It’s critical to consider the exterior in the same manner as the interior when it comes to renting out a property. Three things to be cautious of are failing to tell tenants about flood resources, spending excessively on landscaping, and neglecting erosion prevention. Avoiding these errors can be facilitated by a well-crafted property management plan.
Lack of Communication Regarding Flooding
It’s not just a question of duty 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 happen anywhere, even in areas that seem dry and can result in significant water damage. Property owners can save thousands in repair costs by ensuring tenants are well-informed about flood preparedness, making it a win-win situation.
Property owners should provide effective online and community resources to all tenants and consider purchasing flood insurance. Flood damage is often excluded from landlord insurance policies and needs to be purchased separately.
Spending Too Much on Landscaping
On the subject of attracting high-quality tenants to a rental property, it’s imperative to create an aesthetically appealing and practical outdoor environment. While investing in landscaping might improve the property’s aesthetic value, it’s crucial to strike a balance. The property’s value may be negatively impacted by excessive spending on intricate and high-maintenance landscaping, and potential tenants who prefer low-maintenance outdoor spaces may be turned off.
An uncomplicated yet well-maintained landscape design is more visually appealing in comparison to a complicated, costly to maintain garden. Several tenants are searching for outdoor spaces that are easy to upkeep and need minimal effort to maintain, making a simple and well-maintained landscape an alluring quality for potential renters.
Failure to Employ Erosion Prevention Tactics
Regularly checking for signs of erosion around a rental property’s exterior, such as big cracks and gullies in the soil, frequent wet spots, and withering plants, is a preventive action that can save property owners from expensive repairs.
The longer the time erosion is left unchecked, the costlier the harm gets. Property owners can quickly prevent erosion by utilizing proactive landscaping measures like gravel, landscape timbers, and properly built gutters and downspouts, thereby keeping the condition of their rental home while saving money.
Having a group of experienced industry professionals on one’s side is one of the most efficient methods for property owners to prevent costly mistakes. When you collaborate with a professional property management company like Real Property Management Traditions in Santa Clarita and adjacent areas, you can rest assured that preventive property upkeep and cost-effective exterior improvements are completed routinely. If you want to get more details, contact us online or call 661-266-1400to talk with our team.
Originally Published on June 28, 2019
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