A short YouTube advice video by Jane Slaysmith explaining the top factors tenants consider when renting: location (neighbourhood context), access to public transport versus parking, value from renovations, storage availability, basic maintenance/upkeep between tenancies, and suburb safety. The presenter recommends using census/Sensus mapping tools to check local renter preferences and directs viewers to YourPropertySuccess.com for more resources.
Chapters
Hi everyone, it's Jane Slaysmith here. Now in today's video, I want to share with you the top things that tenants look for in a rental property. Now there are a few factors that can make your property a hit or a miss when it comes to attracting the rental market. So first of all there's location. Look, people just don't want to live next to public housing or on busy roads or next to commercial properties. So make sure that you're really clear about where people want to live. Now for any suburb you can actually find out where the renters actually want to live by using the free mapping tool in Sensus. I love this tool and I use it all the time and also check out what people are after. They might be after access to public transport as opposed to potentially having a car park for themselves. Once again, the rental the information that you can get from census will actually tell you what your demographic wants to for you your area. Now lack of parking may be an absolute deal breaker for some people, but being close to public transport for others. Now census will actually tell you exactly how many people use public transport and how many people actually have a car and need parking. Now think also about a newly upgraded property. Renovation definitely attracts attention for the rental market. You can go and check out what a renovated and unrenovated property will actually rent for. So if you can make some extra money. And then there's storage. Everyone loves storage, be it better wardrobes or more linen presses or kitchen cupboards. This is often on the top of many renters lists. And think about what you would like. You'd like to move into a fresh clean home that doesn't need repairs. So in between tenancies go and give your property a bit of a spruce up and make sure there's nothing that is hanging loose or needs fixing. And then there's safety. You can actually check out the crime rates on websites, but you get a feel by walking around the suburb as well. Notice if people have bars on the windows or if there's graffiti on the walls. Now the reason I mention this is because you want to work out what the objection in the renter's mind is so that you can alleviate that or maybe move to another suburb. Okay, that's it for this video. I hope that you've had a lot of information about finding and attracting tenants. Now there's even more information on our website. You can YourPropertySuccess.com and please go over there and sign up for my newsletter and don't forget to hit the like button on this video and subscribe to the channel where you will hear more about how to build a successful property portfolio in Australia and learn how to build a decent nest egg for you and your family. And as always, here is to your property. Sam.
