Natural disasters often hit the nation with little or no warning. Hurricanes, tornados, wildfires, and flash floods can cause extensive damage to homes and lives across the country.
Rental property owners need to be aware of the proper steps and contacts if a storm, fire, or flood impacts their property. This knowledge is crucial for renter safety and effective disaster recovery.
Create a Response Plan
The right time to plan for disaster recovery is now. Having a recovery plan can greatly affect your recovery efforts after a disaster impacts your rental home. Advance planning involves taking current actions to mitigate the worst effects of nature.
Begin by acquiring adequate insurance coverage. Subsequently, carry out a detailed evaluation of your properties to identify the natural disaster threat levels. You should also meticulously inspect each rental home, paying attention to the strength of retaining walls, tall trees, and other possible issues.
After a Natural Disaster
When a natural disaster affects your rental property, the first thing you should do is check on your tenants and ensure their safety. Next, meticulously document the extent of the property damage, take photographs, and notify the relevant authorities and your insurance company.
In cases of severe damage, your tenants might need alternative housing through their insurance provider, and you should immediately contact inspectors and contractors to estimate repair costs and duration.
When a disaster occurs, seasoned professionals will ensure your residents’ safety, assess property damage, document it with photos, and give you the required information to start recovery. They will work with your insurance company, ensure inspectors and contractors are fully licensed and insured, and help tenants find temporary housing if necessary.
When faced with a lengthy task list, having a reliable property management company is the most efficient way to ensure a speedy recovery. Real Property Management Allies can assist in assessing your rental property’s risk level and formulating a plan to minimize damage. Contact us online or call 678-680-5065.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
