When it comes to renting out a property, the exterior is as important as the interior. Neglecting to tell tenants about flood resources, unnecessary spending on landscaping, and ignoring erosion prevention are three issues that warrant attention. A solid property management plan can assist you in avoiding these errors.
Lack of Communication Regarding Flooding
It’s not just a matter of responsibility but also a smart financial move for property owners to educate tenants about flood resources and the importance of purchasing flood insurance for their rental property. Flooding can occur in seemingly arid regions as well, causing significant water damage. Property owners can save thousands in repair costs by warranting that tenants are well-informed about flood preparedness, making it advantageous for both parties.
All tenants should be provided with beneficial online and community resources, and property owners should also consider purchasing flood insurance. Flood damage coverage is typically excluded from landlord insurance policies and must be acquired separately.
Spending Too Much on Landscaping
An aesthetically appealing and practical outdoor environment is essential to attract high-quality tenants to a rental property. Although investing in landscaping can improve the overall appearance of a property, it’s crucial to maintain a balance. Investing excessively in intricate and high-maintenance landscaping may result in a decrease in the property’s value and discourage potential tenants who favor low-maintenance outdoor spaces.
A simple yet well-maintained landscape design attracts more interest than a complex and high-maintenance garden. Many tenants are looking for outdoor spaces that are easy to upkeep and require minimal effort to maintain, making a simple and well-maintained landscape an attractive feature for potential renters.
Failure to Employ Erosion Prevention Tactics
Regularly checking for signs of erosion around a rental property’s exterior, such as large cracks and gullies in the soil, consistent moisture, and wilting vegetation, is a proactive action that can safeguard property owners from expensive repairs.
Destruction becomes more financially burdensome as erosion is left unchecked. By implementing proactive landscaping measures like gravel, landscape timbers, and properly installed gutters and downspouts, property owners can quickly prevent erosion, thus preserving the condition of their rental home and eliminating unforeseen expenses.
Collaborating with a group of industry professionals is one of the most efficacious methods by which property owners can prevent costly mistakes. Employing a professional property management company such as the Real Property Management Clarity Team in the vicinity of Sandusky guarantees consistent implementation of cost-effective exterior improvements and proactive property maintenance. Call 567-200-2320 or contact us online or communicate with a member of our staff regarding further details.
Originally Published on June 28, 2019
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