When you work in real estate management, your daily work is never done. Every moment there could be a new problem that you need to be preparing for, or a new problem that you have just found out about that you need to deal with, or a problem from the past that has recurred again. There is a reason that many of the people that go into real estate management are natural born leaders – because we are the ones trying to mobilise everyone to fix a problem! That is why more and more people within the profession are moving towards the idea that prevention is a lot better than cure. There are some things that are much easier to prepare for than others, and one of the those – and one that you should definitely be making a priority –is water damage.
Anyone who has seen or smelt water damage knows that it is bad news, and can be incredibly costly in both time and money when it comes to repairing the damage. First comes the drying stage, which could take months and will not only remove the possibility of anyone staying there, but also remove your ability to collect rents on the property. Then the structural teams will have to get in there to make sure that it is safe for people to go back inside the property. Then comes the removal of all that mold that would undoubtedly have begun to grow in the dampness of the property. And then, last but by no means least, the restoration teams move in to try and attempt to bring the property back to where it was, sorting out the fixtures and fittings, and then furnishing it all.
Wouldn’t it be better if you did not have to do any of that because you had already prevented it from happening? It would certainly save a lot of money and a lot of your time, so here are some simple yet very effective water damage prevention tips that you can use on the properties that you manage:
1. Ensure the insulation standards are high
Many properties will actually flood from the inside out because the level of insulation on the pipes was not sufficient, causing them to crack in the cold winter and then burst. This is such an easy way to prevent water damage, so make sure you do a winter check to insulate them properly.
2. Know when the buildings are going to be empty
A key problem of water damage is no one realising that there is a water leak or water leaking into the property until a huge amount of damage has already been done. If one of the properties that you manage is going to be vacant for a while, you should know about it so you can check on it regularly.
3. Spot it, sort it
This is the number one mistake that most people make when it comes to water damage: when you spot it, sort it out right then and there! Don’t leave it for another day, because every minute that that water damage continues is going to be another hour of water damage restoration.