What do tenants want?

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Tenants are looking for the same basic things as buyers – location and value.

A tenant is renting the home; they won’t pay as much as a buyer for those things that put a lot of value in the land.  A tenant will pay something for a view, but not as much as a buyer.

Tenants want a place with easy access to work, with good schools.  They want as large and updated a property as possible for their money.

Investors should consider location and price.  Look for something in good condition – updated or inexpensively updateable.  A low maintenance yard is preferable.  Avoid tenant liability issues like hot tubs or steeply pitched yards.

 

About Coldwell Banker Bain Property Management

As residential property managers for Coldwell Banker Bain Property Management Division, we manage single family residences, individual condominium units and small apartment complexes in the greater Puget Sound region. We serve Seattle, Tacoma, Anacortes, Marysville, Bainbridge Island, Lynnwood, Everett, Redmond, Bellevue and many other cities in Washington State. We also offer full service commercial property management.
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One Response to What do tenants want?

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