Basics of Property Management: Screening Potential Tenants
5 Reason To Consider A Senior Living Apartment Complex
Jesse Obrien
Are you reaching the age where you are having problems living on your own, and you're not sure what your alternatives are? If so, know that a senior living apartment complex can be a great choice for you. Here are a few of the benefits that they can provide that you may not have thought of.
They Are Cost-Effective
It's important to look at the total cost of a senior apartment when compared to what it costs to live in your current single-family home. Between taxes, utilities, insurance, maintenance, and a potential mortgage, it may be much more expensive than you think it is. A senior living apartment complex can be competitive, even though you're renting. Consider all the benefits that provide and how those costs compare to living on your own.
They Offer Recreation
Even though you become a bit less active as you become older, you still need some sort of recreational activities to keep your mind and body healthy. Thankfully, senior living apartment complexes offer plenty in terms of recreational activity. They tailor these activities towards the ages of the people living in the facility, so you'll be able to participate in many of them.
They Offer A Community
These recreational activities are also an opportunity to meet other people in the senior apartment complex and meet friends that are the same age as you. This is something that can be challenging to do if you live on your own, since you really have to go out of your way to make new friends and find common interests.
They Offer Meal Preparation
One thing that many people struggle with as they get older is cooking. It could be from a physical problem, such as the dexterity to physically do the cooking in the kitchen, or just the logistics of getting groceries and figuring out what to make. Meal preparation is a huge benefit in a senior apartment since it can all be taken care of for you. Not having to think about your meals is one more way that your life will be less stressful.
They Are Safe
Many senior living apartments offer safety that is tailored to the seniors that are living there. This includes apartments that are wheelchair accessible, and even the ability to call for help if you are in trouble. You can get the assistance that you need that you wouldn't normally get in your home unless you had a nurse living with you.
Reach out to a company like Robert Cottingham Property Management Co to learn more about senior apartment complexes.
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For the last several years, I've used a property management firm to help with my rental properties. One of the tasks that they handle for me is screening applicants who would like to move into one of my vacant units. Their expertise has helped me lower my tenant turnover and find people who want to stay with me for years. Part of the process is a tenant screening credit check. Before any further contact takes place, my manager orders credit reports from at least two agencies. That is enough to tell us if an applicant is a good financial risk. Assuming the references work out, I meet the candidate and make the final decision. If you own rental properties, let me tell you more about the benefits of having a property manager. I'm betting you'll find this type of arrangement will work for you too.