Water Damage and Your Rental Property

Being a landlord has its benefits and drawbacks. One of the major drawbacks when it comes to water damage and rental property is that you are at the mercy of your tenants and their responsiveness (or lack of response) to the problem. After all, water damage can go from bad to worse if the tenant doesn’t act quickly or warn you about a leak and you won’t know about the issue until it’s too late.
Fortunately, large water leakage, burst tanks, and overflows are not overlooked by most tenants. However, with minor plumbing problems, some might not want to bother you. The tenant can plunge the toilet, mop up the water, and leave it at that, for example, if a toilet overflows. But what if the bathroom is carpeted and the water isn’t mopped up completely? The carpet soon begins to stink and mold starts to emerge. Suddenly, your hands have a bigger concern than a mere overflow, and now you are faced with the expense of replacing carpets and mold remediation. Get the facts about -How mold can affect property value see this.
It’s crucial that your tenants feel that they can notify you about any mishap due to the potential for escalating water harm. Let your tenants know that they care about your property’s condition and want to know about problems with water and plumbing. Accessibility is a must, as is open communication. Before harm gets worse, you may not only be more likely to learn about water issues, you will also find that your tenants are more sensitive, proactive, and responsible as they see how much you care.
Make it as simple as possible for your tenants by clearly explaining what you intend when problems occur with water. Build an instruction sheet that discusses water problems directly. Let the tenants know about the problems you need to be told about, such as: musty odors, leaks, overflows, condensation, broken pipes, standing water, mold, etc.