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Natural Disasters: What Farmers Branch Rental Property Owners Need to Know

View of a Farmers Branch Rental Property After a Major FloodIf there’s one thing that rings true everywhere, it is that natural disasters are known to strike with little to no warning. Hurricanes, tornados, wildfires, flash floods, and the like can bring about chaos and destruction across the country, destroying lives and homes from coast to coast. For Farmers Branch rental property owners, knowing what to do – and who you can count on – in the event that a storm damages one of your properties, fire or flood is an integral part of keeping your renters safe and recovering effectively from disaster.

The opportunity to begin preparing for disaster recovery has to be done even before a likely disaster happens. Waiting until after a disaster has damaged your rental home to make a recovery plan can severely impact the recovery process. Outlining your steps means doing what you can do now to alleviate the worst that nature has to offer. Purchasing proper insurance coverage is the best place to start, followed by performing a detailed assessment of your properties to determine the natural disaster threat level associated with each one. The status of each rental home should also be thoroughly watched, including the strength of retaining walls, the hazard posed by tall trees, and other potential problems.

First and foremost, when a natural disaster damages your property, you have to get in touch with your tenants to make sure that they are okay. After which, you can then proceed to assess the damage to your property and make sure that you have thoroughly documented and photographed everything. Next, you need to make sure you talk with the appropriate authorities and insurance companies. In case the damage is enormous, your tenants might need to get alternative housing through their insurance carrier, and inspectors and contractors must be brought in right away to estimate the cost of and time need for repairs.

This can be a lot to handle for anybody, which is why partnering with a property management company you can bank on is your first and best choice for a quick recovery. Even before a natural disaster threatens, Real Property Management Legend will help you determine the threat level for your rental home and create an action plan to help mitigate the damage. When disaster strikes, our team of experts will check on your resident’s, assess property damage, take photos, and send you the information you need to get your recovery underway. They will coordinate with your insurance company, ensure that inspectors and contractors are fully licensed and insured, and assist renters with arranging for relocation and temporary housing when necessary.

For all of these reasons and more, Real Property Management Legend is the professional, reliable choice for all of your property management needs in Farmers Branch and the surrounding areas. Please contact us online or by phone at 214-235-2427 for more information.

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