Considerations When Growing Your Real Estate Portfolio
If you're growing your real estate portfolio as an investor,
and plan to have tenants occupy your property, here are a few tips to ensure their comfort and ultimately longer-term tenancy
𝗦𝗲𝗽𝗮𝗿𝗮𝘁𝗲 𝗘𝗻𝘁𝗿𝗮𝗻𝗰𝗲𝘀 & 𝗧𝗵𝗲𝗿𝗺𝗼𝘀𝘁𝗮𝘁 𝗖𝗼𝗻𝘁𝗿𝗼𝗹.
Tenants appreciate having their privacy respected, which starts with coming and going through their own front door. In addition, allowing them to set their own temperature in the apartment ensures they have an atmosphere of comfort.
In multi-unit dwellings, it is nearly impossible to eliminate all sound, but you can reduce noise with quality insulation, thick flooring underlay and sturdy flooring choices to absorb sound.
𝗣𝗲𝗿𝘀𝗼𝗻𝗮𝗹 𝗬𝗮𝗿𝗱 𝗼𝗿 𝗕𝗮𝗹𝗰𝗼𝗻𝘆.
Offering your tenants their own private outdoor oasis to enjoy the warm Okanagan months gives them a deeper feeling of home.
𝗣𝗲𝘁 𝗙𝗿𝗶𝗲𝗻𝗱𝗹𝘆 𝗦𝗽𝗮𝗰𝗲𝘀.
Many tenants have 4-legged companions - with the right guidelines and a pet deposit or surcharge, there's an opportunity to have a happy tenant and a protected real estate investment.
A property that has room for a home office or space to utilize for at-home workouts is "a want" on many tenants' lists.
𝗦𝘁𝗼𝗿𝗮𝗴𝗲 & 𝗣𝗮𝗿𝗸𝗶𝗻𝗴.
Ensure your tenants have a designated parking spot and somewhere to store the toys they'll use to explore the area; like bicycles, skis, and paddleboards.
Ready to find the perfect property in the North Okanagan to add to your real estate portfolio? 𝗟𝗲𝘁'𝘀 𝗰𝗵𝗮𝘁!