Fire pits are a common request in several backyards. While fire pits can be fun, they can also cause some great risks. These risks must have every Fort Collins rental property owner think twice before they can allow one on their property. It’s excellent for tenant relations to support the enjoyment of the home, and this includes allowing renters to personalize their indoor and outdoor living spaces – to a certain extent.
Before you say yes to a fire pit request, see that you have all the information you need to make an informed decision. Below are some of the pros and cons of allowing fire pits on your rental properties and some essential things to think about before responding to a tenant’s request for one.
It’s Just Good Business
Maybe the primary reason to allow a fire pit at your rental is that it will probably make your tenant happy. Besides, happy tenants are good for your business. Productive communication is the foundation of owning successful rental properties. Naturally, it is necessary to set clear limits for your tenant not to attempt to take advantage of your generosity. However, if a fire pit in the backyard will likely keep them in your rental longer, it may be worth considering.
Of course, every situation is unique, so it’s important to understand the risks that come with residential fire pits – and that these risks may vary depending on who your tenant is and where your rental is located. Sorry to say, about 5,000 Americans are injured every year by propane, charcoal, or wood-burning fires.
Thanks to the popularity of fire pits, people injured specifically by outdoor fireplaces and fire pits tripled in just six years. Fires can go out of control and pose further risks to your property as well as the occupants. There is no certainty that your tenant will understand basic fire safety nor that they will use good judgment around the open flames in their fire pit.
In addition, many locations have regulations that restrict outdoor fire pits completely or permit them only under certain conditions. It’s advisable to research these regulations in your given city, county, and state before allowing a fire pit to be installed at your rental home.
More to Consider
In spite of the risks, it is worth remembering that correctly setting up and handling a fire pit can help minimize them. If you think 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 instance, you will need to acquire specific details about what kind of fire pit they prefer, as well as how and where it will be installed on the property. Your property’s curb appeal is crucial to your property values, including the ability to rent the property again in the future. It is important to make sure that the fire pit is not an eyesore or posing harm to your yard, patio, or home – the fire pit is placed too close to the siding, for instance.
Additionally, a responsible tenant still has to be instructed in fire pit safety, which you can do yourself. Think about sharing information with them or signing an addendum to the lease that demonstrates their fire pit safety know-how.
Lastly, make sure to check with your insurance carrier for any possible effect allowing a fire pit may have on your coverage and rates. In case you don’t, and your property is damaged, you may not be covered for the repairs. Your tenant must also have their own renter’s insurance that covers fire-related injuries and damage.
It may take a little effort to decide whether to allow a fire pit at your rental or not, but it’s imperative to have all the facts before doing that. Yet, if you’d rather spend your time on other tasks, Real Property Management of the Rockies can lend a hand. Our Fort Collins property management professionals can help you handle all of your tenant’s requests and provide valuable advice and information you need not just to 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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