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Electric Car Chargers at Your Rental Property: What Port St John Landlords Need to Know

Electric Plugged into a Charging Station at a Port St John Rental PropertyAs electric cars become more common, the number of renters looking for a rental home with an electric car charger has greatly increased. It would be smart to be willing to install one in their rental property. Americans have bought nearly 800,000 electric vehicles over the last few years. And the percentage of electric vehicles sold increases every year.

A resident may ask to have an electric car charger in your Port St John rental home. If such a request is made, you should consider a few things before granting the request. You need to know the up-front cost of installation, you need to decide who should do the work, and you need to factor in the potential increase of the value of your rental property when you have the electric car charger installed. These points need to be carefully considered.

The location is also a huge factor since installing an electric car charger appeals to residents who own electric cars. In some areas, the number of electric car owners is high, while in other areas, there may only be a few. If you can reasonably expect that an electric car charger would be needed by future residents, it may be a good decision to go ahead and have one installed. In these areas, installing an electric car charger will be a draw for certain prospective residents. It will allow you to attract and keep quality residents for your rental home in Port St John

If you go ahead and install electric car chargers, it’s vital to have a qualified company do the work for you. Allowing your resident to take care of it may seem like an easy way to avoid the hassle. However, the risk of doing this is great. Specialized chargers for electric vehicles require professional installation and even, in some cases, a permit and inspection by local authorities. There is a lot of work and expertise needed for the installation. This is why a resident shouldn’t be responsible for such an important process.

If cost is a big concern, then you must compare the cost of installation against the cost of losing a quality resident. It may come out more costly to find a new renter than to take their request for an electric car charger seriously. It would also be sensible to find out if there are any energy credits or other tax deductions available for having an electric car charger installed. Tax incentives like these help soften the blow of the initial expense of installation.

As with any major decision, it would be smart to consider the pros and cons of installing the electric car charger that your resident wants. And you don’t have to figure it all out alone. At Real Property Management Brevard, we have the experts and tools to help you get a good grasp of the situation and make the right decision. If you want more information or have a question, don’t hesitate to contact us online or call us at 321-610-8022.

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