A big part of boosting the overall appeal is a rental property’s exterior appearance. This fact is another factor to remember when making decisions about the outside of your rental property. Keep in mind that your rental property in Sunrise’s exterior is just as important as its interior. With all the things in a rental home that need to be repaired and maintained, three items could end up creating costly mistakes. Not informing tenants about flood resources and purchasing flood insurance, spending too much on landscaping, and failing to perform erosion prevention tasks are all costly mistakes that property owners can easily avoid with the right property management plan.
1. Lack of Communication Regarding Flooding
Possibly the most damaging blunder a property owner can do is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can occur wherever in the country, even in dry climates. Storms, broken pipes, and other incidents can result in severe home water damage. Keeping tabs on whether or not your tenants know what to do in the event of a flood is a crucial beginning in stopping such a costly hazard.
There are practical resources online and in your local community that must be issued with all tenants. Another essential detail that property owners can prepare to avoid costly mistakes is to secure flood insurance. Many landlord insurance policies do not include coverage for flood damage; flood insurance must typically be purchased separately.
2. Spending Too Much on Landscaping
Having an attractive landscape is a significant means to draw quality tenants to a rental home. But spending too much on elaborate landscaping can harm both a rental home’s value and ability to draw in prospective tenants. Some property owners wrongly presume that when it comes to landscaping, more is always better. However, many tenants don’t want to deal with the amount of work associated with maintaining an elaborately landscaped yard. In the case of rental homes, simple and attractive is far better than a showcase garden.
3. Failure to Employ Erosion Prevention Tactics
Carrying out routine checks for signs of erosion around a rental property’s exterior for large cracks and gullies in the soil, wet spots that never seem to dry, and dying plants or brown spots can all be signs that erosion is causing damage to a rental property’s yard. The longer the erosion goes unchecked, the more expensive the damage will be to repair. By applying a bit of proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property owner can better avoid expensive repairs and retain their Sunrise rental home’s good state year after year.
One of the best defenses that property owners have against costly mistakes is knowledge and prevention. When you decide to engage the services of a professional property management company, you have a team of industry professionals on your side, making sure that proactive property maintenance and cost-effective exterior improvements are taking place on a regular basis. Real Property Management Premier has the management plan you need to keep your property values high and your rental home profitable. For more information, contact us online or call 954-362-5235 to speak with someone in the office.
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