There are many problems or topics that could come between a landlord and tenant, but the issue of parking is most controversial. This applies especially when your Springfield rental property has a restricted land area and your tenants need a parking space for one or two vehicles. You do not want your tenants to get frustrated if cars are sprawled around everywhere so outline the rules about vehicles and parking in your lease document and provide parking solutions for your tenant.
Parking by the Rules
Each rental property is unique so the availability of parking or lack thereof is different from rental property to rental property. Just to be on the safe side, always include parking clauses in your lease agreement with tenants even if you think your property won’t have parking issues. The vast majority of leases impose a maximum number of vehicles a tenant can park around the property. Some leases deny a tenant from parking oversized or recreational vehicles on the property, such as boats and RVs. But since every scenario presents a different set of circumstances, your lease can cover a lot more than what’s normal. For some neighborhoods, cars are allowed to park in the streets. Right from the start, tenants should be aware of the places that they cannot park such as in the yard, near dumpsters, or on an adjacent property. You are more likely to avoid disagreements if you have a sit-down with your tenants regarding parking rules and expectations.
Occasionally, just offering parking rules to the tenants is not enough. Especially when your rental property is in the heart of the city, where parking could be very restricted. Your tenants can still have trouble finding a place to park their vehicles even if your rental is not in the city. Such conditions may require you to come up with unconventional solutions in order to upgrade your tenants’ parking options.
If your Springfield rental property is a house and ample land around it, then you have several options to consider. If there is no covered parking or no garage on your property, now may be the best time to install a carport near your house. Carports are a great investment. They are quite cheap to build and make your rental home more appealing to tenants. It may make your resale value really look good as well. For renters, covered parking is sometimes the missing piece of the puzzle to make that rental happen. To avoid any hassle, check the zoning laws first before starting the construction project.
If a carport is too big for your rental property or you have a small driveway, a cheaper way to add parking space is to make an adjacent paved or gravel area that will be used for parking vehicles. This area could be anywhere near the property and you don’t need to go all out on this. But do not neglect your valuable curb appeal. If you turn your front yard into a parking lot, some tenants may get turned off by this. Consider the back or side of the property instead.
For rental properties with small yards, small driveways, and narrow streets, you need to be more original to come up with good parking solutions. One course of action might be to rent parking from a neighbor or a nearby parking garage. Ask around for a property nearby that is not being used. The owner might allow you to lease it for your tenant’s use. Another way to decrease the number of cars on the property is to ask tenants to leave their cars elsewhere, and as an incentive, give them public transit passes.
Some property owners find attending to their tenant’s needs to be too much. Real Property Management Momentum are professionals whom you can trust to help you with your parking issues. Contact us for more ideas about how you can make your Springfield rental property more appealing to renters while still offering what they need to live in comfort.
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