Reasons Not To Leave Your Rental Property Vacant

​Your rental property might have been vacant for some periods of time in the course  of its life. But you should be wary about how long is too long. You must always aim to have your property rented most of the time. Or else, your property becomes vulnerable to risks that you might not be ready to face.

​Threats
If you are not mindful of these risks to your rental property, you’re in danger of losing it. It is your responsibility to find and determine the threats to your property, so that you will be able to make preemptive measures to avoid it.

1. Vandalism and Theft
   Break-Ins and vandalism are common to properties that are left vacant for too long. It will cost you a great deal to fix and replace everything that is broken and damaged.
   
   To your eyes, you might see an empty property. But to others who have other intentions, your property is a treasure trove. Burglars are highly interested with anything useful, like: Air conditioning units, light fixtures, copper wirings, and many others.
   
   
2. Informal Settlers
   A vacant property is very tempting to squatters. The danger in here for you as a landlord is, it is really hard to make them leave. If they don’t leave on their own, the only choice you have is to file a lawsuit. You cannot force them out as they may have a landlord-tenant rights as holdover tenants.
   
   
3. Fire
   Neglected properties are in risk of fire or arson. Under maintained heating system or plugged appliances can cause fires. Properties with no electricity might also be at risk from unwanted visitors setting fires unintentionally or intentionally.
   
   
4. Water Damage
   Leaks, broken pipes or flooding may cause a lot of damage to your property if not given urgent attention. This problems can cause havoc to your property that would cost so much to repair.

Solutions
There are a number of things which you can do to ensure that your vacant property remains in good condition for the next tenant.

1. Security System
   If you think that you are incapable or your schedule just won’t allow you to visit the property, you might want to install a security system. There are numerous options for you, like: alarms, camera, security lights and others.
   
   This way, you can watch and secure your property without needing your physical presence in it. Your system can warn you or fend off any break-ins into your property.
   
   
2. Turn Off Heating And Water
   This will help prevent fires and water damages from occurring. Schedule a visit to your property once in a while. This will help you spot any problems before it causes damage.

Vacancy on rental properties can sometimes be unavoidable. But there are a lot of ways you can preserve and maintain the good condition of your property. Protect yourself from property damage or loss, get a Landlord Insurance. Look for sources that are trustworthy and reliable. At Mauser & Tobin Co., Inc.​, we put our clients first by offering them policies that they can afford. Learn more about our products and services by calling our agency at (516) 747-0171. You can also request for a free quote by CLICKING HERE.