How to Rent Your House to Military Families
Want to learn how to rent your house to military families? See how you can with Zeus here.
Renting to military tenants is a unique—and easy—way to earn income from your rental property. Plus, you’ll feel good while you do it.
When you rent to a military family, there are a handful of ways you can better prepare yourself for success. If you create a rental that’s conducive to what military tenants need, you’ll have the best success at attracting these families to rent your home.
From kid-friendly spaces to military member discounts, here are our top tips to follow if you’re planning to rent to military families. Of course, if at the end of these tips, you’d rather have someone else do it, that’s why companies like Zeus Living exist in the first place. Give us the reigns on your rental and we’ll take care of the rest.
Let’s first discuss our suggestions, then we’ll dive into what it’s like renting with Zeus Living. At the end of this guide, you’ll be ready to sit back, relax, and enjoy the feeling that comes when your income property is rented (and with a good purpose, too).
Part of learning how to rent your house to military families is to make it kid friendly. Lots of military families are moving with young children and looking for ways to keep their kids happy and content. There are several ways you can do this. Some landlords will fence in the backyard and put in a swing set or a pool. Other smaller yet still impactful kid-friendly perks include extra storage and kid-friendly closet space or a living room with a play area. You can also create a folder of suggestions for fun kid-friendly things to do in the area, like a visit to the local bowling alley or the aquarium. Parents will appreciate the extra thought—and kids will, too.
Much of the military housing and government employee housing on the market is furnished. Military and government workers move frequently, and might not have plans to stay in the area for too long, making furnished housing appealing. If a family is looking for a rental for a few months, they probably don’t want to hassle purchasing beds, dressers, or a kitchen table. Being thoughtful about furnishing your home will go a long way in making it attractive to military renters.
Before a tenant considers renting military housing, they first hav e to know it exists—and that’s where marketing comes into play. List “home for rent to military families” online or with flyers at the local grocery stores and coffee shops. Consider places where potential renters might stop in if they’re in the area like a family-friendly restaurant or ice cream parlor. See if your local military base has any advice or outlets for you, as they may have suggestions or a system already set up that links landlords and renters.
If you’re interested in renting to military tenants, chances are you’re in a location that’s a good place to do so. Military families look for homes that are close to base or an easy commute away. Make it easy on your potential renters and calculate the distances from the closest military landmarks, whether that’s a naval base or a marine corps headquarters. When you’re renting to a family, you also want to mention family-friendly amenities that are nearby. Your rental might be walking distance from the local elementary school or close to the neighborhood farmers’ market. Perhaps there’s a park on the corner or a community swimming pool. Little things like these go a long way when a family is choosing their next home. If you put in the time to do your research, you’ll be more likely to reap the reward of happy renters.
A good rule of thumb when you’re trying to rent to military families is to know your potential renters. If you’re renting a small one-bedroom apartment, your best bet will be a young couple without any children. Or, you might appeal to a couple with an infant. In this case, if your rental is furnished, consider including a crib and changing table. If your home is bigger and in a neighborhood with a nearby elementary school, you might have more luck with a larger family with school-aged kids. Start off by making a list of all the things your home has to offer. That way, when your potential renters come around, you can help them decide whether or not it’s a fit for their family.
BAH refers to Basic Allowance for Housing. This is a stipend that military employees get to help cover their rental housing costs. This rate varies based on an individual’s rank and location. Do some research to see what the typical BAH rate is in your area. From there, you can fine-tune your monthly price and find a number that makes sense. Keep in mind that some families, if they choose, can spend more or less than what their allowance is, but being the range of the BAH will be important.
Part of renting to military tenants is accepting that they often move more frequently than other tenants. Although each situation is unique, military families might move every few months—or they might stay in one place for a few years or longer. Understanding this particular job requirement and doing your best to accommodate a family will go a long way as a property owner. Of course, it’s hard on families to constantly pick up and move and the hope is that they’ll get to stay for a long lease (rather than a short one). Being flexible with your terms and empathetic to your tenant’s current situation is an important component when you rent to military families.
For someone on the hunt for a home, the words “rental discount” help pique their interest. If you want to keep up with the competition, and show your support for military employees, consider offering a military discount. Part of learning how to rent your house to military families is showing you care. Renters want to feel taken care of, respected, and looked after by their landlord. Military families are often looking for budget-friendly accommodations where their families can feel comfortable and settled pretty quickly—despite being in a new place. You can offer your military discount in a variety of ways. If a family is moving in toward the end of the month, consider waiving the remainder of the month and start the lease the following month instead. You can also offer a one-time discount or take a small percentage off the overall monthly rent. How you structure your discount and how much that discount accounts for is up to you, but when renting to military tenants, it’s appreciated. It can make or break someone’s decision about whether or not they’d like to rent from you.
There are plenty of established rental companies that will help with the details of renting to military tenants. If you don’t have the connections or the website already up and running, it can be tough to get started. A good rental company will take care of everything—from lease terms to furnishings—so you don’t have to stress about it. At Zeus Living, we offer rentals in New York, Boston, the San Francisco Bay Area, Los Angeles, Seattle, and Washington, D.C. If you’re interested in renting to military tenants, Zeus will take care of your home like it’s our own. We’ll design it, furnish it, and rent it out for long term stays. When you sign a master lease with us, we’ll find you high quality residents by partnering with leading companies who value our corporate housing service. Whether you have a small studio or a large neighborhood home, we’ll help you find the perfect family who will be happy to call it their own. Plus, any issue that the resident has—from cleaning to repairs—we’ll take care of.
When you’re figuring out the best plan for how to rent your house to military families, there are plenty of things to consider. Between the marketing, the furnishings, and being flexible with lease terms, it’s important to find a plan that works for you. Renting to military tenants comes with a unique set of guidelines—but it’s incredibly gratifying knowing you can help someone who is serving our country.
If you’re interested in hearing more about what we do at Zeus, feel free to reach out. We’d be happy to guide you through the process and see if our way of renting is a fit for your home.