How Important is Parking Space In Your Rental Property?

As a rental property owner, Parking is something you should very much consider offering to your tenants.

Interesting Fact: Parking spaces are such an important part of a rental property that it’s one of the top frustrations and sources of conflict between landlords and tenants.
Landlords who want to keep their tenants happy and reduce conflict between neighbours should have a clearly defined parking plan for their multi-unit property. Otherwise what you’ll get is chaos, unhappy tenants with very real concerns. Such as:

  • Other people parking in their assigned spot, causing a chain reaction of incorrect parking.
  • Not enough guest parking so guests have to take assigned spots.
  • They don’t like the location of their assigned spot, usually that it is too far away.

These are some of the few concerns you’ll get from tenants. In order for you to get a clear and better understanding of how important parking is, watch our enlightening episode on the same.

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