Fire pits are a popular feature in many backyards. While fire pits can be fun, they can also carry some significant risks. These risks should make any Hempstead rental property owner think twice before consenting to one at their property. It is important for tenant relations to foster enjoyment of the home, and this includes allowing renters to personalize their indoor and outdoor living spaces – to some extent.
Before you say yes to a fire pit request, remember to get all the information you need to make an informed decision. In this article, we will explore some of the pros and cons of allowing fire pits on your rental properties, as well as a few important items to consider before responding to a tenant’s request for one.
It’s Just Good Business
Perhaps the primary reason to allow a fire pit at your rental is that it will probably make your tenant happy. And happy tenants are good for your business. Productive communication is the foundation of owning successful rental properties. Undeniably, you must also set clear limits for your tenant not to try to take advantage of your helpfulness. Nevertheless, if a fire pit in the backyard will probably keep them in your rental longer, it may be worth bearing in mind.
The Downsides
Unquestionably, every situation is unique, so you must understand the risks that come with residential fire pits – and that these risks may vary according to who your tenant is and where your rental is established. Regrettably, about 5,000 Americans are injured every year by propane, charcoal, or wood-burning fires.
As a result of the popularity of fire pits, individuals harmed specifically by outdoor fireplaces and fire pits tripled in just six years. Fires can become out of control at full speed, bringing additional risks to your property as well as the occupants. There is no guarantee that your tenant will be aware of basic fire safety, nor that they will use good judgment around the open flames in their fire pit.
Also, some municipalities have regulations that restrict outdoor fire pits wholly or allow them only under certain conditions. It is critical to research these regulations in your particular city, county, and state before allowing a fire pit to be installed at your rental home.
More to Consider
Despite the risks, it is worth noting that correctly setting up and handling a fire pit can help minimize them. If you feel that your tenant is responsible enough to observe proper safety guidelines, you might consider agreeing to a fire pit if certain conditions are met. For example, you’ll want to gather specific details about what kind of fire pit they want, as well as how and where it will be installed on the property. Your property’s curb appeal is vital to your property values, such as your ability to rent the property again in the future. It is also important to guarantee that the fire pit is not an eyesore or bringing damage to your yard, patio, or home – the fire pit is placed too close to the siding, for instance.
What is more, a responsible tenant should still be instructed in fire pit safety, which you can do yourself. Begin sharing information or signing an addendum to the lease that indicates their fire pit safety know-how.
Ultimately, you need to check with your insurance carrier about any probable 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. Your tenant should also have their own renter’s insurance that covers fire-related injuries and damage.
Deciding whether to allow a fire pit at your rental or not may need some effort, but it’s critical to have all the facts before making a decision. Yet, if you’d rather spend your time on other tasks, Real Property Management Landmark can help. Our Hempstead 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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