Millennials, those born between 1980 and 2000 are coming of age and about to move into your apartment or buy your house. Do you wonder what they are like, how they communicate and what is important to them? You should. For one thing, this group is huge, larger than the baby boomers, and they will soon dominate the market place. Smarterlandlords understand these changing demographics and look for ways to tune their business to be more receptive to this sizable generation. This infographic is a good place to start to learn more about the Millennial generation.
ADVICE FROM EXPERIENCE
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This study tells me that when considering rentals to buy, we should be looking in areas that have what Millennials want: walking distance to coffee shops, restaurants, parks, and public transportation. And of course free Wi-Fi and bicycle racks. A gym and a health food store close by would be another plus. On the other hand, covered parking might not be as important as it was in the past.
George Lambert
Author, What You Must Know BEFORE Becoming a Greedy Landlord. How to build a portfolio of investment properties for an income that lasts a lifetime.