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If you’ve recently become a landlord or are still at the “thinking” stage of purchasing an investment property, you’ve probably worked out already that there are myriad considerations. What’s the best place to buy? How much should you spend? How do you find the right tenants? Do you need professional help? The latter is a no-brainer, really, and employing the services of a good local property manager will take care of all the other questions you might have, and many more besides. Over the past decade, Rochester NY has become a great place for investors looking to become landlords. Along with excellent infrastructure, good employment opportunities, and high-quality properties, you’ll also have access to very good rental property management. Rochester NY also has a better than average supply of tenants ready to move into your house or apartment. To be a step ahead of other investors vying for reliable, long-term tenants, it pays to know what they’re looking for and how to best appeal to them. Pet Friendliness Believe it or not, this is one of the most sought-after aspects tenants look for. Obviously not every house or apartment is geared up to accommodate furry family members, but if you can make some small adaptations or concessions, and take out the all-important appropriate landlord’s insurance, this is a great way to open up a whole new market. Perceived ‘Luxury’ Amenities It’s all about lifestyle and perception these days and, in many cases, it doesn’t take much to add value to a property. Air-conditioning is a top factor tenants look for, along with a swimming pool, gym and lock-up garage. Again, it’s not always possible to provide these extras, but if you’re still in the process of looking to purchase a property, it’s worth considering paying a little extra to reap rental rewards. Furnished There are pros and cons to renting out a fully or partially furnished house or apartment, but in general (particularly in a city like Rochester), the convenience of being able to walk into a place without the hassle of having to furnish it can be a big bonus – and, again, open you up to a different demographic. Outdoor Space This aspect is often beyond a landlord’s control in an existing property, but it adds huge value to a rental so it should be on the wish-list of any potential investment. Tenants always prefer a house or apartment with somewhere they can dine, entertain and relax outdoors. A Dishwasher We all love a dishwasher and it’s an easy addition to make to any property. All it takes is the purchase of a decent appliance and the services of a plumber to install it. Even a slightly dated kitchen can be made much more appealing with the installation of a dishwasher. Built-in Robes Nothing dates a house or apartment more than lack of built-in wardrobes – and they’re pretty much considered an essential by most tenants, particularly families. If your place doesn’t have them, you should seriously consider investing in getting them professionally installed in all the bedrooms, or at the very least, the primary one. Get Professional Advice for Rental Property Management NY When it comes to professional rental property management, Rochester NY is blessed with local companies waiting to help you. They can assist in the process from the get-go, advising on the best location to buy and ensuring your expectations match the potential returns. One of the most important things as a landlord is to have complete trust in who you choose for your rental property management. Rochester NY is an excellent place to become an investor, but with large financial sums at stake, you really shouldn’t try to go it alone. Trust the experts and the experts will help you make a profit in an exciting industry. Author Plate Danny Torres is from Torres Turn Key, a property management company in Rochester NY with more than ten years’ experience providing a holistic service for both domestic and international investors. If you’re looking for quality rental property management, Rochester NY is one of the most exciting areas to invest in both commercial and residential properties. The company brings together a host of experience and specialist knowledge to build long-term relationships and create maximum value and benefit for their customers.
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