Have you ever rented a home that you absolutely hated? Maybe the home was old and had plumbing problems. Maybe you had a landlord that was not responsive to maintenance issues. Maybe it seemed like things were always broke or breaking. Any of these situations are not ideal, and probably left you with a bad feeling about renting property.
Now think of the opposite side of things. Have you ever rented a home you just adored? One where the lines of communication with the landlord were open and you could ask them for anything? In these situations, do you feel like you were more willing to care for the property and be proud to call it home for the duration of your lease?
The attitude of a tenant makes a world of difference when it comes to rental property. If you have tenants that love thehome and are happy with the services you provide them, they are more likely to care for the property. However, if your tenants are unhappy for any reason it may lead them to cause more damage to the property and end up costing you more in the long run. So, while the first rule of real estate may be location, location, location, the first rule of Frisco property management is to choose a home that you would like to live in if you were the tenant. A few features of the home you may want to consider:
- Located off any main roads
- Homes that are 15 years old or newer
- Has a fenced yard
- No quirky layouts
- Close proximity to schools, shopping, dining, and public transportation
These small things will make a world of difference in the types of tenants you attract to the property, and how many applications you actually receive. If you think like a tenant in the purchasing phase, chances are you will attract the kind of tenant you want to occupy the home. As always, if you have questions in any part of the purchasing phase, your local Frisco property management team is here to help. Contact us today or visit our new “landlord help” page on our website.