Parking is one of the most contentious potential issues between a landlord and a tenant. This is especially the case if the area around your Fountain Hills rental property is small or your tenants need parking for more than one or two vehicles. Make sure to clearly outline the rules about vehicles and parking in your lease documents to avoid tenant frustration and keep cars from piling up. Providing helpful parking solutions for your tenants is critical and a measure to enhance their rental experience.
Parking by the Rules
Every rental property is unique, which indicates that the availability of parking on or near your rental property will be different in your state. However, you should still incorporate parking clauses in your lease agreement with tenants regardless of what type of property you own or how much parking is available.
The number of vehicles a tenant can park in a driveway, or other locations is often restricted by lease terms. Some leases forbid tenants from parking oversized or recreational vehicles on the property, such as boats and RVs. However, that may not be sufficient for your lease, depending on your circumstances. Some neighborhoods allow residents to park on the street – some don’t.
Additionally, it is vital to clarify areas where tenants cannot park, such as in the yard, near dumpsters, or on other properties nearby. By clearly laying out the parking rules and expectations, you may avoid many tenant disagreements about parking down the road.
Parking Solutions
Having parking rules in place isn’t always sufficient to attract and retain tenants. If your rental property is in an urban area, you might not have much parking space. Even if your rental isn’t located in a city, circumstances may result in limited space for your tenants to park their vehicles. In such a situation, it is vital to consider creative ways to expand or upgrade your tenants’ parking options.
Many relatively inexpensive options are available if your rental property is a single-family house with some land around it. If your property doesn’t already have covered parking or a garage, look into installing a carport near the house. Numerous carports are affordable but could make your rental home much more attractive to tenants. It may even add to your resale value. In most cases, renters prefer covered parking and are more likely to apply for a rental that includes it. Just check your area’s zoning laws before beginning any construction project.
Another inexpensive option to add more parking is to make an area designated for parking vehicles if a carport won’t fit your rental property or if it doesn’t have a generously sized driveway. This space could be adjacent to the property and doesn’t need to be expensive. However, it is also critical to keep curb appeal in mind. Some tenants may be pleased if you convert the front yard into a parking lot. If you have a backyard or side area, you might want to use that instead.
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 nearby property has space but isn’t using it, they might be willing 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 Copper State is here to help you discover creative and professional solutions for your parking issues. We have the knowledge and resources to make your Fountain Hills rental property more appealing to renters while also accommodating their parking requirements. Contact us online or call 480-681-7709 today.
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