Throughout the nation, natural disasters frequently strike with little warning. Hurricanes, tornados, wildfires, and flash floods can cause widespread damage to homes and lives across the country.
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. Creating a recovery plan can greatly improve the recovery process after a disaster hits your rental home. Planning ahead allows you to take steps now to lessen the impact of natural disasters.
The best starting point is purchasing suitable insurance coverage. Next, conduct a thorough assessment of your properties to gauge the natural disaster threat level for each. Also, thoroughly check the condition of each rental home, including retaining walls, tall trees, and other potential hazards.
After a Natural Disaster
If a natural disaster strikes your rental property, your primary concern should be checking on your tenants and ensuring their safety. Then, thoroughly document the damage to your property by taking photographs and notify the relevant authorities and your insurance company.
For significant damage, your tenants may need to arrange alternative housing through their insurance, and you should swiftly contact inspectors and contractors for repair estimates.
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. They will liaise with your insurance company, verify that inspectors and contractors are fully licensed and insured, and help tenants find temporary housing if necessary.
When overwhelmed with tasks, a dependable property management company is your best and most efficient choice for a quick recovery. Real Property Management Ignite can help you determine the risk level for your rental property and develop a strategy to minimize damage. Contact us via our website or call 541-550-7002.
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.
