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Updated almost 7 years ago on . Most recent reply

Account Closed
  • Full-Time Investor
  • Charlotte, NC
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Gadgets to attract millenial tenants

Account Closed
  • Full-Time Investor
  • Charlotte, NC
Posted

I'm under contract to purchase some smaller multi's in rapidly changing neighborhoods.   Next door to these properties on 1 side can be a 700k new build, and next door on the other side could be a boarding house.  Occasionally you may have the homeless guy zig zagging down the sidewalk pushing his shopping cart next to the lady jogging with her baby in a stroller.  I'm looking for ideas on how to attract and retain younger, quality tenants.  Has anyone done the nest thermostats or ring door bells in a rental?  Any good suggestions for good outside lighting?  Any other strategies or ideas we could include while rehabbing these units?  Thanks for the collaboration!

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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
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JD Martin
  • Rock Star Extraordinaire
  • Northeast, TN
ModeratorReplied

If you want to attract good tenants, you want:

- clean, safe housing in a safe neigborhood;

- basic amenities that people have come to view as standard;

- priced at an attractive rate.

That's really about it. We don't have any gadgets or gizmos on any of our units and we rent to a lot of college-aged tenants - in fact, I'm not sure we have any tenants right now over the age of 30. No one wants a fancy gizmo in a dangerous neighborhood. 

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Skyline Properties

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