Should I Consider Solar at My Rental Property?
Ascent Property Management • August 29, 2023
In a world increasingly focused on sustainable living, solar energy for rental properties has become a topic of interest. As you weigh the decision, it's essential to understand the benefits and implications of installing solar panels on your rental property.
Cost Savings
One of the most attractive aspects of solar energy is its potential to reduce utility costs. Solar panels generate electricity from the sun, which can lead to substantial savings on energy bills for landlords and tenants.
Depending on your location, federal or local tax incentives may be available for solar installations. These incentives can offset a significant portion of the upfront costs, making the investment more financially feasible.
While the initial installation cost of solar panels can be substantial, it's important to view it as a long-term investment. Solar panels typically have a lifespan of 25-30 years or more, providing consistent energy savings over time.
Sustainability
Incorporating solar energy into your rental property showcases your commitment to sustainable living and environmental responsibility. This can positively influence your property's reputation and tenant relationships.
Lease Agreement Adjustments
If you decide to install solar panels, consider how this change will impact your lease agreements. Will tenants benefit from reduced utility costs, or will the rental rates be adjusted accordingly?
While solar panels generally require minimal maintenance, occasional cleaning, and potential repairs might be necessary. Ensure that you have a plan in place for addressing maintenance needs.
Consultation with Professionals
Consult with solar energy professionals who can assess your property's suitability for solar installation and provide accurate cost projections.
Ascent Property Management
At Ascent Property Management, we're dedicated to optimizing your property's potential. Let us be your partner in making informed decisions that enhance your property's value, sustainability, and tenant satisfaction.
As temperatures rise, keeping rental units cool isn’t just a comfort issue, it’s a tenant satisfaction and property care priority. At Ascent Property Management, we understand how crucial it is to stay ahead of seasonal challenges, especially during warm summer months. Helping your tenants beat the heat can protect your investment, reduce strain on cooling systems, and contribute to long-term tenant retention. Here are a few smart, landlord-approved ways to keep your rental unit cool: Service the HVAC System Regularly Before the peak of summer hits, ensure that the air conditioning system is inspected and maintained. Dirty filters and clogged ducts make the system work harder, driving up energy costs and reducing efficiency. Routine maintenance not only extends the life of the unit but also helps avoid emergency repair calls in the middle of a heatwave. Install Ceiling Fans or Portable AC Units Ceiling fans are a low-cost upgrade that help circulate air and can make a room feel significantly cooler. In properties without central air, offering tenants the option of a portable AC unit (or installing one in key areas) can make a big difference. Block Out the Heat Window treatments like blackout curtains or solar shades are easy upgrades that can reduce heat gain and protect furniture and flooring from sun damage. Consider adding or upgrading blinds and encouraging tenants to keep them closed during peak sun hours. Insulate and Seal Properly Make sure your unit is properly insulated and that doors and windows are sealed. Heat can easily sneak in through small gaps, especially in older buildings. Weather stripping and door sweeps are inexpensive fixes that help maintain indoor temperatures year-round. Ascent Pro perty Management At Ascent Property Management, we stay proactive in keeping our properties in top shape through every season. Whether it’s scheduling seasonal maintenance, making cost-effective upgrades, or addressing tenant concerns quickly, we make property ownership easier. Want help managing your rental? We’re here to ensure your investment stays comfortable, efficient, and profitable...all year long.
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As spring arrives in San Diego, so does one of the biggest threats to rental properties—termites. While termites are a year-round concern, spring is when they become most active, swarming in search of new places to establish colonies. For landlords, early detection and prevention are crucial to avoiding costly damage. Here’s what you need to know about termite season and how to protect your rental property. Why Spring Is Peak Termite Season Termites, particularly dry wood and subterranean species become more visible in the spring because of increased warmth and humidity. Swarmers—winged termites looking for new homes—emerge in large numbers, often resembling flying ants. If you or your tenants notice them inside or around the property, it’s a sign that termites may already exist. Signs of a Termite Infestation Landlords should stay vigilant for these common signs of termite activity: Mud Tubes: Subterranean termites build small, pencil-thin tunnels along walls and foundations to retain moisture as they travel. Hollow-Sounding Wood: If tapping on wood surfaces produces a hollow sound, termites may have eaten away the interior. Frass (Termite Droppings): Drywood termites leave behind tiny, wood-colored droppings near infested areas. Warped Doors and Windows: As termites tunnel through wood, they can cause structures to shift, making doors and windows harder to open or close. Visible Swarmers or Discarded Wings: Seeing swarmers inside a rental property or piles of shed wings is a major red flag. Prevention Tips for Landlords To keep termites at bay, landlords should take proactive measures, such as: Scheduling Regular Inspections: Annual termite inspections can catch infestations before they become severe. Keeping the Property Dry: Fixing leaks, maintaining gutters, and ensuring proper drainage reduces the moisture termites need to survive. Using Treated Wood: If making repairs, opt for termite-resistant materials. Removing Wood-to-Soil Contact: Avoid storing firewood near the foundation and ensure wooden structures don’t directly touch the soil. Protecting Your Investment with Professional Help At Ascent Property Management, we understand how crucial it is to avoid issues with your investment property. Our team is here to help you manage your property with proactive maintenance and expert guidance, ensuring your rental stays in great shape. Reach out today to learn how we can support you in protecting your investment.
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As temperatures rise, keeping rental units cool isn’t just a comfort issue, it’s a tenant satisfaction and property care priority. At Ascent Property Management, we understand how crucial it is to stay ahead of seasonal challenges, especially during warm summer months. Helping your tenants beat the heat can protect your investment, reduce strain on cooling systems, and contribute to long-term tenant retention. Here are a few smart, landlord-approved ways to keep your rental unit cool: Service the HVAC System Regularly Before the peak of summer hits, ensure that the air conditioning system is inspected and maintained. Dirty filters and clogged ducts make the system work harder, driving up energy costs and reducing efficiency. Routine maintenance not only extends the life of the unit but also helps avoid emergency repair calls in the middle of a heatwave. Install Ceiling Fans or Portable AC Units Ceiling fans are a low-cost upgrade that help circulate air and can make a room feel significantly cooler. In properties without central air, offering tenants the option of a portable AC unit (or installing one in key areas) can make a big difference. Block Out the Heat Window treatments like blackout curtains or solar shades are easy upgrades that can reduce heat gain and protect furniture and flooring from sun damage. Consider adding or upgrading blinds and encouraging tenants to keep them closed during peak sun hours. Insulate and Seal Properly Make sure your unit is properly insulated and that doors and windows are sealed. Heat can easily sneak in through small gaps, especially in older buildings. Weather stripping and door sweeps are inexpensive fixes that help maintain indoor temperatures year-round. Ascent Pro perty Management At Ascent Property Management, we stay proactive in keeping our properties in top shape through every season. Whether it’s scheduling seasonal maintenance, making cost-effective upgrades, or addressing tenant concerns quickly, we make property ownership easier. Want help managing your rental? We’re here to ensure your investment stays comfortable, efficient, and profitable...all year long.
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