The issue of fire safety in your Dallas single-family rental house is a significant 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. There are many property owners who recognize the weight 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 following all the state and local regulations is an essential part of your rental home’s safety and profitability. Although, the most successful 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. In short, if there’s something you can do to make your property safer and easier to rent to quality tenants, you should do it. For example, installing fire extinguishers in your rental homes — is one good way to assure quality and safety!
When used instantly and adequately, fire extinguishers are proven to help prevent property damage and personal injury. Typically, when the proper tools are made accessible to tenants, household fires can easily be dealt with. There are a number of fire extinguishers developed to put out different types of fires. The conventional fire extinguisher intended for general household use will extinguish all types of fires. When picking an extinguisher for your rental properties, go for one that is light enough to lift, aim, and spray easily. Thus, general-purpose, user-friendly models are the best choice for rental properties.
Paired with tenant education, furnishing your Dallas rental with at least one fire extinguisher could spare you potential unnecessary costs. 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. When your tenants are taught what to do in case of a fire, and when you provide them with the proper tools to extinguish small fires, you can make sure 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 are essentially telling them that you care for their safety — not just for the sake of 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. Long-term profitability for your rental is what these can lead to.
On top of smoke detectors, fire extinguishers 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 Dallas. Would you like to learn more? Contact our team today online!
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