A rental property’s exterior appearance is a prominent component of its overall appeal. Because of this fact, making and administering the right choices about the exterior of your rental property in Chubbuck is just as powerful as what goes inside it. With all the elements in a rental home that need to be repaired and maintained, we have narrowed the list down to these three items that could turn out to be expensive mistakes. Not familiarizing tenants regarding 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
Possibly the most damaging slip-up a property owner can do is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can chance upon anywhere in the country, even in dry climates. Storms, broken pipes, and other incidents can result in severe home water damage. Assisting tenants to know what to do in the event of a flood is an essential primary action in preventing such a costly risk.
There are invaluable resources online and in your local community that should be distributed with all tenants. Another vital practice that property owners can do to circumvent such expensive mistakes is to purchase 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
A visually pleasing landscape is a fundamental approach to entice quality tenants to a rental home. Though spending too much on elaborate landscaping can hurt both a rental home’s value and ability to draw in prospective tenants. Some property owners falsely believe that when it comes to landscaping, more is always more satisfying. However, multiple tenants don’t aspire to undertake the amount of work required 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
Completing routine checks for signs of erosion throughout 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 more delayed the erosion goes unchecked, the more expensive the destruction will be to repair. With a bit of proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property owner can better avoid expensive repairs and keep their Chubbuck rental home in good condition year after year.
One of the best protections that property owners have to counter costly mistakes is knowledge and prevention. When you hire a professional property management company, you have a team of industry professionals on your side, making sure that proactive property maintenance and cost-effective exterior improvements are taking place on a regular basis. Real Property Management Pocatello has the management plan you need to retain your property values high and your rental home profitable. For more information, contact us online or call 208-234-1000 to speak with someone in the office.
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