It’s 2 a.m. and the phone is ringing. You know before picking it up that within ten minutes you’ll be fully dressed and in your car, on the way to take care of an emergency repair at your property. It’s the nature of the beast, right?
No matter how well you maintain your rental property, water heaters leak, air conditioning units fail and pipes burst. But, what constitutes a true emergency may be a matter of differing opinion – yours and your tenant’s.
If it affects the habitability of the property, or if it’s a health or safety issue, rest assured that it’s an emergency.
If you get a call from a tenant that the roof is leaking, it’s an emergency. The experts at HomeAdvisor.com suggest that most roof leaks stem from some common problems such as missing shingles and faulty step or pipe flashing.
Take the steps to prevent small roof problems from mushrooming into disastrous failures.
Professional roofers offer these maintenance tips:
Roof repairs can cost between $150 and $4,000 but the average cost to a homeowner, nationwide is $784. If you, as the landlord, don’t make the repairs, and allow the problems to continue, you can look forward to paying between $2,000 and $12,255 (or an average of $6,637) to replace the roof when it’s no longer functional.
A leaking toilet can waste up to 90,000 gallons of water in just one month and can add $500 to a single water bill. Still think a minor toilet leak isn’t an emergency?
Ok, so maybe it isn’t the drag-you-out-of-bed-at-a-ridiculous-hour type of emergency, but since even minor leaks affect your bottom line, they require prompt attention.
What does constitute a plumbing emergency?
In fact, anything that causes immediate water damage should be considered an emergency. After all, the average insurance claim for the water damage caused by a burst pipe, for instance, is about $5,000, according to House Logic.
Again, routine inspection and maintenance goes a long way in the prevention of plumbing emergencies. Here are a few ways to prevent some of the more common ones:
The National Fire Protection Association (NFPA) estimates that in 2011, 47,700 home fires were caused by electrical failure or malfunction. Not only did these fires result in 418 deaths, but 1,570 injuries and property damage in excess of $1 billion, or about $13,000 per incident.
So, what constitutes an electrical emergency? Sparking outlets or an outlet that is hot to the touch, and flickering lights may sound minor but they are also symptoms of a larger, more dangerous problem.
When an emergency does occur, it pays to have established relationships with reliable vendors. Cultivate these relationships so that common maintenance emergencies are handled smoothly, safely and professionally.
Powered by WPeMatico