The topic of fire safety in your Honolulu single-family rental house is an essential 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? Despite not being mandated by many laws, property owners must see the wisdom in having fire extinguishers.
As a property owner, you already know that keeping with all state and local regulations is vital to keeping your rental home safe and profitable. Nevertheless, most booming property owners don’t just follow the letter of the law. You need to weigh things out in order to do what’s best for you, your tenants, and your investment. In short, if you can do something to make your property safer and easier to rent to quality tenants, you should do it. A significant example would be installing fire extinguishers in your rental homes.
When used rapidly and properly, fire extinguishers are proven to help prevent property damage and personal injury. Tenants can generally contain household fires if they are only equipped with the right tools to deal with these situations. There are a variety of fire extinguishers configured to put out different types of fires. A typical fire extinguisher designated for general household use will most likely fulfill your needs. When selecting an extinguisher for your rental properties, picking one light enough to lift, aim, and spray easily is vital. Hence, general-purpose, user-friendly models are the best choice for rental properties.
Paired with tenant education, furnishing your Honolulu rental with at least one fire extinguisher could spare you potential unnecessary costs. 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.
Beyond that, 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 concern and duty. Making sure that your tenants know what to do in case of a fire is good, but so is equipping them with the necessary tools to extinguish small fires when they start. This can lead to an assurance that no lives are lost in your rental home.
Giving your tenants access to fire extinguishers can prove to be very beneficial, for many reasons. When you provide fire extinguishers to your tenants, you’re showing them that you care for their safety and that you’re not just doing it to follow the law. This leads to building good rapport with your tenants, promoting responsibility for property maintenance, and maybe even encouraging them to stay longer in your rental house. Long-term profitability for your rental is what these can lead to.
Fire extinguishers and smoke detectors are an essential part of any property owner’s tool kit. However, there are several things that you can do to create safe and appealing rental properties in Honolulu. Would you like to learn more? Contact our team today online!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
