Woda Management and Real Estate oversees more than 9,000 units across 200 owned properties. Dedicated to understanding and meeting the needs of renters, Woda Management maintains an average occupancy rate of over 95 percent.
To appeal to renters, a property management company or landlord needs to know what features are popular in today’s market. A few updates can make an apartment significantly more appealing to potential tenants and may be worth the cost of upgrade, particularly if such amenities are easy to install. For example, in-unit washer-dryers or washer-dryer hookups occupy 2 of the top-10 spaces in searched-for amenities for late 2014.
Dishwashers are also popular with tenants, as is air conditioning. Potential renters tend to search for available technology as well, Wi-Fi being an increasingly in-demand requirement. Those searching for apartments in multifamily complexes also search for such community amenities as fitness centers, pools, and garages. Families in a multifamily community’s potential tenant base may wish to look for an on-site playground and high-quality nearby schools, while those with animals tend to be more focused on pet policies.