As Earth Day approaches, it's the perfect time to consider making eco-friendly updates to your rental property. Not only do these updates contribute to a healthier planet, but they can also save you some money in the long run! Energy-Efficient Lighting One of the simplest yet most impactful eco-friendly updates you can make is replacing traditional incandescent light bulbs with energy-efficient LED bulbs. LED bulbs consume significantly less energy and last longer than incandescent bulbs, resulting in lower electricity bills and reduced environmental impact. Additionally, consider installing motion sensors or timers to automatically turn off lights when not in use, further conserving energy.
In the competitive rental market, tenants often come across listings advertised as "For Rent by Owner." While these listings may seem appealing, renting directly from an individual landlord rather than through a professional property management company can pose some risks.
When it comes to managing investment properties, landlords often face the decision of whether to cover utilities for tenants or pass the responsibility onto renters. Like any property management consideration, there are both advantages and drawbacks to this approach.
