When considering renting out a property, the exterior holds equal significance to the interior. There are three things that require attention: neglecting to tell tenants about flood resources, excessive spending on landscaping, and ignoring erosion prevention measures. Implementing a solid property management plan can help you prevent these mistakes.
Lack of Communication Regarding Flooding
Aside from being a smart financial move, property owners must educate tenants about flood resources and the importance of purchasing flood insurance for their rental property. Even in seemingly arid regions, flooding can occur, causing significant water damage. Property owners can save thousands in repair costs by warranting that tenants are well-informed about flood preparedness, making it a win-win situation.
All tenants should be provided with valuable online and community resources by property owners and should also consider purchasing flood insurance. Flood damage coverage is typically not included in landlord insurance policies, so you must obtain it separately.
Spending Too Much on Landscaping
A visually appealing and practical outdoor environment is important to attract high-quality tenants to a rental property. Even though investing in landscaping can enhance the general look of a property, it’s necessary to maintain a balance. Spending a lot on intricate and high-maintenance landscaping can lead to a decline in the property’s value and deter potential tenants who favor low-maintenance outdoor spaces.
A simple yet well-maintained landscape design tends to generate more interest compared to a complicated and high-maintenance garden. Many tenants are searching for outdoor spaces that are easy to upkeep and demand minimal effort to maintain, making a simple and well-maintained landscape a key 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 moisture, and dying vegetation, is a preventative practice that can save property owners from expensive repairs.
Damage becomes more expensive as erosion is left unchecked for a long period. By utilizing proactive landscaping measures like gravel, landscape timbers, and properly installed gutters and downspouts, property owners can easily prevent erosion, thus maintaining the condition of their rental home while eliminating unnecessary expenses.
Engaging with a group of industry professionals is one of the best ways by which property owners can prevent costly mistakes. By working with a professional property management company such as Real Property Management Freedom in the vicinity of Brandon, you can ensure that cost-effective exterior improvements are consistently implemented and proactive property maintenance is carried out. Call 813-867-2667 or contact us online or speak with a member of our staff to obtain more information.
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