When it comes to renting out a property, it’s super important to think about the outside just as much as the inside. There are three mistakes you need to be aware of: forgetting to tell tenants about flood resources, investing too much in landscaping, and not taking care of erosion prevention. Most of these errors can be avoided with a good property management plan.
Lack of Communication Regarding Flooding
It’s not just an issue of obligation 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. You can get flooded anywhere, even in places that seem dry and can give rise to significant water damage. Property owners can save thousands in repair costs by confirming that tenants are well-informed about flood preparedness, making it a good arrangement for everyone.
Property owners should provide valuable online and community resources to all tenants and consider purchasing flood insurance. Flood damage isn’t usually covered by many landlord insurance policies, so you’ll need to get a separate policy.
Spending Too Much on Landscaping
With regard to attracting high-quality tenants to a rental property, it’s recommended to produce a visually appealing and practical outdoor environment. Even though investing in landscaping can make the property look better, it’s necessary to find a balance. Excessive spending on intricate and high-maintenance landscaping might reduce the property’s value and dissuade potential tenants who want low-maintenance outdoor spaces.
A simple yet well-maintained landscape design is more appealing than an intricate garden that requires a lot of work. Many tenants are looking for outdoor spaces that are easy to upkeep and require minimal effort to maintain, making a simple and well-maintained landscape an attractive feature for potential renters.
Failure to Employ Erosion Prevention Tactics
Regularly checking for signs of erosion around a rental property’s exterior, such as massive cracks and gullies in the soil, constant wet areas, and dying plants, is a proactive action that can save property owners from expensive repairs.
The longer the time erosion is left unchecked, the more costly the damage becomes. Property owners can effectively prevent erosion by implementing proactive landscaping measures like gravel, landscape timbers, and well-installed gutters and downspouts, thereby maintaining the condition of their rental home and avoiding unnecessary expenses.
One of the most useful approaches for property owners to prevent costly mistakes is to partner with a team of industry professionals. When you employ a professional property management company such as Real Property Management Pocatello in Chubbuck and the adjacent areas, you can be absolutely certain that preventative property maintenance and cost-effective exterior improvements are accomplished on a regular basis. To get additional details, contact us online or call 208-234-1000 to speak with our team.
Originally Published on June 28, 2019
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