Most landlords opt to paint their rental properties in neutral colors. That is because neutral colors make a property look larger and brighter, help appeal to a broad range of tenants, and are easier to maintain.
That said, neutral colors don’t always appeal to every tenant. Some tenants might want something more colorful or reflective of their personality. For this reason, it’s possible some tenants will ask you whether they can repaint the walls on your rental property.
In today’s blog, we’re going to examine what options you have when it comes to allowing tenants to paint your property.
Does your tenant want to paint the walls of your rental property? If so, the following are responses you can opt for.
As a landlord, you have the right to turn down the tenant’s request. Just make sure to explain your decision and its reasoning in a kind and friendly manner.
When turning down the request, you can choose to give the tenant acceptable alternatives. For instance, you could suggest they install wallpaper instead. Most wallpapers are easy to install and remove without causing damage, and they come in versatile prints and patterns.
If the tenant agrees to install wallpaper, you can require that they only use high-quality options and ask that the installation be done by professionals to avoid any potential issues or
tenant damages.
You can choose to let the tenant paint your rental property, but request that they abide by some, if not all, of the following conditions.
Here are some of the benefits of allowing a tenant to paint your rental property.
Allowing a tenant to paint your rental property will enable them to personalize the space to their own liking. In turn, this can help the tenant feel comfortable and encourage them to rent the property for a longer period of time, helping you retain tenants and minimize turnover.
As a landlord, you should always strive to minimize
vacancies, as they signal a loss of income. If you ever find yourself struggling to find a new tenant, you may want to consider allowing new tenants the freedom to paint the rental. This could give you a competitive edge over other rentals, and attract tenants who might not have found your property otherwise.
Before allowing these new tenants to paint your property, make sure to go over any conditions you may have. This will help you prevent wall damage and save on costly restoration fees.
Allowing
tenants to paint your rental property may benefit your return on investment. Since only a handful of landlords allow tenants to paint their walls, you may be able to stand out from the crowd, enabling you to rent your property quickly while charging more rent.
In order to make the process easier, you can also ask the tenant to repaint the property before they vacate it. Just remember to include these terms in the lease agreement, discuss them with the tenant beforehand, and keep a copy of all
important documents.
Before allowing a tenant to paint your rental property, make sure to weigh the decision’s various pros and cons. If you choose to allow the tenant to paint the property, it’s encouraged that you set certain conditions in order to keep your home and investment safe.
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MTD Property Management. We provide sophisticated property management solutions to Chicago landlords.
With us managing your rental property, you won’t have to worry about a thing. We’ll take care of all the responsibilities for you, from marketing the property and screening tenants to drafting lease agreements and responding to maintenance requests. Get in touch with us today to learn more about our property management services and how we can be of help to you!