Would free internet and/or clubhouse access warrant higher rent?

Question

Just wanted to get some perspective from you guys on this. High speed Internet is provided for free in this particular community. Yet the rental comps in the area do not offer/advertise this.

Would a renter pay up for internet and or clubhouse access included? Perhaps an additional $50-100/mo. Would it be worth taking on additional risk, like a renter who caused trouble or damaged clubhouse property? Just wanted to explore your experience and ideas.

Thank you.

Dayne Delano · Answer

@Stephen J Davis

@Anthony Wick

Thank you for taking the time to give your input

Dayne Delano · Answer

@Anthony Wick

Rent.com, zillow (open to your suggestions on more comp sites)

The clubhouse is amazing including 4 pools, indoor basketball court, arcade / gaming room, 3500 sq ft gym with everything you could find with a paid gym membership.

I apologize, after looking a bit deeper at some rental comps in the same community, I found one advertising the clubhouse! And they were about +$100/mo above comps outside the community (without access to club). This is great news from a cashflow standpoint.

Anthony Wick · Answer

@Dayne Delano

Where are you gathering your rental comps from? Actual listings in the same complex? I would definitely advertise the free internet and clubhouse access, but that doesn’t mean you’ll get higher rents than another in the same complex.

Stephen J Davis · Answer

I don't think that will add to the rent. Do your comps to find out what other people are doing.