The matter of fire safety in your Burlingame single-family rental house is a crucial one. As an investment property owner, you want to know that your property is not only safe and in good condition but that you have good fire prevention measures in place as well. A lot of property owners recognize the worth of having smoke and carbon monoxide detectors in their rental homes and make sure to maintain them every year. But what about fire extinguishers? Even though there aren’t a lot of laws requiring property owners to have fire extinguishers, there are benefits to having them.
As a property owner, you already know that observing state and local regulations is of paramount importance to keep your rental home safe and profitable. And yet, the most successful property owners don’t just follow the letter of the law. It’s wise that you think carefully about what is best for you, your tenants, and your investment. If it involves anything to make your property safer and easier to rent to quality tenants, go for it. A good way to go about that is, for example, installing fire extinguishers in each of your rental homes.
When used swiftly and appropriately, fire extinguishers are proven to help prevent property damage and personal injury. Should a household fire occur, it can be easily contained if only the proper tools are at hand? There are a variety of fire extinguishers configured to put out different types of fires. A regular fire extinguisher designed for general household use will most likely put out all kinds of fires. When considering an extinguisher for your rental properties, take into account if it’s light enough to lift, aim, and spray easily. Hence, general-purpose, user-friendly models are the best choice for rental properties.
When done with tenant education, providing at least one fire extinguisher at your Burlingame rental property 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. every year, causing $6.9 billion in property damage. Even if you assume that your insurance will help you repair or replace your rental home in the event of a fire, that usually doesn’t include the lost rental income or the higher insurance premiums you are likely to pay after making a claim.
In addition, 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 obligation. When you teach your tenants how to respond to a fire, and equip them with the right tools to extinguish small fires, you make sure that no lives are lost in your rental home.
Equipping your tenants with fire extinguishers has multiple benefits. Providing fire extinguishers to your tenants speaks of your genuine regard for their safety that extends beyond just following the law. This promotes good rapport with your tenants, inspires collaborative property maintenance, and encourages tenants to want to stay longer in your rental house. These are necessary for building higher long-term profitability for your rental.
On top of smoke detectors, fire extinguishers are an essential part of any property owner’s tool kit. Although, there are multiple ways to create safe and appealing rental properties in Burlingame. Would you like to learn more? Contact our team today online!
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