{"id":868,"date":"2020-07-14T19:33:53","date_gmt":"2020-07-15T00:33:53","guid":{"rendered":"https:\/\/www.padleads.com\/blog\/?p=868"},"modified":"2020-11-22T13:40:04","modified_gmt":"2020-11-22T18:40:04","slug":"make-parking-available-for-your-tenants","status":"publish","type":"post","link":"https:\/\/www.padleads.com\/blog\/make-parking-available-for-your-tenants\/","title":{"rendered":"Make Parking Available for your Tenants"},"content":{"rendered":"\n

One of the perks that a property might offer is the advantage of having parking spots for the tenants. A car, particularly if your renter is a family, is an essential part of their daily lives. They would need it to take kids to school, get to their jobs, and use it for errands.<\/p>\n\n\n\n

If a house hunter owns a car, one of the things they might require in a property is a designated parking space for them. Imagine not having to worry about where to park your car after a long day at work. People are more than willing to pay the extra fee for this perk.<\/p>\n\n\n\n

Are parking spaces a must-have?<\/p>\n\n\n\n

The downside of no car spaces:<\/h2>\n\n\n\n

It might be a problem if you have a multi-unit building with several tenants because it would also mean several cars. Not enough parking space can cause conflicts among your tenants if you do not designate parking spaces.<\/p>\n\n\n\n

If your property is located within a bustling city, parking your car may be more difficult compared to when your property is in a suburban area. The city will not have a lot of areas for parking so there will be a scuffle for it. Whereas, a suburban area will have more space for everyone to share.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

These are examples of complaints that may arise concerning tenants with cars and parking:<\/h2>\n\n\n\n

\u2022 The area of their parking spot is too far away from the property. They might find it exhausting having to walk a distance to get to their car.<\/p>\n\n\n\n

\u2022 Someone else is parking on their designated area which would result in them having to use someone else’s spot and will then result in a domino effect of not using the assigned parking spaces. This could lead to conflicts between tenants.<\/a><\/p>\n\n\n\n

\u2022 There are no parking spaces for guests so that they will end up using a spot assigned for someone else.<\/p>\n\n\n\n

\u2022 The parking spots may not be enough if they own more than one car. Having two cars in one family is expected especially if a couple both have jobs and have to have separate cars.<\/p>\n\n\n\n

\u2022 Not having a specific parking area for your tenants will increase the risk of their vehicles being towed.<\/p>\n\n\n\n

Tenants complaining to their landlords about parking can be such a headache because you have to please them all. That is why there should be a constructed plan of action regarding this predicament and it will be your job as a landlord to come up with this.<\/p>\n\n\n\n

Lease Agreement<\/h2>\n\n\n\n

Like what is commonly advised, the lease agree<\/a>ment is THE most important piece of the document a landlord should have when getting into this business. It should have everything, down to the nitty-gritty of the technicalities of renting out a property. When it comes to parking, set up specific policies because that would help you organize the parking situation. Here are some:<\/p>\n\n\n\n

\u2022 Assign a designated parking area per unit.<\/strong> This will ensure them that they will have a space waiting for them anytime. Include the area in the lease agreement and mark it as theirs. It pays to have everything written down as documentation.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u2022 Strictly implement that no parking will be allowed if it is not in a designated area.<\/strong> They should not be allowed to park their vehicles in other areas in the property (e.g. common areas, lawn area). You should also prohibit double parking.<\/p>\n\n\n\n

\u2022 Do not allow vehicles that are not even working or cannot be used anymore.<\/strong> These will just be a waste of space. If the car is scheduled for fixing, then they should have a specific time frame to follow.<\/p>\n\n\n\n

\u2022 Assign parking spaces for guests and guests only.<\/strong> Emphasize that parking in an area that was not assigned to them will have to have their car towed away.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u2022 Be specific on the size of the vehicle that they can park on their space.<\/strong> Some will use a single space for more than one vehicle particularly if they have motorcycles. Indicate in the lease agreement that only one vehicle per spot.<\/p>\n\n\n\n

\u2022 State the process of towing. <\/strong>Include the reasons that may cause a landlord to have their cars towed, the number of warnings given before you take appropriate actions, and their financial obligations on the matter.<\/p>\n\n\n\n

\u2022 Consider the special needs of your tenants. <\/strong>You have renters that may need to have a parking spot that is nearest to the property as they may have disabilities and it will be a burden for them to walk far to their area. Accommodate these requests because they will help the tenant greatly.<\/p>\n\n\n\n

Having enough parking spaces will attract more tenants and that would mean more profit<\/a>. Don’t forget to highlight your parking space when you’re making a property listing at Padleads<\/a>. It’s a feature that attracts a lot of home hunters. Interested applicants will be showing their interest in no time.<\/p>\n","protected":false},"excerpt":{"rendered":"

One of the perks that a property might offer is the advantage of having parking spots for the tenants. A car, particularly if your renter…<\/p>\n","protected":false},"author":5,"featured_media":872,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13,23,19],"tags":[],"yoast_head":"\nMake Parking Available for your Tenants - Padleads<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.padleads.com\/blog\/make-parking-available-for-your-tenants\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Make Parking Available for your Tenants - Padleads\" \/>\n<meta property=\"og:description\" content=\"One of the perks that a property might offer is the advantage of having parking spots for the tenants. 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