When considering renting out a property, it’s essential to give the same importance to both the exterior and interior. There are three important things to be aware of: failing to tell tenants about flood resources, overspending on landscaping, and failing to tackle erosion prevention. A sound property management plan can assist you in preventing these sorts of errors.
Lack of Communication Regarding Flooding
This is not simply an issue of accountability 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 in any place, even seemingly dry ones, and can cause significant water damage. Property owners can save thousands in repair costs by making certain that tenants are well-informed about flood preparedness, creating an arrangement that is mutually beneficial.
Property owners should offer useful online and community resources to all tenants and consider purchasing flood insurance. Many landlord insurance policies do not include flood damage and must be attained separately.
Spending Too Much on Landscaping
In terms of attracting high-quality tenants to a rental property, it’s vital to create an aesthetically appealing and practical outdoor environment. Investing in landscaping can boost the aesthetic appeal of the property, but it’s crucial to achieve a harmonious balance. Spending overly on intricate and high-maintenance landscaping has a chance of lowering the value of the property and deterring potential tenants who choose low-maintenance outdoor spaces.
A straightforward yet well-maintained landscape design receives more attention than a complex and laborious garden. Numerous tenants prefer outdoor spaces that are easy to upkeep and demand minimal effort to maintain, making a simple and well-maintained landscape a desirable trait for potential renters.
Failure to Employ Erosion Prevention Tactics
Regularly checking for signs of erosion around a rental property’s exterior, such as significant cracks and gullies in the soil, continuous damp areas, and dying plants, is an early step that can save property owners from expensive repairs.
The longer erosion is left unchecked, the more expensive the harm it causes. Property owners can effectively prevent erosion by applying proactive landscaping measures like gravel, landscape timbers, and well-installed gutters and downspouts. This allows them to maintain the condition of their rental home and prevent pointless expenses.
One of the most effective ways for property owners to prevent costly mistakes is to have a team of industry professionals on their side. When you engage with a professional property management company such as Real Property Management Northern Utah in West Point and its vicinity, you can rest assured that they will regularly perform proactive property maintenance and cost-effective exterior improvements. For more information, contact us online or call 801-546-1770 to speak with our team.
Originally Published on June 28, 2019
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