Southwestern Management And Realty Team

Rental Trends Set Sights on Retirement Properties

If you’re new to rental property investing, or just want to increase your portfolio, a new survey suggests you may want to take a good, hard look at investing in a retirement property. 

Retiring Younger (and With More Cash)

The survey found that Baby Boomers are planning to retire earlier than before — at an average age of 63, rather than age 65. And, roughly one-third of these retirees will be moving into a new home for their retirement years.

In certain areas, like warm, sunny Las Vegas, this is a huge opportunity in real estate for downsized housing.

Keep in mind also, that these are active, highly motivated people with a good savings.

The average 401(k) in the middle of 2017 (for all ages) was $97,700. The average IRA account held $100,200. Retirees tend to be at the top of these curves.

Rent With Boomers in Mind

Revenue streams that could be a real possibility for property owners and property managers include the following.

  • Splitting multi-family homes – Retirees usually need much less space than families and first-time homebuyers. They can also be usually quieter than the average tenant. With a bit of additional sound insulation, a property owner may be able to rent a multifamily home twice to multiple retirees.
  • Renting single-family homes– Retirees can be some of the best-behaved tenants and homeowners a property manager could ask for. If you’re a landlord who is looking for a good opportunity to make money at scale, focusing on retirement properties could be a great option for you.

At SMART, we encourage all our homeowner clients to make their properties more attractive to tenants — even retirees.  Baby Boomers just may find you some strong resident retention in the years to come.

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SMART Rental Qualifications

The following are Southwestern Management And Realty Team’s (SMART) guidelines for renting a property through SMART. Each and every application will be reviewed by a member of SMART and could be adjusted depending on credit/income and the application itself. Please be truthful!

Rental Qualifications

  • Applicant MUST be 18 years or older and application fee is $65.00 per person and is non-refundable.


  • Minimum score of 650
  • No EVICTIONS in the past 5 years
  • No utility collections (gas, power, water)

Income Verification

  • Income MUST be 3 times the monthly rent for good credit 650+ and 4 times if applicant has poor credit but good income.
  • MUST be verifiable
  • MUST be with current employer for at least 6 months.
    **If self-employed—CPA financial statements and/or tax returns are acceptable.

Employment History

(you could be required to show proof if requested, paycheck stubs, etc.)

  • Verifiable employment history for the past 3 years
    **If self-employed/retired/not employed—can verify income with signed tax returns and/or bank statements.

Rental History Verification

  • Verify for the past 3 years
  • Must provide: Landlord Names, and phone number, email (if available) on the online application.

Criminal Background Check

SMART does check—Criminal, Sex Offender and Terrorist database

  • NO sex offenders
  • NO crimes—violent crimes, prostitution, domestic violence, possession of weapons or illegal drugs


MUST be 30 pounds & under & absolutely no violent breeds—ask SMART for the Pet Policy

  • 2 pets max
  • NO ferrets or snakes
  • NO Dangerous, poisonous or illegal pets
  • NO aquariums larger than 10 gallons

Emotional Support pets are NOT considered a Service Animal and not under ADA laws.