Aside from regular inspections, alarms, fire suppression tools and emergency planning are crucial components in ensuring the safety of your investor client’s tenants from a fire. They are in-fact, life-saving tools and strategies that can cut potential fire deaths in half.
Category: Seasonal Preparation
The New Year is all about self-improvement. And though some people dread New Year’s resolutions, real estate investors salivate at the sound of “new”. After all, real estate investors improve things for a living. Now, improvement is wonderful, but all this betterment does take planning.
Winter has made its presence known, but your investor clients can still fortify their “castles” against the cold. The saying “better late than never” holds true here. In this two-part article series, we are looking at four winter perils from which your clients need to shield their properties. In Part 1, we addressed ways to protect occupied properties and this time, we’ll cover vacant properties and renovation projects.
Many regions of the U.S. have already received their first snows and freezes, but your investor clients can still fortify their “castles” against the coming cold. In this two-part article series, we’ll look at four winter perils from which your client’s need to shield their properties. In Part 1, we address ways to protect occupied properties and next month, we will address vacant properties and renovation projects. Let’s get started.
Of the three leading causes of property damage—fire, theft/vandalism, and water damage—the last one is usually the easiest to prevent. Your investor clients can avoid frozen pipes and water damage at their vacant property by taking some simple steps to winterize it properly.
The end of Daylight-Saving Time is coming, which means re-setting clocks and “falling back.” (One more glorious hour of sleep!) As the daylight hours begin to wane, the types of risk your investor’s property face also change. The quality of preparation during milder transitional seasons like spring and fall will directly impact a property’s ability to handle the year’s most extreme weather conditions. Share these tips with your investor clients to help keep their properties risk free in the fall and help to fortify their investment for the more challenging months to come.
Every year, tornadoes and severe storms sweep across much of the nation. Mother Nature can’t be stopped, but there are steps that real estate investors can, and in some cases must take so that insurance coverage is not voided after a loss occurs. Investors should be reminded to heed these tips to prevent bad from turning into worse.
Though hurricanes often come with some warning, preparing properties and tenants well in advance is of the utmost importance. Natural disasters don’t wait on humans to be ready to respond. Being ready can help lessen the stress of an emergency situation. Heeding the tips below could save real estate investors thousands of dollars, and may even save a life.
The weather is warming up and now is great time to help your clients prepare for upcoming risks that come with spring and summer weather. It may be surprising how much advance planning is necessary. Thunderstorms, flooding and tornadoes are approaching, so how can you relay the importance of this preparedness to your investors and clients?