**This article was updated on February 23, 2021.
All around the country, natural disasters can strike with little to no warning. Hurricanes, tornados, wildfires, flash floods, and the like can create chaos in homes and lives from coast to coast. For Smithfield rental property landowners, knowing what to do – and whom you can depend on – in the likelihood that one of your properties is ruined by a storm, fire or flood is an essential element of keeping your renters safe and recouping faster from natural disasters.
How to Create A Recovery Plan
The time to commence preparing for disaster recovery is now. Waiting until after a disaster has ravaged your rental home to devise a recovery plan can completely influence the recovery process. Planning means doing what you can now to mitigate the worst that nature has to offer. Acquiring suitable insurance coverage is a good place to get underway. Next, create a detailed assessment of your properties to determine the natural disaster threat level associated with each one. Examine each rental home carefully, including the sturdiness of retaining walls, tree placement, and other potential issues.
What to Do After A Natural Disaster
If a natural disaster damages your rental property, immediately assess your tenants and ensure they are safe. Then, document and photograph the devastation to your property and contact the appropriate authorities and insurance companies. If the devastation is drastic, your tenants might need to acquire alternative housing through their insurance carrier. You should acquire inspectors and contractors at once to estimate the cost of and time need for repairs.
A Property Manager Can Help
With many things to accomplish, having a dependable property management company is your best option for a prompt restoration. Even before a natural disaster arrives, Real Property Management Cache Valley will help you determine the threat level for your rental home and create an action plan to help mitigate the damage. In the event of a disaster, our group of professionals will check on your residents and assess property damage. We will also take photos and send you the information you need to get your recovery underway. We will work with your insurance company, hire fully-licensed and insured inspectors and contractors, and aid renters with relocation and temporary housing when necessary.
For all of these aims and more, Real Property Management Cache Valley is the certified, trustworthy favorite for all of your property management necessities in Smithfield and the neighboring areas. Please contact us online or by phone at 435-753-5200 for more information.
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.
