When it comes to renting out a property, it’s vital to consider the outside just as much as the inside. Three things to be cautious of include failing to tell tenants about flood resources, investing too much in landscaping, and neglecting to take care of erosion prevention. Avoiding these errors is possible with a solid property management plan.
Lack of Communication Regarding Flooding
It’s not only a matter of liability 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 can transpire anywhere, even in places that seem arid and can bring about significant water damage. Property owners can save thousands in repair costs by guaranteeing tenants are well-informed about flood preparedness, making it an advantageous arrangement.
Property owners should share helpful online and community resources with all tenants and consider purchasing flood insurance. Many landlord insurance policies do not cover flood damage and must be obtained separately.
Spending Too Much on Landscaping
With reference to attracting high-quality tenants to a rental property, it’s advisable to create a visually appealing and practical outdoor environment. Finding a balance is crucial even if investing in landscaping might improve the property’s overall appearance. Spending unnecessarily on intricate and high-maintenance landscaping may lower the value of the property and turn off potential tenants who would rather have low-maintenance outdoor spaces.
A simple yet well-maintained landscape design draws more interest than a complicated and demanding garden. Many tenants are drawn to outdoor spaces that are easy to upkeep and need minimal effort to maintain, making a simple and well-maintained landscape a desirable feature for potential renters.
Failure to Employ Erosion Prevention Tactics
A precautionary step that can save property owners from expensive repairs is regularly checking for signs of erosion around a rental property’s exterior, such as big cracks and gullies in the soil, continuous wet spots, and dying plants.
The harm gets more expensive the longer the erosion is left unchecked. By utilizing proactive landscaping measures like gravel, landscape timbers, and properly placed gutters and downspouts Property owners can easily prevent erosion and preserve the condition of their rental home while saving money.
One of the best ways for property owners to prevent costly mistakes is to engage with a team of industry professionals. Working with professional property management companies like Real Property Management First Choice in Fort Smith and the surrounding areas ensures that proactive property maintenance and cost-effective exterior improvements are consistently executed. To get more information, contact us online or call 479-242-0791 to talk with our staff.
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.
