As another hurricane season is upon us in Central Florida, it’s time to think about how to prepare your Orlando rental properties, both physically and financially, to best minimize damage.
During this time, which officially begins on June 1st and ends on November 30th, the formation of tropical cyclones in the Northern Hemisphere is more likely – and unfortunately, in the past few years, the area has been plagued with its fair share of destructive storms.
That’s why the National Oceanic and Atmospheric Administration, or NOAA’s, prediction of a “near normal” hurricane season again this year is worrisome, as this indicates that between two and four hurricanes can be expected.
So as a rental property owner, what can you do to be ready for a potentially active hurricane season again in 2019?
At the top of your list should be a plan of communication between you and your tenant(s). That way, you can better ensure that everyone is on the same page. For instance, you should ideally have a plan for boarding up windows and other important prep – such as bringing patio furniture and other potential “flying debris” inside.
It is also recommended that you read over the homeowner’s insurance policy for your investment property(ies) to make certain that your coverage is up to date. That way, there will be no surprises if damage does occur.
While preparing for hurricane season – and coordinating details with your renters – can be somewhat time consuming, the time that it takes does not necessarily have to be yours. By hiring a property manager, you can easily delegate tasks like disaster prep, as well as rent collection, and regular property maintenance with a team of professionals.
For more details on how working with an experienced, local Central Florida property manager can help you to free up more of your time, while still benefiting from your real estate investment(s), contact us today.