Property Management Blog

Property Management Companies Clearwater and parking considerations

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Property Management Blog

Depending on where the property is located, parking can be quite an issue for residents and property owners. Often owners approach their property management companies Clearwater looking for advice especially since they want to do things legally regarding parking spaces.

Here are a few tips from the experts:

  1. There should be a clear policy on the matters of parking. These must be spelled out clearly in the lease agreement. Parking spaces are an extension of rented units and naturally owners must clearly outline the rules, regulations and expectations regarding these areas. In fact: there also should be a clause on guest parking lots if owners have these on their premises.
  2. Owners must also find out what they can and cannot charge for the parking areas. These values are based on the local rates and other factors like how safe/unsafe the neighborhood is.
  3. Owners who offer parking lots to tenants at no extra cost should leverage upon this point and advertise it in their listings of rentals. This can be one's USP when renting in a neighborhood where safer parking lots are necessary.
  4. If a property is located in a city where parking lots are a valuable commodity, owners should try and consider renting out their unused parking lots.

Using these tips, one can ensure proper distribution of parking lots to tenants and maybe even make some money in the process.