As a landlord, you are exposing yourself to several risks when you leave your rental property vacant. Of course, there are times when your property will be vacant. But the problem is that the longer your property remains vacant the more risks you are exposed to. Most landlords who are familiar with this problem are now making use of experienced Los Angeles Property manager to ensure that their property doesn’t remain vacant for long.
It is important to point out at this point that there is a big difference between an abandoned property and a vacant one. While an abandoned property presents an eyesore, a vacant property is the one that is presently unoccupied by a tenant. It doesn’t matter whether you maintain your vacant property or not, it is not ideal to keep your property vacant for long.
As an experienced Los Angeles Property manager, I have seen a number of problems you can run into when you leave your property vacant for long. In fact, some of the abandoned properties you see today started off from lacking tenants; before you know it, they became depleted and no one wants to live in them anymore.
Indeed, vacant properties are subjected to so many problems. In this article, you will learn some of the reasons why you must not let your property stay vacant for a long time:
Top Reasons Why You Should Let Your Property Remain Vacant
When you leave your property vacant for a long time, you are exposing it to theft and vandalism. Do not think that there is nothing valuable to steal from the house. Thieves can break into a vacant property and steal air conditioning units and even copper from wiring. When this happens, they end up causing more damage to your property.
They may also steal some of your appliances. In some cases, children will besiege the property drawing graffiti and cause other damages to the property.
When you have a vacant property, you can hire a private security or invest in a home security camera that allows you to remotely monitor the property.
Squatters love to take advantage of vacant properties. Since no one is living in the property, squatters will tend to take over the property and cause a lot of damage to it.
Removing squatters from your property can be very difficult. To avoid the problem of squatters when you have a vacant property, make sure you have a private security taking care of the property. You can also get the service of an experienced Los Angeles property manager who will help you get tenant fast to avoid these problems.
Water damage is common in a vacant property. During the winter, a pipe may freeze or burst, flooding the house. When this happens and remains undetected for a long time, it could cause some serious damage to your property.
When you leave your property vacant, it can attract unwanted guests who may light a candle and forgot it. Nonetheless, arson is a common problem with vacant properties. In some cases, you may find out that the cause of the fire is from a heating system that lacks maintenance.
Leaving a property vacant for a long time is bad for business. Your property continues to deplete when it is left unoccupied for a long period of time. Like we stated above, some of the abandoned properties you see today started off as vacant properties.
Don’t let your property to remain vacant for a long time. Instead, get the service of an experienced Los Angeles Property Managers. At Los Angeles Property Management Group, we can help you to find quality tenants as fast as possible so you can avoid the problems that come with leaving your property vacant for a long time.