4 Things To Consider Before Renting Your Home in Wildomar California
Wildfires. Hurricanes. Earthquakes. It’s no secret that natural disasters have been on the rise recently, affecting nations across the globe. These extreme weather events can cause adverse effects on any business.
However, if you own an investment property, there’s an extra level of risk involved. Not only do you have to worry about your investment, but also the tenants living on your property. This raises the question: how can landlords or property owners prepare for emergencies? Well, here are several tips to get you started:
Look for Potential Hazards
This is a case of prevention being better than the cure. Rather than waiting for disaster to strike, it’s better to identify potential risks beforehand and prepare accordingly.
Thoroughly examine your property and its surroundings. Note down all the geographical/ environmental risks and any internal vulnerabilities. For instance, is the property located close to the ocean or lake? If so, then one potential hazard is water damage. Similarly, it's highly susceptible to wildfires if it’s located near a forest.
Create Emergency Protocols
Once you’ve identified the risks, the next step is to create an emergency plan. Write down clear and accurate instructions for how to tackle every hazard. In your plan, identify evacuation routes and assembly areas where affected parties can take refuge in the event of a disaster.
While you’re at it, remember to provide contact details of local authorities, relevant service providers, and property management staff for such scenarios. It’s also vital to communicate procedures for disconnecting utilities and safeguarding the property in an emergency.
Convey Emergency Plan to Tenants
Creating an emergency plan is just half of the equation. The other half is ensuring that all relevant parties understand and follow the protocols to the letter, especially renters. You could schedule a meeting or share the plan digitally. Whatever you choose, ensure your tenants know the steps to take in case of an emergency.
You could even offer training sessions and drills if you have the resources. This way, every tenant understands their role and responsibility if things ever go awry.
Conduct Preventive Property Maintenance
You’d never drive your car for thousands of miles without topping up the engine oil. In the same way, you shouldn’t run your property without conducting regular maintenance. There are several measures you can take to minimize the risk of damage.
Your preventive maintenance program should include the following:
●Inspecting plumbing fixtures and systems
●Testing smoke detectors and CO2 alarms, as well as recharging fire extinguishers
●Sealing cracks and gaps in doors, windows, and walls
●Servicing air conditioners
●Landscaping, trimming, or cutting down large trees within your property
●Cleaning gutters and window wells
●Seasonal maintenance, like winterizing your pool and landscaping
Conclusion
One key lesson we all learned from the pandemic is that disasters can strike at a moment’s notice. If you own a property, you should have safety measures to minimize the severity and risk of damage from potential calamities. If you’re unsure where to start with emergency preparedness, Solio Property Management company can help. We are real estate experts in the local Wildomar area, and can help you navigate the uncertainty of disaster preparedness and rental property management.
Working closely with other experts, we will assess your property and its surroundings to determine potential risks. We will then recommend a suitable plan, highlighting the steps to take in emergencies. Still hesitant to trust us with this responsibility? Check out our testimonials, and you'll see the quality of services we offer
