|

|
Congratulations! If you own a rental unit along the beautiful Alabama/Perdido
Key Gulf Coast, you've made what should be a very wise investment.Like
all investments, however, it needs to be protected. Whether you've worked
and saved to finally be able to buy your first unit or this is one of
many condos in your investment portfolio, there are many things to consider
before starting the decorating or redecorating process.
One
of the biggest mistakes I see new condo owners (and some seasoned owners
as well) make is that they treat their rental units like second homes.
If you have signed a contract with a rental company and you place your
unit on the rental market for the majority of the year, you own commercial
property. The furnishings you provide should be able to withstand rental
abuse, be easy to clean and maintain, and also look great.
Take a minute and picture your unit. Ask yourself the following questions:
Is it clean, fresh, updated, inviting and comfortable? Or, is it dirty,
dull, faded, "pieced together" with odds and ends from your
attic (no kidding, some people still do this) and neglected? Would you
bring your family to your unit and happily pay the asking price? What
statement does your unit make about you as an owner? Are you concerned
with providing your renters a place they will want to return to? Remember
that repeat renters are money in the bank!
While it may be unwise to consider your unit as your second home, it is
very wise to think of it as a second home for your renters. Recent statistics
show that between March 2000 and May 2002, almost 3,500 new "rentable"
units were added to the condo market from the tip of Fort Morgan to the
end of Perdido Key. That's 3,500 new rental properties that are competing
with yours! Renters have more choices than ever; therefore, if you lose
a renter, you probably won't get him back. He'll move to a newer or more
updated unit, one that shows how much the owner cares about the comfort
of his renters.
With
a little knowledge and some common sense, making your condo renter-friendly
through the proper use of furnishings and decor can be relatively painless.
My job (and I love it) is to make the decorating process easy and fun.
Through many years of experience--and several costly mistakes--I have
compiled some useful information and come to some conclusions about what
products and services work well for rental units on the beach. I'd like
to share just a little of that information with you.
First, if you work with a rental management company, establishing a partnership
with your rental agent is essential. I know this can be difficult if you
must handle everything long distance, but it is worth the effort. Your
management company should have a list of vendors with whom the company
has established good working relationships. This will help you feel more
assured that the people who will be providing goods or services to your
unit are reputable.
Second, because the unit you own is technically considered commercial
property, it is important to know up front that most warranties will not
apply to goods within your unit. For example, this means that even if
a carpet carries a 20-year warranty, the warranty is of no value to you
for use in your rental unit. The manufacturer, who provides the warranty,
is under no obligation to honor it if the product is installed in a rental
unit. There are many owners out there who have found this out the hard--and
expensive--way.
Now let's talk about some specific areas in your rental unit.
Flooring
Floors are the places where dirt and wear will show the most.
If your unit sleeps six people, there will be 12 bare feet (it is widely
known that shoes are not required at the beach) covered with dirt, sand,
and body oils--the worst thing for floors--tromping all over. A Class
4 or 5 commercial grade ceramic tile with a "slip resistant"
finish is a wise choice in all areas of your unit, except the bedrooms.
Some units even have tile in the bedrooms, but you may risk complaints
from winter guest if you take this route. If you currently have the older,
smaller tiles in some areas of your condo, you may want to consider removing
them and placing the larger tiles throughout the unit. This may be a little
costly at first, but it creates a great look and is easy to maintain.
And, remember, the larger the tiles, the less grout to clean!
Choosing carpet can be really tricky. You need to find a professional
who can show you the products that will hold up the best in a rental unit.
One thing to remember is that all berber carpets are not the same. If
you've had a good berber, you've had one of the best products on the market
for rental use. If you've had a bad one, you've had a mess. Whatever decision
you make about floors, remember that the installer is the last person
to handle your selection; he plays an important role in the process. Take
time to check his credentials.
I have not mentioned vinyl "sheet good" flooring or wood floors,
as they should be the absolute last choice for a rental unit. Neither
hold up well to sand or water. Enough said.
For more information about flooring click here.
Window Coverings
Windows
are always a challenge in a rental unit. Should you make the investment
in good drapes or settle for those awful vertical blinds? I think you
can guess how I feel about this dilemma. I realize there is a cost difference
between the two choices, but this is one time you have to stop stepping
over dollars to pick up pennies--drapes are the best way to go. There
are all kinds of new drape applications, including our new grommetted
system that I use frequently. (You really have to see these to believe
how awesome and maintenance-free they really are!) Take the time to get
some estimates. You may find that the cost difference between a good drape
and a vertical is not that much more than a few of the maintenance calls
that blinds require.
For details about window coverings click here.
Furnishings
Choosing
the right furniture is where I see the most mistakes. For instance, did
you know that there is a huge difference in sleeper sofa mechanisms? Most
in-stock sleepers come with residential mechanisms. These are great for
your family room at home when company stays over, but they are not designed
to be opened and closed every day in a rental unit. A commercial mechanism
can be ordered on most sleepers for a small charge. The proper mechanism
will prevent your sleeper from sagging and decrease wear dramatically.
As far as the rest of the furniture in your unit is concerned, it should
be fresh, undated, cleanable and easy to maintain. I discourage what I
call "free floating" glass tops on end tables and cocktail tables,
as they are accidents waiting to happen, and bedding should never be stained
or faded. I recommend that the mattress on the master bed be very comfortable;
remember that this is where the person who pays the bill will sleep!
To learn more about furnishings click here.
Accessories and Paint
Accessories
and paint can really change the look of a neglected unit. Don't be afraid
to put some color on those walls. You may find you need less artwork if
you do this. A heavy-duty, washable flat paint works well and is less
likely to show the imperfections in the walls. With the right accessories,
you can create you own look so that your unit will not look like just
another "cookie-cutter" condo. I have found that a large piece
of artwork or mirror often can replace several small things on a wall
and make a better statement. Greenery, such as palm trees and plants (imitation,
of course) always warms up a unit. Remember to replace old, faded flower
arrangements with something new. Have fun with this part of the decorating
process, and your guests will sense your care and want to return.
To visit our accessories page click here;
for paint click here.
|