Owning an apartment complex can be a lucrative investment. In order to make that investment pay off, you need to make your complex more appealing to potential residents. Below are two amenities that can make your residential living space be more competitive in the market and more appealing to renters.

1. Outdoor Recreational Space

Having a usable outdoor living space, especially in mild climates, is essential to any apartment complex. One of the main disadvantages to an apartment is the lack of open outdoor space, and lessening that effect is highly appealing to residents. Consider adding the following outdoor amenities to your complex.

• BBQ Grills and Pits: Cooking outdoors is a staple of mild weather and will help add to the sense of community in your complex.
• A Walking Path: Make sure this amenity is secluded from main roads to make it is safer for pets and children.
• A Pool/Hot Tub: A pool is considered a high-value amenity that requires outside payment. Including this in the rent is a plus for residents.
• Landscape and Foliage: In addition to adding to the aesthetic beauty of the complex, landscaping makes the complex seem more friendly and usable.
• Basketball/Tennis Courts: Again, outside of the complex, these amenities would need payment. Including them in the rent adds appeal.

Make sure all of these amenities are functioning and in good repair to further add to appeal. Residents won't feel comfortable using worn, damaged property. Contact a property management company if you need assistance managing the finite care of outdoor property.

2. Online Services

With modern conveniences such as online banking, shopping, and working, it seems only logical to take apartment business to the internet. Having tools such as rent payment, maintenance order submission, management contact, and social media page access makes the complex seem modern and easy to work with.

Developing a user-friendly website can be time consuming and sometimes costly, but it is a worthwhile investment to appear competitive over other complexes. If you have trouble developing a website, property management companies will have services that including developing and running an apartment complex website for the owner. Just make sure the residents know about it and find it easy to use. Take special care to ensure the rent payment system is working properly to avoid technical issues with your residents.

Owning your own apartment complex and consequent property management is a great source of income, and if you take care to make your property appealing in your area, you should have great succes.