Why You Should Have Basement Waterproofing Done to Your Single-Family Rental Property
Posted on: 9 November 2022
Although many landlords own multi-family properties that they rent out, some own single-family properties that they rent out. If this is true for you, and if your single-family rental properties have basements, then you should hire a basement waterproofing contractor to come out and perform waterproofing for the following reasons.
Ensure Your Tenants Have a Decent Place to Live
You probably value your tenants; after all, without them, you wouldn't be able to make a profit from your rental properties. You probably want to provide them with a nice place to live. Your tenants might use the basement in their rental home as a living space or for storage. If this is the case, then basement waterproofing can be a good thing, since it can help keep this space clean, dry, free of mold and mildew, and otherwise more suitable for your tenants.
Consider Creating a Separate Rental Unit
Depending on the set-up of your single-family rental property and the laws in your area, you might have the option to turn the basement in your property into a separate rental unit. This could help you make more of a profit from your rental property, but before you do it, you will need to make sure you properly prepare the property. You can start by having basement waterproofing done.
Prevent Your Property from Being Damaged
Of course, you probably want to do what you can to protect your investment, and this includes taking precautions to help prevent damage to your property. Having basement waterproofing done can help you prevent all sorts of damage to your property, including interior basement damage. Therefore, if you want to take proper care of your property, you'll probably find this is a good investment.
Write It off as a Business Expense
Lastly, as you might already know, if you have certain improvements done to your single-family rental property, you may be able to write off these costs as a business expense. Naturally, you'll need to check with your accountant, but you might find that having basement waterproofing done to your rental property will qualify as a business expense
As you can see, if you own a single-family rental home that has a basement, you should definitely think about having basement waterproofing done to the property as soon as you can. There are basement waterproofing contractors that you can hire to help you with doing this. They can tell you about interior and exterior basement waterproofing and the pros and cons of both. Then, you can determine the type of waterproofing that you want to have done to the property, and you can hire a waterproofing contractor to get the job done for you.
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