The subject of fire safety in your Goose Creek single-family rental home is a vital one. As an investment property owner, you want to know that your property is safe and in good condition and that you have good fire prevention measures in place as well. Many property owners see the value 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 not being mandated by many laws, property owners must see the wisdom in having fire extinguishers.
As a property owner, you already know that obeying all state and local regulations is key to keeping your rental home safe and profitable. 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 key point to note is 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. When the proper tools are made accessible to tenants, household fires can easily be dealt with. There are various fire extinguishers created to put out different types of fires. The common fire extinguisher selected for general household use will do the job. When selecting an extinguisher for your rental properties, picking one light enough to lift, aim, and spray easily is vital. For this reason, general-purpose, user-friendly models are the best choice for rental properties.
Coupled with tenant education, equipping at least one fire extinguisher in your Goose Creek rental could spare you from having to spend more in the future. 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 concern and duty. 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.
Providing fire extinguishers to your tenants has other benefits. 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 facilitates good rapport with your tenants, encourages cooperative property maintenance, and even boosts the chances of your tenants staying longer in your rental house. All of these can lead to higher long-term profitability for your rental.
Fire extinguishers and smoke detectors are an essential part of any property owner’s tool kit. However, there are several things that you can do to create safe and appealing rental properties in Goose Creek. Would you like to learn more? Contact our team today online!
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