Fire pits are typically a trademark in numerous backyards. Even though fire pits can be fun, they can also convey some huge risks. These risks should make any Valley Stream rental property owner think twice before agreeing to install one at their property. It’s imperative for tenant relations to boost the enjoyment of the home, which includes allowing renters to personalize their indoor and outdoor living spaces – to some extent.
Before you say yes to a fire pit request, see to it that you have all the information you need to make an informed decision. In the following, we will evaluate some of the pros and cons of allowing fire pits on your rental properties, along with some significant factors to keep in mind before responding to a tenant’s request for one.
It’s Just Good Business
One of the best reasons to allow a fire pit at your rental is that it will possibly make your tenant happy. Also, happy tenants are good for your business. Productive communication is the foundation of owning successful rental properties. Definitely, you should also set clear limits so that your tenant does not attempt to take advantage of your big-heartedness. However, if a fire pit in the backyard keeps them in your rental longer, it may be worth considering.
Usually, every situation is different; that’s why you need to understand the risks involved in residential fire pits – and that these risks may vary depending on who your tenant is and where your rental is located. Alarmingly, about 5,000 Americans are injured every year by propane, charcoal, or wood-burning fires.
Due to the popularity of fire pits, the number of people harmed by outdoor fireplaces and fire pits tripled in just six years. Fires can go out of control easily, generating additional risks to your property along with the occupants. There’s no guarantee that your tenant understands basic fire safety nor that they will use good judgment around the open flames in their fire pit.
Moreover, some localities have regulations that completely restrict outdoor fire pits or only allow them under certain conditions. You must research these regulations in your particular city, county, and state before allowing a fire pit to be built at your rental home.
More to Consider
Despite the risks, it is worth remembering that correctly setting up and handling a fire pit can help minimize them. If you see that your tenant is responsible enough to observe proper safety guidelines, you could consider agreeing to a fire pit if certain conditions are met. For example, you need to get the full details about what kind of fire pit they prefer and how and where it will be installed on the property. Your property’s curb appeal is helpful to your property values, as well as your ability to rent the property again in the future. It is necessary to make sure that the fire pit is not an eyesore or bringing risks to your yard, patio, or home – the fire pit is placed too close to the siding, for instance.
And a responsible tenant still needs to be instructed in fire pit safety, which you can do yourself. Consider sharing information with them or signing an addendum to the lease that attests to their fire pit safety know-how.
Lastly, you must check with your insurance carrier about any possible effect allowing a fire pit may have on your coverage and rates. If you don’t, and your property is damaged, you may not be covered for the repairs. It would be great for your tenant to have their own renter’s insurance that covers fire-related injuries and damage.
Opting whether to allow a fire pit at your rental or not could require some effort, but it’s necessary to have all the facts before doing so. However, if you’d rather spend your time on other tasks, Real Property Management Innovation can help. Our Valley Stream property management professionals can help you handle all of your tenant’s requests and provide valuable advice and information you need to not only keep your tenants (and your property) safe but also profitable. Contact us today to learn more about the services we offer.
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