Of the many problems that could arise between a landlord and tenant, parking is one you want to keep away from. This is especially the case if your Saint Peters rental property has limited space and your tenants need a parking space for one or two vehicles. So, to avoid frustrating your tenants, it is important to include the rules regarding vehicles and parking in your lease documents and offer solutions to the tenants as well.
Parking by the Rules
Every rental property offers a different issue with regards to parking since the availability of a parking space is unique to every rental property. But regardless of the size of property you own and the availability of parking space, you should include parking clauses in your lease agreement with tenants. It is commonly stated in leases the number of vehicles a tenant should not exceed when it comes to parking around your property. Some leases specifically prohibit a tenant from parking oversized or recreational vehicles on the property, such as boats and RVs. As the situation might dictate, your lease can be different. For some neighborhoods, cars are allowed to park in the streets. It is important that tenants should be aware of the places that they cannot park such as in the yard, near dumpsters, or on an adjacent property. By discussing parking rules and expectations with your tenants, you are most likely to avoid future conflicts.
Parking Solutions
Occasionally, just offering parking rules to the tenants is not enough. Parking space can be challenging to find especially when your rental property is in an urban area. There are many factors that can give your tenants difficulty in finding a parking space for their vehicles even when your rental is not in the city. When such things occur, you go to think outside the box to improve your tenants’ parking options.
If your Saint Peters rental property is a house and there is land around it, there are a few cheap options that you can consider. Adding a carport to your property may be a good idea if it doesn’t have covered parking or a garage yet. Carports are affordable to build yet it makes your rental home irresistible to tenants. What’s more, it could drive up your resale value. Renters love covered parking and that sometimes seals the deal of the rental. To avoid any hassle, check the zoning laws first before starting the construction project.
Now if your carport is just not a good fit for your rental property or a big driveway is not present, a cheap and creative way to add more parking is to create an adjacent paved or gravel area that will be exclusive for parking vehicles. This should be located adjacent to the property. But you have to protect the curb appeal. When you use your front yard as a parking lot, tenants might walk away from your property. Consider the back or side of the property instead.
For rental properties with small yards, small driveways, and narrow streets, creative thinking should get you some good parking solutions. Another possibility might be to rent parking from a neighbor or a nearby parking garage. Look for a nearby property that is vacant and lease it for your tenant’s use. You could also ask your tenants if they are willing to store their cars outside the property and then give them free public transit passes if they are agreeable to your proposal.
Making sure that your tenant’s needs are met may sometimes be taxing to property owners. Real Property Management Endeavor is a dedicated team of professionals who can provide you with solutions for your parking issues. Contact us for more ideas about how you can make your Saint Peters rental property more appealing to renters while still offering what they need to live in comfort.
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