Last Updated on Jun 9, 2023 by James W
In today’s world, many companies and organizations allow their staff members to work remotely. Now that many people can work from anywhere, it’s in the best interest of landlords and homeowners alike to meet their demands. Since remote employment is here to stay, you must adapt to avoid losing current and potential tenants.
For tenants of any rental home, there’s a limit to their workspace. However, what’s not defined are the possible amenities you can furnish as the owner or manager of a rental property. From carving out more space inside units to reducing noise, there’s a lot you can do. When you finish, you’ll satisfy current remote workers and attract quality tenants in your rental.
Join us in this article as we help you understand the top five amenities remote workers look forward to having in a rental home. Let’s go!
Top 5 Amenities Remote Workers Want in a Rental Home
1. Quick internet access
Today, broadband internet access should be a shared facility within an apartment complex because many people require it to work from home and because many kids participate in online learning.
A dependable and quick internet connection is an absolute necessity for remote professionals. They must communicate with one another, participate in online meetings, and finish their assignments without disruptions. Remote work-influenced rentals with fiber-optic or cable internet access, a dedicated high-speed internet connection, or both are highly desirable by remote workers.
2. Tailored Workspace
When working from home, one must eat, sleep, work, and rest in the exact location. Therefore, the desire for more room seems natural. However, remote employees require a specific space to set up their computers and be productive. Many remote workers seek distinct spaces or specified areas that tenants can turn into offices in rental properties. This office would have a desk or table, cozy chairs, and excellent lighting in a perfect world.
3. Adaptive furniture
Prolonged periods of sitting can cause soreness and health problems. Remote workers appreciate rental properties that include comfortable furniture, a chair that tenants can adjust, and a suitable desk to promote their health and efficiency. The ability to work comfortably from home can increase output. Providing ergonomic and comfy workspaces will attract remote workers seeking a fun work environment.
4. Enticing features
More tenants today are searching for certain facilities in their rentals, mainly if they work from home. For instance, remote workers opt for amenities like soundproof walls, air conditioning, and high-speed internet. Most tenants are prepared to pay a premium in extra rent for these amenities. So, if you don’t already have them, consider adding them and raising your prices.
5. Flexible Leases
When shifting from one location to another, remote employees also take flexible leases into account. Additionally, short-term leases can keep an apartment complex filled. However, having an excessive number of short-term rentals might increase the cost of turnover for apartment owners and managers.
Is it Wise to offer Flexible Lease Terms?
There is no universal solution to this question. Instead, it would help if you centered your answer on the circumstances surrounding your tenants, company, and personal tastes.
A flexible lease, often known as a short-term lease, enables renters to use a commercial or residential rental space for a period shorter than a full year. Month-to-month leases, leases that can move from one apartment to another, for the school year, for the summer, and other short-term agreements are all examples of flexible leases. The landlord and the tenant agree on the agreement’s terms in advance.
One thing that comes with flexible leases is that they offer shorter terms, allowing you to modify or revise the agreement after the period has expired. For example, while negotiating an additional agreement with a tenant, landlords can change the pet policy, security deposit amount, or inspection criteria.
You also get the option to raise the rent when you modify a rental agreement’s terms. After all, since the rent remains in place for the lease, landlords are free to submit it whenever they renew the deal. Nevertheless, providing enough advance notice is crucial if you intend to raise the rent.
Another merit is that you are less committed to a single tenant when the lease term is minor. A temporary lease makes it easier for you to evict a tenant if you discover that they don’t adhere to the rules or pay their rent on time.
However, flexible leases also come with certain shortcomings. With a short-term lease, however, you can have tenants for one month but not the following. Short-term leases increase the risk by making it harder to predict whether your rentals will be occupied or vacant.
In addition, discovering new renters for your rentals can be expensive and tedious. The expenses of tenant turnover will increase the longer it takes you to find tenants, from advertisements to marketing to renovations and upkeep.
With the benefits and shortcomings discussed above, you can decide how wise it is to offer flexible lease terms for your rental property and how it’ll influence your plans and intentions in the long run.
Conclusion
It’s critical to handle your rental properties with competence and expertise, regardless of the demographic of renters you wish to contact. Now, in more significant numbers than ever, the real estate sector accommodates remote workers. Keeping up with the most recent industry trends is, therefore, essential. Additionally, providing work-from-home tenants with various unique advantages will help you outperform your rivals.
The most crucial factor to remember when constructing work-from-home facilities for your home is ease. The possibility that your remote-working residents will renew their leases every year rises if you improve their lives. Remember to also include the option of flexible leases. These agreements give tenants greater autonomy and comfort while enabling homeowners to raise rents.
