A rental property’s exterior appearance is a massive part of its overall appeal. Therefore, making impeccable designed arrangements outside of your rental property in Santa Clarita is just as important as what is inside it. With all the things in a rental home that need to be mended and restored, there are three items that could, in the long run, constitute damaging mistakes. Not acquainting tenants about flood resources and purchasing flood insurance, spending too much on landscaping, and failing to perform erosion prevention tasks are all costly mistakes that property owners can easily avoid with the right property management plan.
1. Lack of Communication Regarding Flooding
Perchance the worst thing a property owner can do is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can materialize anywhere in the country, even in dry climates. Storms, broken pipes, and other events can cause severe home water damage. Assisting tenants to know what to do in the event of a flood is the first step in stopping such a crippling crisis.
There are numerous resources online and in your local community that must be shared with all of your tenants. Another thing that property owners can do to prevent deleterious mistakes is to opt for flood insurance. Many landlord insurance policies do not include coverage for flood damage; flood insurance must typically be purchased separately.
2. Spending Too Much on Landscaping
An irresistible landscape is an invaluable tool to lure quality tenants to a rental home. But exhausting your finances on elaborate landscaping can have a negative effect on both a rental home’s value and ability to draw in prospective tenants. Some property owners unknowingly assume that in relation to landscaping, extra is always better. But lots of tenants don’t want to engage in the amount of work demanded in maintaining an elaborately landscaped yard. In the case of rental homes, simple and attractive is far better than a showcase garden.
3. Failure to Employ Erosion Prevention Tactics
Achieving routine checks for signs of erosion around a rental property’s exterior for large cracks and gullies in the soil, wet spots that never seem to dry, and dying plants or brown spots can all be signs that erosion is causing damage to a rental property’s yard. The longer the erosion goes unchecked, the more pricey the damage will be to correct. With some proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property owner can better keep clear of expensive renovations and keep their Santa Clarita rental home in great condition year after year.
One of the better defenses that property owners have when resisting costly mistakes is knowledge and prevention. When you sign with a professional property management company, you have an army of industry experts on your side making sure that proactive property maintenance and cost-effective exterior improvements are taking place on a regular basis. Real Property Management Traditions has a management plan you want to keep your property values high and your rental home lucrative. For more information, contact us online or call 661-266-1400 to speak with someone in the office.
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