5 Tips to Protect Your Rental Property on the 4th of July
4th of July is approaching. What can landlords do to protect themselves and their properties?
Fourth of July weekend brings excitement to millions of Americans. Not a pool in sight will be empty. Grills will be sizzling with hot dogs and glasses will be filled to the brim with tangy margaritas. We all are looking forward to fireworks whistling over our heads to light up the sky with a burst of color. It is an amazing holiday, but as a landlord, you might have some concerns.
Your property is an important investment, but if you have not banned fireworks and grilling, then consider these 5 tips to protect you and your tenants.
1. Remind Your Tenants About the Local Laws
Your tenants may be aware of the laws on fireworks, but it is a good idea to take some precautions. You can remind them directly or post notices of the kinds of fireworks permitted, if any, by the state and county. Tenants will appreciate your taking the time to communicate with them about safety and responsibility.
2. Require Renters Insurance
Many landlords require their tenants to buy and maintain renters insurance to mitigate the risk of a lawsuit. Renters insurance adds another layer of protection for you as a landlord because it is likely that your liability policy will not cover a tenant if his or her property is damaged or if someone is injured.
3. Encourage Fire Safety
Ensure that your fire extinguishers are in working order. Follow the recommended testing procedures and inspection schedule provided by the manufacturer. Also, while banning the use of fireworks indoors may be common sense to you, you may need to remind tenants that these activities are restricted for outdoor use.
4. Educate Tenants on Proper Disposal of Fireworks
Inform tenants on how to properly dispose of fireworks. Fire safety officials recommend that extra and used fireworks are soaked overnight in a bucket of water before bagging and disposing them. Lastly, remind your tenants to not light fireworks near combustibles.
5. Talk to Tenants about Grilling Safety
Talk to your tenants about grilling safety tips and show them the safest locations for grilling. Remind them to grill in well-ventilated areas. Also, be sure that you inform your tenants that they must grill at a safe distance away from the building and any combustible and flammable material.
Enjoy your Fourth of July celebration! For better communication with tenants, try the Tellus app and see how easy it is to keep everyone on the same page.
