In terms of renting out a property, it’s vital to consider the outside as well as the inside. Three things to be wary of are neglecting erosion prevention, overspending on landscaping, and failing to tell tenants about flood resources. You may avoid making these errors with the use of a solid property management plan.
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. Even seemingly dry places can experience flooding, which can cause significant water damage. Property owners can save thousands in repair costs by guaranteeing tenants are well-informed about flood preparedness, creating a win-win scenario.
Property owners must offer useful online and community resources to all tenants and consider purchasing flood insurance. Flood damage is typically not covered by landlord insurance policies and needs to be arranged separately.
Spending Too Much on Landscaping
In terms of attracting high-quality tenants to a rental property, you need to establish a visually appealing and practical outdoor environment. Although investing in landscaping can improve the property’s overall appearance, it’s imperative to find a balance. Excessive investment in intricate and high-maintenance landscaping may lower the property’s value and discourage potential tenants who want low-maintenance outdoor spaces.
A straightforward yet well-maintained landscape design catches greater interest than a complicated, labor-intensive garden. A lot of tenants are seeking outdoor spaces that are easy to upkeep and necessitate minimal effort to maintain, making a simple and well-maintained landscape an appealing aspect for potential renters.
Failure to Employ Erosion Prevention Tactics
Regularly checking for signs of erosion on the area of a rental property’s exterior, such as huge cracks and gullies in the soil, recurring wet areas, and dying plants, is a preventive maintenance that can save property owners from expensive repairs.
The longer the time erosion is left unchecked, the pricier the harm becomes. By using proactive landscaping measures like gravel, landscape timbers, and properly placed gutters and downspouts, property owners can efficiently prevent erosion, preserving the condition of their rental home and eliminating needless expenses.
One of the most efficient approaches for property owners to prevent costly mistakes is to partner with a team of industry professionals. When you partner with a professional property management company such as Real Property Management Prosperity in Southampton and the adjacent areas, you can be certain that proactive property care and cost-effective exterior improvements will be completed regularly. For extra details, contact us online or call 267-364-5785 to speak with our team.
Originally Published on June 28, 2019
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