Multifamily Parking Policy Tips
At many multifamily properties, resident parking issues create major headaches for property managers and residents. While occasional issues are unavoidable, a strong parking policy reduces parking problems. In fact, most residents appreciate a strong parking policy. There is nothing worse that not having parking at the end of a long day due to someone else breaking the rules.
There are two keys to a strong parking policy. First, having a well defined written policy. Second, is enforcing the policy. Property managers can use the multifamily parking policy tips below to reduce parking problems by creating and enforcing a strong policy.
Use Clear Lease Language
First and foremost, leases need to clearly outline parking policies. This is an important first step because the lease is the legal contract between the resident and the property. Here are common parking policy items covered in leases.
- Number of vehicles allowed per resident
- Liability for vehicle damage and theft
- Penalties for violating parking policies
- Process for registering vehicles
- Who is responsible for towing costs
Property managers using parking policies that are not included in the lease should consider revising their lease agreements. Since leases are legal documents, consider hiring a lawyer to assist with any lease revisions.
Require Parking Stickers
While parking stickers aggravate some residents, they make enforcing towing policies very easy. Parking stickers also prevent residents from using using guest parking spots. Parking stickers should be updated on annual basis. This is especially relevant at properties with high turnover rates, like student housing near college campuses.
While stickers are commonly used and affordable, other options are available to property managers. Rear view mirror hanging tags are another poplar option. Similar to stickers, hanging tags are easily swapped out and replaced.
Enforce Towing Policies
Towing a resident’s car sends a strong message to other residents. This is especially necessary at properties with persistent parking problems. It typically only takes towing one or two cars to reduce parking problems. Make sure leases clearly state who is responsible for towing costs.
Property managers should inform residents prior to increasing parking policy enforcement. Consider sending an email to every resident and posting notices in common areas. Taking these steps can sometimes reduce parking problems without having to tow cars.
Designated Guest Parking
While designated guest parking is a nice amenity, it creates additional parking challenges. As a result, property managers need clear guest parking policies. This prevents residents from taking advantage of guest parking spots for their personal use. Require guest vehicles register and display a dated guest pass. This extra step eliminates future problems. It also makes identifying and towing illegally parked guest vehicles easy. In addition to a guest parking policy, label spaces the next time the parking lot is striped.
Have any additional multifamily parking policy tips? Email our team and we will add the best ones to the list!