There are plenty of problems that could arise between landlord and tenant but parking is at the top of the list. This is more relevant if your Orland Park rental property has limited space and your tenants need parking for more than 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
No rental property is created equal. The availability of parking near or around your rental property is a different scenario. Always err on the side of caution and include parking clauses in your lease agreement with tenants even if your property is large enough to not have parking issues. The majority of leases specify the number of vehicles a tenant is allowed to park in particular areas of the property. Some leases refuse to allow a tenant from parking oversized or recreational vehicles on the property, such as boats and RVs. Depending on your situation, your lease can encompass more than that. Not all neighborhoods allow cars to park in their streets. It is beneficial for the tenants to know the areas where they cannot park such as in the yard, near dumpsters, or on an adjacent property. Review the parking rules and expectations with your tenants from the get-go so you can avoid parking issues in the future.
Sometimes, just giving parking rules to tenants seems to be inadequate. This is especially true if your rental property is located in the inner city where parking seems non-existent. Your tenants can still have trouble finding a place to park their vehicles even if your rental is not in the city. In such cases, you have to depend on your creative faculties and find a way to enhance your tenants’ parking options.
If your Orland Park rental property is a house and there is land around it, then you have several original 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 low-cost undertakings yet they attract tenants like crazy to your rental home. What’s more, it could drive up your resale value. Covered parking is the stuff that makes a rental happen as renters are really drawn to it. But check the zoning laws in your vicinity before you start 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 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. Turning a front yard into a parking lot is a turn-off to some tenants. Look for other areas on your property instead.
For rental properties with small yards, small driveways, and narrow streets, you have to get your thinking caps on to get good parking solutions. One alternative would be to rent parking from a neighbor or a nearby parking garage. If there is a property nearby that’s not being used, you can have it leased for your tenant’s use. Also, you could ask your tenants to store their extra cars somewhere and then offer them public transit passes thereby reducing the cars on the property.
Making sure that your tenant’s needs are met may sometimes be taxing to property owners. Real Property Management Chicago Group is a skilled and experienced professional who can offer solutions to your parking issues. Contact us for more ideas about how you can make your Orland Park rental property more appealing to renters while still offering what they need to live in comfort.
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