You might not think of senior citizens when you think of people searching for a quality rental in the Denver area, but seniors are one of the fastest growing segments of the renter population! If you are interested in catering to this segment of the tenant population, it’s critical to understand what seniors are looking for in a rental property.
Elderly tenants who have physical or mental disabilities are considered a protected class, which means that you can’t ask them if they have any limitations or make a decision based on them. While you are legally required to offer reasonable accommodations, like installing grip rails in the shower or adding a ramp for wheelchair access, an apartment or property that already includes these accommodations will be even more appealing to seniors.
Just like you offer online payment options to younger tenants, remember that flexibility is key, and this is something seniors are looking for in a rental property. Allow tenants to drop off a rent check at your office or, if they have mobility limitations, stop by the property to pick it up once a month. Do you typically communicate with tenants only via email? For older tenants, consider mailing a letter or giving them a call on the phone instead. Offering a little flexibility can give you access to exceptional tenants.
Location, Location, Location
One of the things that many seniors are looking for in a rental property is a great location. Emphasize the great things about your rental property, like a quiet environment or secluded street, proximity to grocery stores and medical facilities, and any other amenities. A convenient location is appealing to everyone, not just seniors!
Think About Safety
Many seniors are concerned about safety, and proper security measures are one of the most serious things that they are looking for in a rental property. Stair lifts, accessibility ramps, staircases in good repair, security cameras, secure locks and good exterior lighting are all key to show seniors that you care about making them safe and comfortable.
All County Denver South Property Management Knows What Seniors Are Looking for in a Rental Property
All County Denver South Property Management is here to help property owners get the best return on their investment through knowledgeable and trustworthy property management services. From managing tenant relationships to lease enforcement, we look forward to working with you to see how your investment can be a long-term, stress-free asset. For a complimentary quote, call us today at (720) 664-4550.