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How Climate Change Is Affecting Property Management

How Climate Change Is Affecting Property Management
If you think that climate change has nothing to do with property management, think back to the last time you experienced a weather event at your managed properties. Hurricanes, blizzards, droughts, deep freezes, and other weather events can affect the property and units. To be prepared, property managers must anticipate how climate change will impact their buildings and plan for protection. The Real Effects of Climate Change While the debate on climate change continues, everyone can agree severe weather can cause real, lasting damage to property assets. Imagine the effects of a flooded basement where renters have stored their things, or where your common laundry facilities are located. Or consider how a wildfire brought on by drought and dry weather could ruin your landscape and your apartment in a worst-case scenario. The best way to protect your property is to understand the risks you face and be prepared. Consider the different weather events that could impact you, and then plan ahead. Do a test run of your disaster recovery strategy to make sure everything works. If you’re nervous about flooding, for example, you may relocate expensive equipment to higher ground or perform preventative maintenance. By safeguarding gutters and downspouts, cleaning drains regularly, patching cracks in the foundation, and installing a sump pump, you can mitigate water damage. For added insurance, invest in a wet vac or set up a priority arrangement with a local water damage company.  Since flooding may disrupt electrical systems, install a generator. With many disasters, time is o......
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