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Do I Need to Provide a Fire Extinguisher for My Rental?

The matter of fire safety in your Smithfield single-family rental house is a crucial one. As an investment property owner, you want to know that your property is not only safe and in good condition but that you have good fire prevention measures in place as well. A good number of property owners acknowledge the benefits of having smoke and carbon monoxide detectors in their rental homes and make sure to maintain them every year. But what about fire extinguishers? Fire extinguishers are good to have in your home, even though not many laws require property owners to provide them.

As a property owner, you already know that keeping with all state and local regulations is vital to keeping your rental home safe and profitable. Nevertheless, most booming property owners don’t just follow the letter of the law. It’s wise that you think carefully about what is best for you, your tenants, and your investment. If it is within your power to do anything that will make your property safer and easier to rent to quality tenants, you shouldn’t have to think twice about doing it. A good way to go about that is, for example, installing fire extinguishers in each of your rental homes.

When used immediately and precisely, fire extinguishers are proven to help prevent property damage and personal injury. Should a household fire occur, it can be easily contained if only the proper tools are at hand? There are a lot of fire extinguishers intended to put out different types of fires. A regular fire extinguisher designed for general household use will most likely put out all kinds of fires. When picking out an extinguisher for your rental properties, it is significant to go with one that’s light enough to lift, aim, and spray easily. Hence, general-purpose, user-friendly models are the best choice for rental properties.

When done with tenant education, providing at least one fire extinguisher at your Smithfield rental property could save you thousands of dollars. The National Fire Protection Association reports that there are more than 355,000 residential fires in the U.S. every year, causing $6.9 billion in property damage. Even if you assume that your insurance will help you repair or replace your rental home in the event of a fire, that usually doesn’t include the lost rental income or the higher insurance premiums you are likely to pay after making a claim.

Beyond that, fire extinguishers can save lives. Household fires cause an average of 2,600 deaths every year, as well as over 11,000 injuries. As a property owner, your tenants’ safety while they are in the rental home is on you. When you teach your tenants how to respond to a fire, and equip them with the right tools to extinguish small fires, you make sure that no lives are lost in your rental home.

Furnishing your tenants with fire extinguishers in your rental homes leads to other positive effects. When you provide fire extinguishers to your tenants, you’re showing them that you care for their safety and that you’re not just doing it to follow the law. This leads to the building of good rapport with your tenants, promoting responsibility for property maintenance, and maybe even encouraging them to stay longer in your rental house. All of these can lead to higher long-term profitability for your rental.

In addition to smoke detectors, fire extinguishers are an essential part of any property owner’s tool kit. Nonetheless, there are various means to create safe and appealing rental properties in Smithfield. Would you like to learn more? Contact our team today online!

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