Insights and tips on how to protect your property, giving you and your guests peace of mind.
Fireworks are a staple of the Fourth of July and many other celebrations, but remember to take precautions to ensure your rental property is safe and accident-free. To help answer the question, “Should I allow fireworks at my property?” we’re discussing the risks and alternatives to fireworks.
As a rental property owner, it’s crucial to take the time to routinely address potential safety risks on your property. After all, even seemingly minor household issues—such as stray cords, dust buildup or leaky faucets—can spiral into significant problems if left unnoticed. By conducting an annual safety audit, you can help keep your property safe and secure—reducing the risk of guest injuries, lawsuits, property damage and costly insurance claims.
No property owner wants to hear the dreaded words that they have mold. Once inside your rental property, mold needs a moist food source, such as lint, ceiling tiles or wallpaper to grow on. Mold not only damages your property, but it can also cause serious health complications after long-term exposure.
It only takes an inch or two of water to cause major damage to a home. Floods are one of the most common natural disasters in the United States. Even small streams, gullies, creeks, culverts, dry streambeds, or low-lying ground that appear harmless in dry weather can cause big problems when it floods.
Unfortunately, losses alleging landlord negligence are not uncommon and can be quite costly, according to Advisen loss data. Read on to learn which types of landlord losses are most common and how to avoid them.
As the warmth of spring approaches, it’s easy to forget the effect that harsh winter weather may have on your vacation rental. A bit of spring maintenance now can prevent costly repair bills later and there is no better time to take a look around and see how best to protect your property from hazards.
Few things can cause as much dread for a vacation rental property owner than the words “You’ve got bed bugs!” Taking preventive measures can help you avoid the aftermath of a bed bug infestation, but despite your best efforts, the nature of your business means you’re at risk.
As a vacation rental homeowner or property manager, the last thing you want to hear is a guest was injured at your property. Unfortunately, injuries can and do happen. Depending on the circumstances, your guest may believe you bear some responsibility for his or her injuries. Of course, being accused of negligent or intentional acts that led to a guest’s injuries does not necessarily mean you are responsible.
Owning and operating a short-term rental property can be rewarding. However, owners have to manage numerous exposures related to lodging, and many offer amenities that can dramatically increase the number of risks. Assessing your exposures and taking the appropriate precautions can go a long way toward protecting your business.
When starting a vacation rental business, there are many things you have to consider. Though it’s an exciting and profitable business, it constantly needs care and must operate like a traditional business. To help reduce the chance of headaches you may have when starting out, we’ve compiled our best tips for getting started on the right foot.