For many rental properties, outdoor space is something of an oxymoron. While some units may feature small balconies or common areas to use in warmer weather, many fail to offer any sort of amenities outside at all. While this may not seem like a make-or-break decision, a lack of outdoor amenities could lead apartment hunters to opt for your competitors instead. Cal Bay Property Management's Scott Safadi advises all rental professionals to consider these easy additions to their outdoor offerings this spring:
Picnic Tables
If you have any sort of green space at your rental property, a picnic table or two can go a long way to charm new and existing tenants. Though certainly not the fanciest amenity, it's an affordable and easy way to encourage guests to get outside. Bonus points if you include space for dog owners to walk their pets nearby!
Storage Space
Though not technically outdoor, storage space can be incredibly appealing to tenants who have too much furniture for their apartment. These spaces can be rented out for additional pricing each month, or offered as a bonus amenity for each resident. While not many property managers have access to the kind of space necessary to invest in this kind of upgrade, it's worth serious consideration.
Security
Whether in the form of a fence, tall hedges, security cameras or actual security guards, increased security can help you stand out from the crowd. Gated entry, security patrols, and other safety systems can offer real peace of mind for your tenants. Even if crime isn't a big problem in your neighborhood, the mere presence of additional security can discourage breaking the law on your property.
These are just a handful of ways to boost your standing in a crowded rental market. As temperatures grow warmer, consider investing in these outdoor amenities!
- Scott Safadi, Cal Bay Property Management
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