With regard to renting out a property, considering the outside just as much as the inside is extremely important. Three things to look out for are neglecting to tell tenants about flood resources, spending a lot on landscaping, and not dealing with erosion prevention. A good property management plan can assist you in avoiding these blunders.
Lack of Communication Regarding Flooding
It’s not just an issue of liability 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 regions that appear to be dry, and can bring about significant water damage. Property owners can save thousands in repair costs by warranting that tenants are well-informed about flood preparedness, making it a mutually beneficial arrangement.
Property owners should share useful online and community resources with all tenants and consider purchasing flood insurance. Most landlord insurance policies do not cover flood damage and should be acquired separately.
Spending Too Much on Landscaping
When it comes to attracting high-quality tenants to a rental property, making a visually appealing and practical outdoor environment is significant. While investing in landscaping can enhance the general appearance of the property, finding a balance is essential. Overspending on intricate and high-maintenance landscaping might possibly lower the value of the property and deter potential tenants who want low-maintenance outdoor spaces.
A simple yet well-maintained landscape design draws more interest than an elaborate and demanding garden. Many tenants are searching for outdoor spaces that are easy to upkeep and require minimal effort to maintain, making a simple and well-maintained landscape an appealing element for potential renters.
Failure to Employ Erosion Prevention Tactics
Regularly checking for signs of erosion around a rental property’s exterior, like big cracks and gullies in the soil, persistent wet spots, and dead plants, is an excellent approach that can save property owners from expensive repairs.
The longer the time erosion is left unchecked, the pricier the harm becomes. Property owners can effectively prevent erosion by executing proactive landscaping measures like gravel, landscape timbers, and well-installed gutters and downspouts, thereby retaining the condition of their rental home and staying away from pointless expenditures.
One of the best ways for property owners to prevent costly mistakes is to have a team of industry professionals on their side. When you employ a professional property management company like Real Property Management Pacific in Oakland and the neighboring areas, you can have confidence that proactive property support and cost-effective exterior improvements are routinely performed. For more data, contact us online or call 510-900-4544 to talk with our team.
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