3 Ways to Keep Your Investment Property Safe

steelbridge realty llc

Owning a rental property comes with a long list of liabilities. Techniques to keep your investment property safe investment safe is a priority for you as the owner, as well as for the tenants who use your property! Knowing the local laws for rentals, being prepared for emergency financial costs, and outfitting your home with proper safety measures will allow you the confidence you want in your investment.

Ways to Keep Your Investment Property Safe: Know the Laws

Be aware of your responsibility as a property owner or “landlord”. According to Law Depot, ignorance of these rules can result in damage to your property, a decrease in property value (or even an inability to rent the space out to residents), or legal issues between you and your tenants. Do your research! Know what precautions you need to take, what the zoning laws are in your area, and what you are required to provide in your property as dictated by your regional housing codes.

Be Prepared

The initial purchase of any property is not the end (by far) of your financial responsibilities to that property. From natural disasters to accidents to residential negligence, to the natural wear and tear of time, damage accumulated to your investment is inevitable. Be prepared with sufficient and thorough insurance coverage! According to Harbor Insurance, making sure you’re properly covered at the lowest rate available should be a top safety priority. Be wise with your insurance choices—you don’t want to be taken advantage of with expensive packages and policies—but be comprehensive in what you procure coverage on. Hazard and fire insurance, flooding insurance, sewer insurance, and broad insurance like loss of income or general contractor insurance can save you from costly accidents in the future.

Ways to Keep Your Investment Property Safe: Outfit Your Home with Protection

Identify the vulnerable spots on your property (they differ from house to house!) Once you have accounted for every breakable, intrudable spot on your exterior, implement appropriate precautions to reinforce their strength. According to Mashvisor, you should invest in security measures like full security systems, solid bolting for your entrances, blinds, and curtains to impede prying eyes, and outdoor lighting that will ward off tempted burglars. Pay attention to hazards within the house as well: fire hazards, functional appliances, and alarms, mold growth, plumbing concerns, etc. Consider hiring a property inspector to fully evaluate the condition of your home, as they are trained to notice the issues you may otherwise overlook.

 

Take care of this investment that you are counting on to be lucrative! This requires some time and funding, but the safe and secure outcome will be well worth it.

 

Read this next: 3 Challenges You’ll Have to Deal with in Real Estate Investing

 Steelbridge Realty LLC  is a Licensed Real Estate Brokerage that utilizes cutting-edge marketing techniques and data-driven Real Estate solutions in today’s ever-changing environment. Our group of professionals have decades of experience and have navigated through many business cycles. Our diverse background gives us the tools to guide people towards successful decisions.

 



 

$5,600,000
Single Family Home For Sale
Pending
5
BEDS
6
TOTAL BATHS
7,000
SQFT
3336 West Riverside Dr
Fort Myers, FL 33901
Riverside Subdivision
New Listing - a week online
$1,795,000
Land For Sale
Active
0.4175
ACRES
LEE
COUNTY
3508 Stuart Ct
Fort Myers, FL 33901
York Manor Subdivision
$5,800,000
Land For Sale
Active
1.3945
ACRES
LEE
COUNTY
1215 & 1233 Braman Ave
Fort Myers, FL 33901
Fort Myers Subdivision
$15,950,000
Single Family Home For Sale
Active
4
BEDS
9
TOTAL BATHS
10,033
SQFT
1240 Coconut Dr
Fort Myers, FL 33901
Palm Gardens Subdivision
New Listing - 2 weeks online
$890,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
3,467
SQFT
1249 Osceola Dr
Fort Myers, FL 33901
Riverside Subdivision
$750,000
Single Family Home For Sale
Pending With Contingencies
4
BEDS
2
TOTAL BATHS
2,173
SQFT
1250 Braman Ave
Fort Myers, FL 33901
Becklers Riverside Add Subdivision
$2,450,000
Single Family Home For Sale
Pending With Contingencies
3
BEDS
4
TOTAL BATHS
3,138
SQFT
1209 Coconut Dr
Fort Myers, FL 33901
Fort Myers Subdivision
New Listing - 2 weeks online
$1,595,000
Single Family Home For Sale
Active
4
BEDS
5
TOTAL BATHS
3,848
SQFT
1266 Gasparilla Dr
Fort Myers, FL 33901
York Manor Subdivision
Price Change - 17 hours ago
$620,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,503
SQFT
1362 Braman Avenue
Fort Myers, FL 33901
Becklers Riverside Add Subdivision
$1,995,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
4,684
SQFT
3232 Mcgregor Blvd
Fort Myers, FL 33901
Riverside Subdivision
New Listing - 3 days online
$1,377,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
3,589
SQFT
1344 Shadow Ln
Fort Myers, FL 33901
Country Club Estates Subdivision
$475,000
Single Family Home For Sale
Pending
4
BEDS
2
TOTAL BATHS
2,542
SQFT
1377 Coconut Dr
Fort Myers, FL 33901
Palm Gardens Subdivision
Price Change - 3 days ago
$650,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
1,950
SQFT
1250 Sunbury Dr
Fort Myers, FL 33901
La Chelle Manor Subdivision
$6,000,000
Single Family Home For Sale
Active
5
BEDS
5
TOTAL BATHS
7,719
SQFT
2844 Valencia Way
Fort Myers, FL 33901
Lynns Add Subdivision
New Listing - 5 hours online
$989,000
Single Family Home For Sale
Active
3
BEDS
3
TOTAL BATHS
2,829
SQFT
1388 Shadow Ln
Fort Myers, FL 33901
Country Club Estates Subdivision
Price Change - 2 weeks ago
$499,000
Single Family Home For Sale
Active
3
BEDS
4
TOTAL BATHS
1,784
SQFT
1414 Alhambra Dr
Fort Myers, FL 33901
Fort Myers Subdivision
New Listing - 3 weeks online
$5,900,000
Single Family Home For Sale
Active
5
BEDS
6
TOTAL BATHS
5,093
SQFT
3914 W Riverside Dr
Fort Myers, FL 33901
Fort Myers Subdivision
Price Change - 4 days ago
$1,385,000
Single Family Home For Sale
Active
4
BEDS
4
TOTAL BATHS
4,848
SQFT
1434 Alhambra Dr
Fort Myers, FL 33901
Palm Gardens Subdivision
New Listing - 4 weeks online
$3,500,000
Single Family Home For Sale
Pending With Contingencies
5
BEDS
6
TOTAL BATHS
3,470
SQFT
3954 W Riverside Dr
Fort Myers, FL 33901
Seminole Estates Subdivision

 

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