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Is Your Rental Property a Potential Hazard to Your Tenants?

Winston-Salem Tenant Looking at Mold in His Rental HomeAs a Winston-Salem landlord, you aspire for your tenants to feel safe and comfortable in their rental home. Although at times, potentially hazardous situations can occur unless you are applying specific precautions to avoid them. This article will discuss the three most common household hazards, many of which could really make your tenants unwell– or furthermore, even become deadly if left uncontrolled. To make sure that your rental property isn’t a hazard to your tenants, it’s vital to see and understand what those common household hazards are and how to prevent them.

Toxic Mold

Molds develop in moist areas where a food source, like cardboard or paper, is present. Mold, at all times, brings about a musty smell, which is normally the primary sign most people notice. There are a lot of different kinds of molds, lots of which are nasty but not specifically harmful to people. Stachybotrys, or black mold, on the flip side, can produce allergic reactions and other symptoms in those sensitive to their spores. The most severe problem directly caused by toxic mold is respiratory distress and, in extreme cases, anaphylactic shock.

The good thing to know is that preventing mold from growing in a rental home is relatively easy. Just running an exhaust fan in steamy bathrooms, airing out the house, or installing a dehumidifier in the basement can all keep mold away from your property. But, if you do detect black mold, it’s necessary to call in a professional who can remove it safely– and effectively fix the source of the moisture causing the mold in the first place!

Asbestos

There’s not the slightest doubt that asbestos is a big problem, mainly for older rental homes. But in fact, as long as the asbestos is enclosed within walls or other closed areas, it’s relatively harmless – as long as it’s not disturbed. If you have asbestos in your rental property walls, you have to be certain that your tenant knows not to drill holes or otherwise make openings in the walls, even to pound in a nail. Take note, even small openings could get asbestos to get inside the home and cause mesothelioma cancer.

Asbestos removal requires the use of licensed professionals to prevent asbestos-related illnesses; you should not try to remove it yourself or allow anyone without the right equipment to do so.

Fire

Household fires are a common case in the United States. It is calculated that an average of seven people die every day from house fires. Oil and other ingredients cause cooking fires, while dryer lint is the major culprit of fires that start in the laundry room. Faulty appliances, electrical issues, and neglected lighted candles are other primary contributors to household fires.

To prevent fires in your rental home, there are many things you should carry out. First, do what you can to make sure that your rental home is free of electrical issues, and have the dryer vent cleaned annually. Second, educate your tenants on fire safety, and provide them with fire extinguishers, working smoke detectors, and other necessary equipment. By doing these trouble-free measures, you can, most importantly, decrease the possibility that your rental property will go up in flames.

 

While doing research on every potential income property is a lot of work, Real Property Management of the Triad can help lighten your load. We offer free rental property analyses for investors, which can help you more easily identify whether the income property you want to buy is a profitable option. Contact us online or call us at 336-355-6677 or 336-777-7444 to learn more!

We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.