Rental properties need to have good homeowners insurance. As the owner of a rental property, you likely know that a strong policy will protect your finances. It can also indirectly ensure your renters’ safety. However, there are other ways to protect your renters.
You likely know that you can reduce risks for your home’s occupants in other ways. You should maintain your home in proactive ways to keep your occupants sage. There are many things you should do when a renter moves out or moves in. Additionally, you should be ever-vigilant even when a renter occupies your home. Keep in mind these four tips when maintaining your rental homes.
- Have Inspections - In many places, it is the law to maintain certain standards for rental properties. Like any home, rentals should meet electrical and safety codes. You should have rental properties inspected before codes expire and when new tenants move in. You should have the structure, foundation sewage, and electrical systems checked, at minimum. These will lower the risk of any dangers to your occupants.
- Thoroughly Sanitize - You should always make sure that you deep-clean a home after an occupant moves out. This will help make a home sanitary for new occupants, and reduce risks of contamination. You should also make sure that you have the home checked for mold growth. Mold can raise serious health risks for occupants. It can also cause damages that homeowners insurance may not cover. It is best to stay on top of this risk.
- Insulation and Structure - Make sure that you are always vigilant about a home’s structure. Damages to the insulation, foundation, roof and the structure of your home could put safety at risk. You should repair any damages when they occur. Do not wait until a tenant moves out.
- Reduce Outdoor Risks - It is sometimes very difficult to determine who handles your home’s outdoor maintenance. Sometimes the owner, other times the tenant takes care of the outdoor property. However, as the owner, you should be ready to intervene. It is best to do so before small problems get worse. You should cut back trees and branches, stabilize the foundation and protect the property from weather hazards and pest threats.
Your home insurance will benefit you more when you take care of your rental property. You should always do your best when working to maintain the property. It can reduce your risks.
Do you have questions about protecting your rental coverage? We offer renters insurance Atlanta so call us today at (770) 938-4311.