Boost Property Value and Revenue with Amenify: Essential Amenities Without the Overhead
The rental market has become increasingly competitive over the last few years, and property managers and owners are under constant pressure to improve their revenue, reduce operational costs, and increase tenant satisfaction without absorbing the full financial burden of property overhead. This is where Amenify delivers measurable value.
Amenify isn’t just another amenity service provider; it's a strategic partner that enables property managers to offer high-demand amenities that renters expect in their homes these days. And all of this can be achieved by partnering with Amenify while keeping the cost to renters in check and earning additional revenue through ancillary streams.
With Amenify, property managers can improve the perceived value of their properties, increase tenant retention, and stand out in the multifamily rental market.
What Do Renters Want These Days?
Most Requested Helpful Services
The expectations of renters have shifted dramatically over the last decade. Tenants no longer just want a roof over their heads. They demand more. According to a 2022 study by the National Multifamily Housing Council (NMHC), 75% of renters now consider amenities as a key factor when deciding whether to lease. These aren’t just fancy perks anymore—they are expected.
Impact of On-Demand Service on Tenant Retention
Services such as on-demand cleaning, handyman assistance, pet care, package management, and even food and grocery delivery are no longer "nice to haves." They’ve become essentials. Renters want convenience. They want to live in a space that supports their busy lifestyles—places where they can focus on their work, personal life, and interests, rather than spending time on mundane chores.
When properties fail to offer these services, they risk increased vacancy rates and costly turnover. On the flip side, properties that embrace modern amenities see an increase in lease renewals by up to 15-20%, according to the National Apartment Association (NAA). Offering these services isn’t just a nice touch—it’s a business necessity. It directly impacts tenant satisfaction, which is linked to retention and overall profitability.
What Is Amenify’s Perceived Value?
Property managers and owners can offer a range of essential lifestyle services without appreciably raising property overhead by working with Amenify. By integrating Amenify's platform, property managers can offer tenants on-demand services like deep cleaning, grocery delivery, dog walking, handyman support, assistance with move-in and move-out, and even chore subscriptions.
Why does this matter?
Enabling these services equates to direct communication between property management and tenants. For tenants, it is unbelievably easy to request services, and undoubtedly enhances their quality of life. What about property managers? These services help to substantially lower property maintenance and upkeep costs, especially during move-outs. The increased likelihood of tenants maintaining the property helps to avoid or reduce costly damages due to unmaintained or neglected repair issues. It also eases the burden of organizing those requests for amenities, enabling tenants to make their requests via Amenify's platform easily and conveniently.
On top of reducing maintenance costs, partnering with Amenify has been shown to boost property managers' Net Operating Income (NOI) by 10-15%. Think about it—no additional staff, no added overhead, just more revenue from ancillary income streams.
It benefits both sides while maintaining the overall condition of their property. In a very competitive rental market, this is how you can stand out from the competition. Renters want more than a place to live; they want an experience. Amenify allows you to provide that experience.
Services Provided by Amenify
Amenify isn’t just about convenience—it’s about improving the entire property management process. Here’s a closer look at the services that can be offered through Amenify:
Cleaning Services: Regular and deep cleaning options keep your property sparkling, preventing long-term wear and tear.
Handyman Services: Minor repairs or maintenance issues are handled on demand, making sure the property remains in optimal condition without the need for additional staff.
Food and Grocery Delivery: Tenants get their essentials delivered straight to their door, adding convenience to their lives.
Move-in/Move-out Services: Smooth transitions for new and outgoing tenants, with the added benefit of inspecting properties without worrying about unexpected damages.
Chores Subscription: Let tenants outsource their regular chores, like laundry or dishes to a third party, reducing the risk of dissatisfaction with the condition of the unit.
Dog Walking & Pet Care: Pet-friendly amenities add significant value for renters with pets, who are increasingly looking for properties that cater to their furry friends.
These services not only make your property more attractive, but they also encourage tenant loyalty and reduce tenant turnover. With Amenify, you can give tenants exactly what they’re looking for, all while keeping your overhead low and your NOI high.
What More Can Amenify Offer You?
One of the most compelling benefits to partnering with Amenify is our ability to provide ancillary income to property managers, with no extra work on their part. Traditional service alternatives would take time for additional coordination or more staff, but Amenify is customizable into your property management software via API integrations and into Axis, allowing tenants to select their preferred service right from the property management platform.
We are creating new revenue opportunities, without adding any work on your part, as the tenants pay for the services, and as the property manager, you simply have a revenue opportunity. This is an easy way to make more money without increasing your operating base.
The Bottom Line: ROI and Revenue
At the end of the day, you are investing in both tenant satisfaction and your bottom line by offering Amenify's services. There is no questioning the return on investment (ROI): tenant retention, ancillary income, reduced maintenance costs, and a more competitive offering in the market. These are the types of revenue opportunities that all property managers need to stay ahead.
In property management, it really is simple: generate revenue, decrease costs, and make tenants happy. The perceived value for Amenify is its ability to accomplish all three, while not passing additional property overhead to your organization.
If you are ready to increase the overall value of your property and make sure tenants have the amenities they expect, it is truly a no-brainer to choose Amenify. These are the sorts of smart business decisions that will pay off over time.
Conclusion
In the competitive rental industry, it’s not just a rental, it’s an experience. Renters demand more than just four walls and a roof; they want convenience, ease, and services that help to streamline their busy lives. When property managers partner with Amenify, they can enhance a property’s perceived value, tenant satisfaction, and increase revenue with no additional expenses.
When deciding to invest in Amenify, it’s not only about meeting tenant demands, it’s about providing a competitive advantage and making sure your property is standing out for all of the right reasons! What are you waiting for? Elevate the value of your property with Amenify today.
