A rental property’s exterior appearance is a significant key to boost its total appeal. That’s why making good choices about the outside of your rental property in Keller is just as notable as what goes inside it. With all the things in a rental home that need to be repaired and maintained, there are three items that possibly will result in making 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 pressing blunder a property owner can do is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can occur anywhere in the country, even in dry climates. Storms, broken pipes, and other events can end in severe home water damage. Making sure your tenants know what to do in the event of a flood is an essential headstart towards preventing such a costly hazard.
There are wonderful resources online and in your local community that should be distributed with all tenants. Another vital thing that property owners can do to avoid costly mistakes is to acquire 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
An appealing landscape is a compelling way to attract quality tenants to a rental home. But spending too much on elaborate landscaping can have a negative impact on both a rental home’s value and ability to draw in prospective tenants. Some property owners mistakenly assume that when it comes to landscaping, more is always better. But then again, most tenants don’t want to assume responsibility for the work that is needed in maintaining an elaborately landscaped yard. With regards to rental homes, simple and attractive is far better than a showcase garden.
3. Failure to Employ Erosion Prevention Tactics
Conducting routine checks for signs of erosion throughout 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 prolonged the erosion goes unchecked, the more costly the damage will be to correct. With some proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property owner can better avoid pricey renovations and keep their Keller rental home in good shape year after year.
One of the most reliable precautions that property owners possess toward costly mistakes is knowledge and prevention. When you choose 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 Meridian 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 817-678-8787 to speak with someone in the office.
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