{"id":186381,"date":"2024-11-14T16:30:35","date_gmt":"2024-11-14T05:30:35","guid":{"rendered":"https:\/\/propertyupdate.com.au\/?p=186381"},"modified":"2024-11-08T12:30:33","modified_gmt":"2024-11-08T01:30:33","slug":"what-do-tenants-want-2","status":"publish","type":"post","link":"https:\/\/propertyupdate.com.au\/what-do-tenants-want-2\/","title":{"rendered":"What do tenants want?"},"content":{"rendered":"<p>Here are three acronyms you should know to better understand what tenants want.<\/p>\n<h2><span class=\"toc_link\" id=\"soap\"><strong>SOAP<\/strong><\/span><\/h2>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">SOAP has been around for some time, and it is somewhat heartening to see that this old faithful still features high on the rental market's want list.<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">S\u00a0= Storage<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">0\u00a0= Outdoor living space<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">A\u00a0= Air conditioning<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">P\u00a0= Parking (off street)<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-post-fullsize wp-image-114499 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/06\/parking1-800x524.jpg\" alt=\"Parking\" width=\"800\" height=\"524\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/06\/parking1-800x524.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/06\/parking1-600x393.jpg 600w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/06\/parking1-300x196.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/06\/parking1-768x503.jpg 768w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2018\/06\/parking1.jpg 808w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2><span class=\"toc_link\" id=\"pies\">PIES<\/span><\/h2>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">In recent years there has been a want for other things when it comes to rental accommodation and the PIES abbreviation sums it up nicely.<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">P\u00a0= Pets<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">I\u00a0= Internet (hi-speed) connectivity<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">E = Energy efficiency appliances and cost-saving installations like solar panels<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">S\u00a0= Security measures covering both the house (contents) and vehicles<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">When it came to pets, most seemed happy to a pay premium to allow them to rent with their pet\/s.\u00a0 <\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">My work in this space confirms the often-cited 10% to 20% additional charge.\u00a0<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">More about pets is coming your way soon.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-177372 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2023\/08\/pets2.jpg\" alt=\"Pets2\" width=\"800\" height=\"450\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2023\/08\/pets2.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2023\/08\/pets2-300x169.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2023\/08\/pets2-600x338.jpg 600w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<h2><span class=\"toc_link\" id=\"leap\">LEAP<\/span><\/h2>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">Looking forward tenants would like to see changes in the rental space and the four most common appeals included:<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">L\u00a0= Longer leases<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">E\u00a0= Easy to maintain home<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">A\u00a0= Attention to detail<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">P\u00a0= Policing<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-174173 img-responsive\" src=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2023\/03\/lease-agreement-2.jpg\" alt=\"Lease Agreement 2\" width=\"800\" height=\"450\" srcset=\"https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2023\/03\/lease-agreement-2.jpg 800w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2023\/03\/lease-agreement-2-300x169.jpg 300w, https:\/\/cdn.propertyupdate.com.au\/wp-content\/uploads\/2023\/03\/lease-agreement-2-600x338.jpg 600w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">Many renters are looking to lock into a\u00a0longer lease\u00a0\u2013 more akin to a commercial lease \u2013 with a three or five year terms and set rental increases.<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">In essence, this is what Built to Rent is all about.<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">There is also a desire to replace carpet with timber flooring (even in bedrooms) and reduce the level of outdoor maintenance required.\u00a0<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">Tenants say that they are willing to pay a slight premium (averaging 5%) for an easy maintenance rental home and would pick such a property over one that \u2013 they think \u2013 would take longer to keep clean.<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">Attention to detail is a two-pronged folk.<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">On one prong we have renters saying that the rental managers need to improve their level of service and to remember basic details about the property they manage and the tenants occupying them when they make contact or undertake inspections.<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">And on the second spike, quite a few tenants complain about the small stuff \u2013 leaking taps, very worn carpet, poor painting, holes in fly screens (and walls!), windows and doors that don\u2019t open or shut properly and other such remedial repairs.<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">Many of these should be fixed before a new tenancy, whilst others during occupation.<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">And finally\u00a0policing.\u00a0<\/span><\/p>\n<p style=\"line-height: 19.5pt; margin: 0cm 0cm 15.0pt 0cm;\"><span style=\"color: #363737;\">This mostly concerns folks renting apartments and townhouses and their complaints were often about the lack of policing the body's corporate rules \u2013 noise, rubbish and parking violations were the more common grievances.<\/span><\/p>\n\r\n<!-- \/21854739906\/PMDiff \r\n<div class='gam-diff googlead' id='div-gpt-ad-1591955248601-0'>\r\n  <script>\r\n    googletag.cmd.push(function() { googletag.display('div-gpt-ad-1591955248601-0'); });\r\n  <\/script>\r\n<\/div> -->\r\n\r\n<div class=\"adplugg-tag\" data-adplugg-zone=\"property_management_desktop_\"><\/div>\r\n<div class=\"adplugg-tag\" data-adplugg-zone=\"property_management_mobile_\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Here are three acronyms you should know to better understand what tenants want. SOAP SOAP has been around for some time, and it is somewhat heartening to see that this old faithful still features high on the rental market&#8217;s want list. S\u00a0= Storage 0\u00a0= Outdoor living space A\u00a0= Air conditioning P\u00a0= Parking (off street) PIES&#8230;<\/p>\n","protected":false},"author":8,"featured_media":165324,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[54,3],"tags":[],"class_list":["post-186381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-property-updates","category-property-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What do tenants want?<\/title>\n<meta name=\"description\" content=\"Here are three acronyms you should know to better understand what tenants want. 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