Renting out your property can be a lucrative venture, and one niche market that offers a stable tenant base is the military. With numerous military bases across the United States, there is a constant demand for rental properties from military members and their families. In this review, we will explore effective strategies on how to attract military members to rent your house, ensuring a mutually beneficial arrangement. By understanding their unique needs and preferences, you can maximize your chances of securing military tenants.
Offer Military-Friendly Amenities:
One of the key factors that military members consider when searching for housing is proximity to military installations. Emphasize the convenience of your location, highlighting the distance to nearby bases, and any military-specific amenities in the area, such as commissaries, gyms, or recreational facilities. This will make your property more appealing to military members who value accessibility.
Advertise on Military-Specific Platforms:
To target military members directly, utilize online platforms that cater specifically to this demographic, such as military housing websites, forums, or social media groups. By posting your rental listing on these platforms, you increase your chances of attracting military tenants actively seeking housing options.
If you like the idea of appealing to military families, try to imagine their lifestyle and what you can do to appeal to their needs. Military families move often, so they typically travel light and bring as few furniture items as possible. Consider advertising your property as being furnished or partially furnished.
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Are military families good tenants?
Military members are often viewed as reliable tenants because they live a very structured lifestyle and typically have a strong work ethic. Therefore, they tend to be punctual with rent payments and take good care of the property.
Does the military pay for your apartment?
Generally, housing is provided for all active duty service members, whether they're living on or off base. There may be exceptions to this rule, which you can discuss with a recruiter. Otherwise, with the abundance of housing options, most service members will be able to find housing that fits their needs.
What happens to my house if I join the military?
If you took out a mortgage before entering active-duty military service (also known as a “pre-service mortgage obligation”), you generally can't be foreclosed on without a valid court order while you are on active duty and for an additional 12 months after leaving active duty.
How much will military pay for housing?
The 2023 Basic Allowance for Housing rates, as part of a robust military compensation package, continue the member cost-sharing element at five percent of the national average housing cost by pay grade. These amounts vary by grade and dependency status and range from $82 to $184 monthly for the 2023 rates.
What to do with house on deployment?
Some deployed military personnel rent out their home or sub-lease it to other people whom they can trust. These individuals can watch your belongings for you. However, you will still have to make sure that rent is paid, and any mortgage is covered.
So what do you tell a small landlord whose tenants get to live in his house without paying rent, sending him and his family into a financial tailspin? Many single family, one rental landlords (many of whom are military members) cannot absorb nearly a year of lost rent!