It is extremely essential to be mindful about the exterior just as much as the interior when it comes to renting out a property. Not telling tenants about flood resources, putting money too much on landscaping, and not taking care of erosion prevention are three things to watch out for. An effective property management plan can help you avoid these lapses.
Lack of Communication Regarding Flooding
It’s not only the right thing to do 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. Floods are possible anywhere, even in places that appear to be dry and can cause significant water damage. Property owners can save thousands in repair costs by ensuring tenants are well-informed about flood preparedness, making it an advantageous situation.
Property owners should give all of their tenants access to useful online and community resources, and they might also consider purchasing flood insurance. A lot of landlord insurance policies fail to include flood damage, so you’ll need to get separate coverage.
Spending Too Much on Landscaping
When it comes to attracting high-quality tenants to a rental property, it’s necessary to create a visually appealing and practical outdoor environment. While investing in landscaping can enhance the overall look of the property, it’s important to find a balance. Overspending on intricate and high-maintenance landscaping can potentially devalue the property and deter potential tenants who prefer low-maintenance outdoor spaces.
People are more interested in a simple and well-maintained landscape design than a complicated garden that needs a lot of work. A lot of tenants are on the hunt for outdoor spaces that are easy to upkeep and necessitate minimal effort to maintain. This means that a simple and well-maintained landscape is appealing to potential renters.
Failure to Employ Erosion Prevention Tactics
Regularly checking for signs of erosion around a rental property’s exterior, like huge cracks and gullies in the ground, permanent wet spots, and withering plants, is a preemptive action that can save property owners from expensive repairs.
The harm gets more expensive as time goes on if erosion is left unchecked. Proactive landscaping measures such as gravel, landscape timbers, and properly placed gutters and downspouts can help property owners prevent erosion. This will keep the condition of their rental home in good shape and keep them from having to pay extras for repairs.
Having a team of industry professionals on your side is one of the most effective ways for property owners to prevent costly mistakes. You can be sure that proactive property upkeep and cost-effective exterior improvements are regularly done when you hire a professional property management company like Real Property Management Vision in Sun Valley and nearby. To find out more, contact us online or call 818-233-8789 to speak with our team.
Originally Published on June 28, 2019
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
