Managing a rental property is not easy to do. It comes with a hefty price tag and several responsibilities. However, for large property or plot of land, there are additional responsibilities you need to consider. In addition to preparing the property for the tenants, you also have to take care of landscaping, developing the land, and maintaining the property.
While managing a large property may seem overwhelming, you can easily handle them all if you know what to plan for and when to ask for help. Below are some tips to help you manage your large property.
- Make a plan for your landscape.
Your goal when developing your landscape is to create an appealing property to attract prospective tenants. However, when you have massive acres of land, the goal changes to making the most of your space and making it easier to maintain.
You can effectively manage your landscape by creating a blueprint that divides your lawn into sections. Create different, segmented areas by creating borders with trees, flowers, or shrubs. You can opt to leave the space open, designating each area for something unique like a shed, a playset, a garden, and many more. You can also add trendy decoration like a patio section, so your tenants can cook and eat outside. The best part about it is that these features will benefit both tenants and you.
- Get the right equipment for your property.
Managing a large rental property also needs the right set of tools. Instead of wasting your time, energy, and money by using a traditional lawnmower, you can buy a tractor instead. Despite being an expensive equipment upfront, you’ll be happy when you realize your tractor’s versatility. In addition to general mowing, a tractor can be used to spread fertilizer, bright bushes, plow, till, and maintain your landscape.
- Hire contractors.
Part of being a responsible property manager is delegation. By doing this step, you know when a project exceeds your expertise. While you may know how to take care of most of the landscaping needs, hiring a contractor for other areas such as electrical work, plumbing and renovation can be the best option.
- Installing a home security system.
Your rental property is considered an investment, so you should do what you can to protect it. A wireless home security system is the best way to protect a large property that’s otherwise challenging to keep safe.
The best option would be a wireless security system, which is less expensive and can be installed even without the help of a professional.
- Create a regular maintenance schedule.
With so many things to handle, inside and outside of your rental property, you can reduce stress by creating and sticking to a consistent maintenance schedule. You can create a regular plan for plumbing, electricity, heating, and air, landscape, and lawn care, and many more. Schedule these activities ahead of time, even if you’re the one doing some of these tasks yourself.
A proactive approach to your rental property can help you save money on costly repairs because you will be able to solve problems before they escalate. If you need a professional to take care of your large property, you may call Celebration Property Management to provide you with an expert opinion about all your property’s needs.