Even as rental markets tighten, Fred Leeds Property Management is witnessing some fierce competition for good tenants. The trend we’ve seen from potential tenants who are looking at Fred Leeds Properties or those managed by another South Bay Property Management company are seeking amenities. Property owners and investors who want to attract a high-income demographic of tenants are starting to increase the amenities at their units.
Some of the common niceties we’ve noticed among the units that we handle at Fred Leeds Property Management include stainless steel appliances and granite counter tops, but now it seems that investors and even other South Bay Property Management companies are seeing the benefits of providing on-site gyms, Jacuzzis, nice communal spaces, as well as housekeeping services, dry cleaning and underground parking. Investors who are willing to make the investment in such upgrades will definitely reap long-term rewards. At Fred Leeds Properties, we understand that amenities translate to low tenant turnover, full building and even waiting lists.
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