Following Five Seasons Property Management; Burlington, Vermont's Premier Property Managers

Amenities: A Great Way to Boost ROI

System - Monday, October 29, 2018

As a landlord you always want to increase your ROI, while providing your tenants with a positive rental experience. One of the easiest ways to do this is through providing amenities, such as parking, vanities, dishwashers, and coin-op laundry. This is a great way to attract better tenants and charge higher rents. We recommend considering these questions when determining whether or not to add an amenity.

  • Are you already receiving top market rent for your unit, without this amenity? 
  • Are you having trouble attracting perspective tenants? 
  • Would this amenity boost the value of your unit?
  • How long will it take for this amenity to boost an ROI that will pay for its addition/provision?

For more information about how amenities can impact your ROI, check out this article in the National Real Estate Investor.