A rental property’s exterior appearance is a large piece of its general appeal. Because of that, building excellent choices for the exterior of your rental property in Queens is just as crucial as what is contained within. With everything in a rental home that requires to be repaired and maintained, there are three things that could create expensive building blunders. Not informing 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
Probably the most abominable error a landholder can create is not informing tenants about flood resources and purchasing flood insurance for their rental property. Floods can occur everywhere in the country, even in dry climates. Storms, broken pipes, and other occurrences can lead to severe home water damage. Aiding tenants to know what to do in the event of a flood is a crucial initiative in stopping such a costly disaster.
There are many resources online and in your local community that should be disseminated to all of your tenants. One more important thing that property holders can have so they can evade expensive mistakes is to get flood insurance. A lot 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 attractive landscape is one way to allure quality tenants to a rental home. But squandering money on elaborate landscaping can have a bad result on both a rental home’s value and ability to draw in prospective tenants. Some property owners believe that with landscaping, more is better. But a lot of tenants refuse to assume the responsibility of 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
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 lengthier the erosion goes unchecked, the extra costly the damage will be to fix. With some proactive landscaping, such as gravel, landscape timbers, and properly installed gutters and downspouts, a rental property holder can appropriately evade costly restorations and retain their Queens rental home in an excellent state year after year.
One fine protection that property holders have that can be used to fight expensive mistakes is knowledge and prevention. When you employ a professional property management company, you have a company of business experts on your side guaranteeing that proactive property maintenance and cost-effective exterior improvements are taking place on a regular basis. Real Property Management New York Gold 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 347-905-5770 to speak with someone in the office.
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