Parking is one of the most controversial potential issues between a landlord and a tenant. This applies, in particular, if space down your Everett rental property is narrow or your tenants need parking for more than one or two vehicles. To avoid tenant frustration and guarantee that you don’t end up with cars everywhere, it’s vital to clearly outline the rules about vehicles and parking in your lease documents. Offering helpful parking solutions for your tenant is essential and a method to enhance their rental experience.
Parking by the Rules
Each rental property is different, which points out that the availability of parking on or near your rental property will be rare in your situation. Hence, irrespective of what type of property you own or how much parking is available, you should still take into account parking clauses in your lease agreement with tenants.
Some leases will restrain the number of vehicles a tenant can park in a driveway or surrounding areas. Several leases forbid tenants from parking oversized or recreational vehicles on the property, for instance, boats and RVs. Although, dependent on your situation, your lease may need to go further than that. Certain neighborhoods allow residents to park on the street – some don’t.
It’s additionally significant to clarify areas where tenants cannot park, particularly in the yard, near dumpsters, or on an adjacent property. By exactly laying out the parking rules and expectations, you may avoid many tenant disagreements as regards parking down the road.
Parking Solutions
At times, merely having parking rules isn’t quite sufficient to endow tenants. Parking may be minimal if your rental property is in an urban area. Although your rental isn’t found in a city, circumstances may result in limited space for your tenants to park their vehicles. In cases like this, looking into creative ways to expand or upgrade your tenants’ parking options is essential.
If your rental property comprises a single-family house with some land around it, you have numerous relatively inexpensive options to look into. If your property doesn’t already have covered parking or a garage, take into consideration installing a carport near the house. Various carports are less costly, but really could make your rental home much more attractive to tenants. It may even add to your resale value. As a whole, renters prefer covered parking and are quite likely to apply for a rental that offers it. Just check your area’s zoning laws prior to advancing with any construction project.
If a carport won’t work for your rental property or if it needs a generously sized driveway, another fairly inexpensive option to add more parking would be to set off an area designated for parking vehicles. This area could be adjacent to the property and doesn’t need to be pricey. But on the other hand, it is furthermore necessary to keep curb appeal in mind. Many tenants may be more delighted if you convert the front yard into a parking lot. Think about utilizing a side or backyard area instead, if there is one.
Property owners need to get even more creative in developing reasonable parking solutions for rental properties with small yards, driveways, and narrow streets. One option is to rent parking from a neighbor or a nearby parking garage. If a close-by property has space and isn’t using it, they might be prepared to let you lease it for your tenant’s use.
Meeting all your tenants’ needs can be tough, but you’re not alone. Real Property Management North Puget Sound is here to provide you with assistance to discover innovative and professional solutions for your parking issues. We can give the skill and support you wish to get your Everett rental property more appealing to renters while still fulfilling their parking needs. Contact us online or call 425-527-6562 today.
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