A rental property’s exterior appearance is a large section of its overall appeal. As a consequence, creating exceptional arrangements around the outside of your rental property in Round Rock is just as essential as what goes inside it. With all the stuff in a rental home that demands to be refurbished and managed, there are three items where it’s easy to make big mistakes. Not advising tenants regarding 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
Apparently, the biggest blunder a property landlord can make is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can happen at any place in the country, even in dry climates. Storms, broken pipes, and other circumstances can give rise to severe home water damage. Assisting tenants by helping them know what to do in the event of a flood is an essential first move in averting such a catastrophic danger.
There are plenty of resources online and in your local community that should be shared with all of your tenants. Another crucial thing that property landlords can do to dodge extravagant repairs is to acquire flood insurance. Lots of landlord insurance policies do not include coverage for flood damage; flood insurance must typically be purchased separately.
2. Spending Too Much on Landscaping
An enticing landscape is one essential means to charm quality tenants to your rental home. But spending exorbitant amounts of money on elaborate landscaping can have a damaging effect on both a rental home’s value and its ability to draw in prospective tenants. There are property owners who incorrectly anticipate that as far as landscaping is a concern, more is always superior. But lots of tenants don’t want to exert too much effort in maintaining an elaborately landscaped yard. In the case for rental homes, simple and attractive is far better than a showcase garden.
3. Failure to Employ Erosion Prevention Tactics
Doing 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 destruction will be to repair it. With certain proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property landlord can better circumvent costly repairs and keep their Round Rock rental home in excellent condition year after year.
One of the best ways that property landlords have against expensive blunders is knowledge and prevention. When you appoint a professional property management company, you have a group of experts ensuring that proactive property maintenance and cost-effective exterior improvements are taking place on a regular basis. Real Property Management Advisors has the management plan you need to keep your property values high and your rental home lucrative. For more information, contact us online or call 512-777-2597 to speak with someone in the office.
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.
