Skip to Content

Protect Your Real Estate Investment: Natural Disaster Preparedness

Home that has suffered flood damage.Throughout the nation, natural disasters frequently strike with little warning. Natural events such as hurricanes, tornados, wildfires, and flash floods can result in severe damage to homes and lives nationwide.

Rental property owners need to be aware of the proper steps and contacts if a storm, fire, or flood impacts their property. It’s crucial for property owners to have this knowledge for renter safety and effective recovery from disasters.

Create a Response Plan

The right time to plan for disaster recovery is now. Developing a recovery plan can significantly enhance the recovery process for your rental home after a disaster. Advance planning involves immediate actions to lessen the worst nature has to offer.

The best starting point is purchasing suitable insurance coverage. After that, assess your properties in detail to determine the natural disaster risk for each one. You should also meticulously inspect each rental home, paying attention to the strength of retaining walls, tall trees, and other possible issues.

After a Natural Disaster

If a natural disaster impacts your rental property, your initial priority should be to check on your tenants and secure their safety. Following that, document the full extent of the damage to your property with photos 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.

During a disaster, a team of experienced professionals will ensure resident safety, assess property damage, document it with photos, and provide the necessary information to start your recovery. The team will coordinate with your insurance company, ensure inspectors and contractors are properly licensed and insured, and assist tenants in finding 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 Success can assist you in assessing the risk level for your rental property and planning to minimize damage. Contact us online or call 774-840-5140.

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.

The Neighborly Done Right Promise

The Neighborly Done Right Promise ® delivered by Real Property Management, a proud Neighborly company

When it comes to finding the right property manager for your investment property, you want to know that they stand behind their work and get the job done right – the first time. At Real Property Management we have the expertise, technology, and systems to manage your property the right way. We work hard to optimize your return on investment while preserving your asset and giving you peace of mind. Our highly trained and skilled team works hard so you can be sure your property's management will be Done Right.

Canada excluded. Services performed by independently owned and operated franchises.

See Full Details