Can you think of a time in the last month that you have gone a whole day without internet? In this day and age internet access has become as necessary to some right up there with electricity and clean water. So as a property owner you may be wondering if it makes sense to offer free internet services included in the rent for their tenants.
While there is no one right answer to this question, there are a number of important aspects to consider before deciding one way or the other. In some cases, including free internet service with your rental may help attract and retain quality tenants. But in other situations, renters may see the offered services as unwanted or dislike the service provider. Knowing your market and target demographic can help you decide whether offering internet to your tenants is the right choice.
Before you can offer internet, you’ll need to have both services installed and a service plan purchased in advance. For a single-family rental home in a heavily connected area, this may be a quick and straightforward process, especially if your rental property has had internet service in the past.
However, installing and maintaining internet services can place an additional strain on a property owner’s cash flow, and so looking at the financial aspects first is important. The costs to make internet and cable accessible may be completely justified if you expect your target demographic will be attracted to having those amenities already included in their rent. On the other hand, it may not make sense to offer internet to tenants in areas where they are still viewed as add-on services.
Ultimately, the decision of whether to offer cable and internet service to your tenants must come as a result of taking all of these aspects under serious consideration. And, if you haven’t already, consider contacting us with any questions regarding your property!