1. Lack of Communication Regarding Flooding
Reasonably, the worst thing a property landlord can do is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can occur anywhere in the nation, even in dry climates. Storms, broken pipes, and other settings can appear in severe home water damage. Helping tenants know what to do in the event of a flood is a serious first step in preventing a cataclysmic event.
There are numerous resources online and in your local community that should be provided to all tenants. Another necessary thing that property landlords can do to prevent mistakes is to purchase flood insurance. Several landlord insurance policies do not include coverage for flood damage; flood insurance must typically be purchased separately.
2. Spending Too Much on Landscaping
A pleasing landscape is a fundamental way to draw quality tenants to a rental home. But spending too much on elaborate landscaping can have a negative effect on both a rental home’s value and ability to draw in prospective tenants. Some property owners inadvertently believe that when it comes to landscaping, more is always better. But lots of tenants don’t want to take on the level of effort demanded when maintaining an elaborately landscaped yard. In the issue of rental homes, simple and attractive is far better than a showcase garden.
3. Failure to Employ Erosion Prevention Tactics
Completing 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 more extended the erosion goes unchecked, the larger the damage will be to repair. With some proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property owner can more effectively bypass steep renovations and keep their Deltona rental home in an immaculate condition year after year.
One of the prime defenses that property owners have against mistakes is knowledge and prevention. When you authorize a professional property management company, you have a squad of industry experts effectively making sure that proactive property maintenance and cost-effective exterior improvements are taking place on a regular basis. Real Property Management Sunstate has the management plan you need to keep your property values high and your rental home profitable. For more info, contact us online or call 877-373-8404 to speak with someone in the office.