A rental property’s exterior appearance is an essential aspect of its overall appeal. That’s why making the right decisions regarding the exterior of your rental property in Sandusky is just as crucial as what goes inside. Among all the things in a rental home that requires repair and maintenance, these three items could result in costly mistake: keeping your tenants in the dark about flood resources and purchasing flood insurance, spending too much on landscaping, and failing to perform erosion prevention tasks are all costly mistakes that property owners can easily avoid with the right property management plan.
1. Lack of Communication Regarding Flooding
Possibly the most unfortunate blunder a property owner can make is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can occur anywhere in the land, even in dry climates. Storms, broken pipes, and other circumstances can result in severe home water damage. Making sure tenants know what to do in the event of a flood is a crucial first step in stopping such a costly hazard.
There are terrific resources online and in your local community that ought to be distributed with all tenants. Another important thing that property owners can do to evade expensive mistakes is to obtain flood insurance. Many landlord insurance policies do not include coverage for flood damage; flood insurance must typically be purchased separately.
2. Spending Too Much on Landscaping
An attractive landscape is a significant way to entice quality tenants to a rental home. Nonetheless, overspending on elaborate landscaping can have an undesirable effect on both a rental home’s value and ability to draw in prospective tenants. Some property owners incorrectly assume that when it comes to landscaping, more is always better. But many tenants don’t want to take on the amount of work involved in maintaining an elaborately landscaped yard. In the case of rental homes, simple and attractive is far better than a showcase garden.
3. Failure to Employ Erosion Prevention Tactics
Conducting routine checks for signs of erosion surrounding a rental property’s exterior for large cracks and gullies in the soil, wet spots that never seem to dry, and dying plants or brown spots can all be signs that erosion is causing damage to a rental property’s yard. The longer the erosion goes unchecked, the more costly the destruction will be to repair. With some proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property owner can better avert expensive repairs and keep their Sandusky rental home in good shape year after year.
One of the best protection that property owners have against costly mistakes is knowledge and prevention. When you hire a professional property management company, you have a team of industry professionals on your side, making sure that proactive property maintenance and cost-effective exterior improvements are taking place on a regular basis. Real Property Management Clarity Team has the management plan you need to keep your property values high and your rental home successful. For more information, contact us online or call 567-200-2320 to speak with someone in the office.
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