Kathleen Yonce has been a real estate professional for more than two
decades and she’s learned valuable skills during her years in the
industry. As times change, real estate professionals like Kathleen Yonce
must change with them if they would like to keep succeeding. One of the
most important things to consider is what renters are looking for in
the modern real estate market. Though tenant preferences can vary by
area, the three points below are almost always factors:
- Location – There’s nothing modern about location preferences, but it’s still the most influential factor for tenants and it always has been. When your property is in a good location, everything else is secondary. Tenants will pay for a desirable location before all else.
- Renovations – Modern tenants love properties that look new and spacious. Though tenants know that other people have used a space before them, they don’t want to see it. Making a property look and feel new is worth the effort, as renovated properties are often the fastest to move.
- Parking – Whether you’re renting to businesses or first-time apartment dwellers, parking is key. Renters want easy-access parking. Off-street parking is best, but in a crowded city, on-street is enough to satisfy some tenants. Consider your model tenant and what his or her parking needs are, and then go out of your way to meet them.
