Millennial Renters

We are not yet Silicon Valley, but the high-tech industry in San Diego is growing by leaps and bounds. It means there are opportunities to find employment in well-paying jobs. Many people want to buy a house, but millennials are slightly different. They have no problem renting and are willing to be tenants in a home that is a rental property.

It makes good sense. These people may have good-paying jobs but want to save money to buy a house on their own. In the meantime, they are tired of the apartment scene and want something that has more space. It is a chance for a landlord in San Diego to realize a nice profit. An opportunity is all that it is, however. A rental house must have specific amenities that appeal to millennials. If not, that space might be vacant for a while.

Things to Consider

You might have to do some renovation work in that old house, but it is worth it if you can attract reliable tenants. So here are some must-have amenities.

• Modern kitchens. High-tech appliances, especially those with Energy Star certification, help. If you have to put in new cabinets, then do so! The easiest thing to do is see that the kitchen has a fresh coat of paint and decent counter space.

• Go digital. Millennials love convenience. Digital is precisely what they would love to have. That would include automated air conditioning, lights, and security and alarm systems.

• Be environmentally conscious. Installing solar panels shows commitment to the environment that millennials appreciate. If you use recyclable material to make home improvements, mention that in your advertising for the space.

• Be pet friendly. Let’s face it: no pets allowed means no tenants welcome to millennials. Those four-legged buddies are part of the family, and landlords in San Diego must respect that.

• Promote proximity. Nobody likes to get stuck in a traffic jam on the freeway. Millennials are looking for a home that is close to where they work. If the property happens to be near an industrial park, promote that in the advertising. Furthermore, in addition to other high-tech appliances, ensure the house is equipped with Wi-Fi. Some millennials may want to work remotely, and you can attract renters if working from home is convenient.

Here is something you should do for your protection. Insist that all tenants’ names be included on the lease. We are not suggesting that millennials are not in committed relationships. Nevertheless, everyone who occupies should be held responsible for paying the rent and maintaining the property.

It Is Smart to Use Professionals

Making a rental house more appealing to younger tenants is going to require time as well as money. A good working relationship must be developed and provide attractive amenities. Do you have the time to do that? It is possible if you only have one or two properties, but an extensive rental portfolio can be a drain on your time. It is why you ought to consider one of the property management companies in San Diego.

These professionals will not only oversee administration but the marketing for your vacancies as well. They know what it takes to attract millennials and how to work with them. Alta Vista Properties is a property management company in San Diego with considerable experience working with millennials.

We know what millennials are looking for, and we can advise you on how to appeal to this crowd. We have a well-earned reputation for excellent working relationships with such people, and we know what it takes to keep dependable tenants. So, we will see that your property provides a steady cash flow with few hassles.

Please do inquire at any time about our property management services. You can reach us at 858-274-3600 or by email at info@altavistaProperties.net. We look forward to hearing from you and answering your questions about what we do as a property management company in San Diego.