If you follow the latest rental market trends, you’ll know that one of the biggest groups renting in Portland and across the United States are millennials.
Millennials are the next big thing when it comes to renting real estate inPortland. They are more tech savvy than other generations and have higher expectations for the rental homes and properties they are willing to live in.
Tip 1 – Offer New Amenities
If your 4-plex doesn’t offer newer amenities, it’s time to start updating and start offering things millennial renters are searching for:
- Outdoor space – Add grilling areas, patio tables and chairs so people can enjoy spending time outside.
- Common area – Add a pool table and create space for renters to hang out / relax when they come home.
- Free Wi-Fi – Everyone from your Grandparents to children knows what Wi-Fi is. Why not offer Wi-Fi for free to your renters?
Tip 2 – Make Your Rentals Tech Friendly
When you speak to an average millennial, they will tell you that they’ve never known a time without their computer, gaming system, or wireless device.
You should make sure you have plenty of electrical outlets in your rental. Wired-in internet is no longer needed because of the availability of wireless routers, but plenty of power sites is very important.
Tip 3 – Modernize Your Tech Infrastructure
Do your renters have to come to your office to pay their rent? If so, you must modernize your tech infrastructure by creating a streamlined website where renters can contact you by email or text if needed and also pay their rent online via their tablet or smartphone.
For more tips on how to modernize your rentals and make them more appealing to millennials in Portland, Oregon contact Grid Property Management today by calling us at (503) 321-5140 or click here to contact us through our website.
