The subject of fire safety in your Locust Grove single-family rental house is a vital 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 lot of property owners recognize the worth of having smoke and carbon monoxide detectors in their rental homes and make sure to maintain them every year. But what about fire extinguishers? Despite there not being many laws that mandate property owners to have them, there are quite a few good reasons for having them.
As a property owner, you already know that following all the state and local regulations is an essential part of your rental home’s safety and profitability. Nevertheless, most booming property owners don’t just follow the letter of the law. Bear in mind that you need to prioritize 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 instantly and adequately, 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 number of fire extinguishers developed 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 making a choice regarding an extinguisher for your rental properties, you should take into account if it’s light enough to lift, aim, and spray easily. Thus, 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 Locust Grove 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.
Furthermore, 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 your responsibility. Making sure that your tenants know what to do in case of a fire is good, but so is equipping them with the necessary tools to extinguish small fires when they start. This can lead to an assurance that no lives are lost in your rental home.
Equipping your tenants with fire extinguishers has multiple benefits. When you provide your tenants with fire extinguishers, you’re displaying genuine care for their safety, and not just for your own compliance with the law. This establishes good rapport with your tenants, encourages them to be willing to help in property maintenance, and increases the chances of them staying longer in your rental home. These are necessary for building higher long-term profitability for your rental.
In combination with smoke detectors, fire extinguishers are an essential part of any property owner’s tool kit. Regardless, there are numerous methods to create safe and appealing rental properties in Locust Grove. Would you like to learn more? Contact our team today online!
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.
