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9 Quick Tips on Keeping your Rental Properties Safe

 

When you own rental properties it is important to keep a few basic things in mind to ensure not only the safety and security of the property but also to minimize safety risks for your tenants.

#1 First and foremost protect your own investment by having the proper insurance coverage and liability insurance that protects your asset and protects you as the owner.

#2 Check your city and state ordinances to make sure that you are following minimum requirements for safety and security of your property.

#3 Provide good outdoor lighting sources. Having exterior lighting that is strategically placed can deter any unwanted prowlers around the home.

#4 Install heavy duty, durable doors with deadbolts. Providing a steel door with a good deadbolt system can prevent break-ins from happening.

#5 Make sure all the windows are able to be locked and have proper screens or storm windows.

#6 Have a routine maintenance schedule that checks the furnace, water heater, wiring to make sure that these things are all working and non hazardous.

#7 If your rental property has a fireplace it is essential to have it cleaned out or inspected frequently. This can prevent a tragic fire or smoke damage in the home.

#8 Remind your tenants of the importance of smoke and CO2 Detector battery checks on a regular basis.

#9 If your property is in questionable area then consider installing amonitored alarm system.

Keeping aware of these items can make the difference for both you and your tenants in how safe your properties are and show the level of care that you provide in your properties AND your tenant safety.

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Jacob Blackett

Originally from Reno, Nevada, Jacob began his real estate career in 2010 as a sophomore at the University of Nevada, Reno, when he bought and sold his first two residential “fix and flip” properties in Southern California.

In 2014 Jacob founded Holdfolio and by the end of 2019, Holdfolio had amassed a rental portfolio of 141 single-family homes and 412 apartment units. At this time Holdfolio was fully vertically integrated, meaning they were operating every aspect of the investment cycle which included acquisitions, procuring bank loans, raising capital from investors, running a full-service property management company, a licensed construction company, and performing their own asset management.

Fueled by low interest rates and strong rent growth, real estate values increased steadily and dramatically between 2010 and 2020, and by early 2020 Holdfolio could not pay as much as other firms on new acquisitions. Jacob took this as an opportunity to sell all of Holdfolio’s holdings and pivot the business model to see more deal flow and invest with much larger and more experienced firms, which is how Holdfolio operates today.

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Ready to invest in real estate?

We make real estate investing simpler, more transparent, and accessible to individual investors.