A rental property’s exterior appearance is an enormous portion of its complete appeal. As a result, creating excellent arrangements around the exterior of your rental property in Ft Myers is just as critical as what is going on internally. With all the things in a rental home that need to be renovated and preserved, there are three things that could end up making exorbitant mistakes. Not briefing 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
This is why the worst error a property owner can cause is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can arise anywhere in the country, even in dry climates. Storms, broken pipes, and other events can give rise to severe home water damage. Advising tenants to know what to do in the event of a flood is a critical step in halting such an expensive problem.
There are plenty of resources online and in your local community that should be shared with all tenants. Another big thing that property owners can undertake to bypass disastrous mistakes is to acquire 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
An inviting landscape is a critical way to draw quality tenants to a rental home. But wasting too much money on elaborate landscaping can have an unfortunate consequence on both a rental home’s value and ability to draw in prospective tenants. Some property owners wrongly suspect that in regard to landscaping, more will always be better. But countless tenants don’t want to take on the amount of labor required in 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
Executing routine checks for signs of erosion within 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 farther the erosion goes unchecked, the greater the devastation and the cost needed to restore it. With various proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property owner can better avoid exorbitant repairs and keep their Fort Myers rental home in exceptional quality time after time.
One of the leading protections that property owners possess against exorbitant mistakes is knowledge and prevention. When you commission a professional property management company, you have a crew of field professionals supporting and assuring you that proactive property maintenance and cost-effective exterior improvements are taking place on a regular basis. Real Property Management Rental Direction 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 239-240-8111 to speak with someone in the office.
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