Exterior features must be given equal weight to interior features when renting out a property. Neglecting erosion prevention measures, spending too much on landscaping, and forgetting to tell tenants about flood resources are three issues that should be circumvented. The right property management plan can assist in circumventing these errors.
Lack of Communication Regarding Flooding
This is not only to fulfill the legal 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. Significant water damage may be inflicted when flooding, which can happen in seemingly dry regions. Property owners can save thousands in repair costs by ensuring tenants are well-informed about flood preparedness, making it a beneficial situation for both parties.
Property owners should provide valuable online and community resources to all tenants and consider purchasing flood insurance. Obtaining separate flood damage coverage is important, as many landlord insurance policies do not include it.
Spending Too Much on Landscaping
It is critical to build an aesthetically appealing and practical outdoor environment when it comes to attracting high-quality tenants to a rental property. While investing in landscaping can improve the overall beauty of the property, it’s crucial to maintain a balance. Otherwise, the property’s worth could be negatively impacted, and potential tenants who prefer low-maintenance outdoor spaces could be discouraged by investing heavily in intricate and high-maintenance landscaping.
A garden that requires excessive maintenance and complexity fails to captivate the eye of some people than to a simple and well-maintained landscape design. An appealing trait for potential renters is a simple and well-maintained landscape, as numerous tenants look for 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, persistent moist areas, and dying plants, is an early detection strategy that can save property owners from expensive repairs.
The cost of damage escalates when erosion is left unchecked for a long period. By using proactive landscaping measures such as gravel, landscape timbers, and well-installed gutters and downspouts, property owners can effectively prevent erosion. This will allow them to maintain the condition of their rental home and avert unwarranted costs.
Having a group of industry professionals on your side is one of the most effective strategies for property owners to prevent costly mistakes. Hiring a professional property management company such as Real Property Management Greenway in Dunwoody and the surrounding area instills assurance regarding the consistent implementation of cost-effective exterior improvements and proactive property maintenance. For additional inquiries, contact us online or call 770-771-6102 to speak with our team.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
