Nationwide, natural disasters are notorious for striking with little to no warning. Events like hurricanes, tornados, wildfires, and flash floods can lead to significant destruction nationwide.
Rental property owners must know how to respond and whom to contact if their property is damaged by a storm, fire, or flood. It’s crucial for property owners to have this knowledge for renter safety and effective recovery from disasters.
Create a Response Plan
This is the best moment to start planning for disaster recovery. Having a recovery plan can greatly affect your recovery efforts after a disaster impacts your rental home. By planning in advance, you can take present actions to reduce the severity of natural disasters.
The first step is to buy the right insurance coverage. Subsequently, carry out a detailed evaluation of your properties to identify the natural disaster threat levels. Also, thoroughly check the condition of each rental home, including retaining walls, tall trees, and other potential hazards.
After a Natural Disaster
In the event of a natural disaster affecting your rental property, your top priority is to check on your tenants and ensure their safety. Afterward, document the damage to your property in detail, including taking photos, and inform the relevant authorities and your insurance company.
If there is major damage, your tenants may need to arrange alternative housing via their insurance, and you should promptly contact inspectors and contractors to estimate the repair costs and time.
In a disaster, experienced professionals will ensure your residents’ safety, evaluate property damage, document it with photos, and provide you with the information needed to start recovery. The professionals will coordinate with your insurance company, confirm inspectors and contractors are fully licensed and insured, and assist tenants in locating temporary housing if needed.
When confronted with a daunting task list, your best and most efficient option for a fast recovery is a dependable property management company. Real Property Management Home Together can assess the risk level of your rental property and create a plan to reduce potential damage. Contact us via our website or call 904-417-8988.
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.
