities that enable them to enjoy time outside like hiking and biking trails, that enable tenants to exercise while social distancing as well.
Renters Will Expect Technology
One of the key things that every landlord should expect from renters in 2021 is that they must be ready for renters to expect technology from the landlord from their very first point of contact with them.
Due to the changes that landlords have had to make during Covid-19, renters will expect landlords to offer them options like self-tour technology using Rently.com (or similar services), DocuSign, online bill pay, and more.
Even though services like Rently.com were once seen as a convenience to landlords, they have become a necessity, as tenants have grown accustomed to being independent and having contactless experiences with their landlords.
Contact GoldenWest Management
At GoldenWest Management, we specialize in property management for San Diego, Phoenix, and Las Vegas.
Owning multifamily properties is a great way to build wealth while generating cashflow but they can also take a lot of time to manage.
If you’re currently managing your multifamily property yourself, or are interested in hiring a new property manager, we would like the opportunity to talk with you more about our services!
To learn more about the services that we can offer you, contact us today by calling (866) 545-5303 or click here to connect with us online.