The exterior is just as essential as the interior when considering renting out a property. Be wary of three things: overspending on landscaping, neglecting erosion prevention, and failing to tell tenants about flood resources. You may avoid these pitfalls with an effective property management plan.
Lack of Communication Regarding Flooding
It’s not just a matter 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. Even in seemingly dry regions, floods can occur and cause significant water damage. This is a win-win situation for everyone involved: property owners can save thousands in repair costs by making sure tenants are well-informed about flood preparedness.
All tenants should be made aware of helpful online and community resources by property owners, and consider purchasing flood insurance. It is essential to get separate flood insurance since many landlord insurance policies do not cover flood damage.
Spending Too Much on Landscaping
When it comes to attracting high-quality tenants to a rental property, it’s crucial to generate a visually appealing and practical outdoor environment. Investing in landscaping can improve the property’s curb appeal, but moderation is key. Spending too much on intricate and high-maintenance landscaping could lower the worth of the house and turn off potential tenants who prefer low-maintenance outdoor spaces.
A simple yet well-maintained landscape design captures more attention than a complex and high-maintenance garden. An enticing element for potential renters is a simple and well-maintained landscape because many people are seeking outdoor spaces that are easy to upkeep and require minimal effort to maintain.
Failure to Employ Erosion Prevention Tactics
Regularly checking for signs of erosion around a rental property’s exterior, such as large cracks and gullies in the soil, frequent wet areas, and dead plants, is a proactive action that can save property owners from expensive repairs.
The longer the time erosion is left unchecked, the pricier the damage becomes. Property owners can effectively prevent erosion by using proactive landscaping measures like gravel, landscape timbers, and well-installed gutters and downspouts, thereby preserving the condition of their rental home and eliminating unwanted expenses.
One of the great approaches for property owners to prevent costly mistakes is to have a team of industry professionals on their side. Hiring a professional property management company like Real Property Management Southern Utah in Washingtonand nearby can give you peace of mind that proactive property maintenance and cost-effective exterior improvements are achieved on a regular basis. If you have any questions, contact us online or call 435-673-4242 to speak with our team.
Originally Published on June 28, 2019
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