The question of fire safety in your Rigby single-family rental house is a relevant one. As an investment property owner, you need to be sure that your property is not only safe and in good condition but that you have good fire prevention measures in place, likewise. Plenty of property owners appreciate the value of opting to use smoke and carbon monoxide detectors in their rental homes and make it a point to maintain them each and every year. However, what about fire extinguishers? Despite that there are very few laws requiring property owners to provide them, there are some very relevant reasons.
As a property owner, you know that complying with all state and local regulations is a significant part of keeping your rental home safe and profitable. Although the most successful property owners don’t merely adhere to the letter of the law. Instead, it is essential to consider what is best for you, your tenants, and your investment. As a general rule, whatever action will make your property safer and easier to rent to quality tenants is something you should do without fail. Among the most essential of these is installing fire extinguishers in each of your rental homes.
When used at once and properly, fire extinguishers are proven to help prevent property damage and personal injury. Once small household fires occur, they are, in many cases, easily containable if the right tools to put them out are close at hand. There are many different kinds of fire extinguishers designed to put out different types of fires. The most well-liked type of fire extinguishers favored for general household use will put out all sorts of fires. When you’re selecting an extinguisher for your rental properties, it is equally relevant to choose one light enough to lift, aim, and spray readily. This is why general-purpose, user-friendly models are the best option for rental properties.
When coupled with tenant education, offering at least one fire extinguisher to your Rigby rental could save you thousands of dollars. The National Fire Protection Association reports that there are more than 355,000 residential fires in the U.S. year by year, causing $6.9 billion in property damage. Even in the case, you expect that your insurance will aid you repair or replace your rental home if ever there’s a fire, but that often doesn’t include the lost rental income or the higher insurance premiums you are quite possibly required to pay after making a claim.
On top of that, and perhaps most of all, fire extinguishers can save lives. Household fires cause an average of 2,600 deaths every year, as well as over 11,000 injuries. As a property owner, your tenants’ safety while they are in the rental home is your responsibility. Together with teaching your tenants what to do in the event of a fire and bestowing them with the right tools to extinguish small fires when they begin, you can make sure that no lives are lost in your rental home.
There are other correct reasons to provide fire extinguishers to your tenants. When you give fire extinguishers to your tenants, you demonstrate a genuine concern for their safety that goes beyond simply following the law. This can let you build a good rapport with your tenants, encourage them to participate more willingly in property maintenance, and even persuade them to stay in your rental house longer. All of these can lead to higher long-term profitability for your rental.
Together with smoke detectors, fire extinguishers are an important part of any property owner’s tool kit. But truth be told, there are significantly more things that you can carry out to create safe and appealing rental properties in Rigby. Are you looking to learn more? Contact our team today online!
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