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.
Owning rental property can be a lucrative investment, but brings with it a fair share of challenges and responsibilities. There comes a point for many property owners when the demands of property management become overwhelming or too time-consuming.
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.
