If you manage an apartment complex, you should think about having an HVAC system installed in all of the units that you manage. There are more positive things that come from having heating and air conditioning installed in your units than you may realize. Here are a few good examples of some positive things you can enjoy as a manager after having an HVAC system installed in your complex:
Rent units easier
You are going to have a harder time renting your apartment units out when they don't have heat or air conditioning and this is when your complex is in a place with mild weather. If you have an apartment complex that is in a region with hot summers or cold winters, then you are going to have an exceptionally hard time renting them out. Once you can say that the units have heating and air conditioning, then you will find them much easier to rent out.
Rent units for more
Even if you are asking for less rent than the other apartments in the area, you won't find them easy to rent without an HVAC system. However, when you have an HVAC system installed, you can start asking for more. In fact, after the system is installed, you will be able to use the fact that the apartments have a 'new HVAC system' as a big selling point that many of your competitors won't be able to claim. This can help you to ask even a bit more than they are for their units that are in the same condition as yours are in.
Keep tenants longer
Even if you do manage to rent your units out when you don't have heating and air conditioning, many of your tenants may end up moving out the first chance they get to rent an apartment that does have heating and air conditioning. This will be especially troublesome for you since you already have a hard time renting the units. When you offer your tenants a nice and comfortable apartment all year round, they will be much more likely to end up staying in your apartments for a long time to come. The longer you keep your tenants, the better off you will be. You won't have to take on the added expenses of preparing them for new tenants, looking for new tenants, and taking the loss of having the units empty until you replace the tenants.Share