Household leaks can cost you a lot of money in property damage when left unaddressed for long periods. According to FEMA and the National Flood Insurance Program, just an inch of water in the typical home can cause up to $25,000 worth of damage.
As a landlord, it’s important to take preventative measures to ensure your rental property is safe from water damage. The following are some helpful tips we’ve compiled at
C&C Property Management to help you in this regard.
Not all signs of water damage are apparent. The sneaky ones, in particular, can be a nightmare to identify and diagnose. That’s why property inspection from time to time is key for the long-term success of your rental investment. You’ll also want to respond to tenant’s issues regarding water damage as soon as possible.
The following are some common sources of water damage in a home:
In order to
maintain your rental property effectively it’s important to know the signs of water damage. The following are signs to look out for:
If you have noticed any of these signs when inspecting your rental property, take immediate action. With water leaks, the longer you leave them unaddressed, the more damage they will end up causing.
As a landlord, there are several safeguards you can implement that can help you prevent water damage in your rental property. The following are proven tips to help you in that regard.
Downspouts and gutters work conjunctively to ensure rainwater flows to the ground properly. With downspouts, you’ll want to ensure that they are not blocked and carry water as far away from the home’s foundation as possible.
This will help minimize flooding issues around your home’s foundation.
At a minimum, make sure you have your gutters cleaned once a year. If you fail to do so, dried leaves and other debris will accumulate and prevent the efficient flow of rainwater down to the downspouts. As a result, water can overflow and spill down to the sides of the property. Over time, this can lead to structural issues.
When inspecting the gutters, don’t forget to check their alignment as well. Make sure they are angled downward for proper water drainage.
Check to see whether the property is graded properly. If your property isn’t graded properly, water can quickly build up on level ground, increasing the chances of water damage to your home.
A positively graded yard ensures the ground around a house is sloping away from it, directing rainwater away from its foundation.
Are there any cracks in your windows? If so, repair them as soon as possible. Cracked or improperly sealed windows can allow water to seep into a home. Over time, persistent leaks can weaken walls, flooring, and insulation, making it essential to repair or reseal windows promptly to prevent moisture intrusion.
You will also want to ensure that your sump pump is working as it should. These are designed to ensure efficient water removal from the sump pit of your basement or crawlspace. If you don’t and the sump pump happens to be broken, the persistent dampness in the basement area can lead to water damage to the adjacent areas.
This is another part of your rental property that can cause serious water damage if damaged. And unfortunately, since it’s out of sight, it’s often overlooked as a potential water damage risk. Oftentimes, attention will only be given to the roof once issues start popping up. At this point, the damage could be worth thousands of dollars in repair costs.
Preferably, check your roof at least once a year. Be on the lookout for issues like:
If you notice any of these signs, act immediately to prevent further damage and potentially costly repairs.
There you have it. Proven tips on how to avoid water damage in your rental property. Make it a habit to inspect your property on a regular basis to ensure everything works as it should.
Regular inspections help ensure everything is functioning properly while also identifying signs of
tenant damage and the natural progression of
wear and tear. By addressing these issues early, you can prevent minor problems from becoming costly repairs.
If you need any help carrying out inspections or with any of your property management needs, consider partnering with C&C Property Management. We are a full-service property management company that can help you achieve all your investment goals.
Corporate Office
C&C Monterey PM Inc. DRE 01526734
Kyle Chernetsky DRE 01928366
Kevin Cesario DRE 01953086