How to Winterize Your Rental Property

Contributing Writer, B2R Finance | Landlords,Real Estate,Real Estate Investment

Winterize

The clocks have been turned back, the leaves are falling and the weather is getting cooler. Signs are all about that winter is just around the corner. It’s not too late to get your rental properties winterized to keep the cold air out and the warm air in, without breaking the bank.

Winterizing can prevent costly repairs — such as water damage from frozen and broken pipes. It especially makes good sense if, as a landlord, you pay the utility costs for your tenants.

Here’s a look at things that can be done to effectively winterize your rental homes:

  1. Use caulk or weather stripping to seal around doors and windows.
  2. Add insulation to the attic.
  3. Do annual preventative maintenance on your furnace. Have it professionally inspected to make sure it is operating correctly and safely.
  4. Make sure your ductwork is well connected and insulated. Clean the ductwork every few years to remove dust and pet dander.
  5. If your renters will be using a wood-burning fireplace, make sure the chimney is cleaned. The top of the chimney should have a chimney cap to protect the flue from precipitation and animals.
  6. Make sure your rental homes are outfitted with carbon monoxide monitors and replace batteries in smoke alarms. Make sure there is a fire extinguisher located on the property that is operational and easy to find.
  7. Wrap outdoor faucets and remove and store hoses.
  8. Use cellular blinds or thick curtains on windows for added insulation.
  9. Replace the furnace filter. A dirty filter can reduce heating efficiency.
  10. Clean out your gutters to make sure water flows away from the house, foundations and sidewalks and to prevent icicles in cold weather states.

Winterizing need not be time-consuming or expensive. It will pay dividends to landlords who may prevent costly damage from the cold and your tenants will appreciate your provisions for a safe and warm winter.

The information on this page is provided for informational purposes only and does not constitute investment, real estate, or legal advice. This information should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. No representations or warranties whatsoever, express or implied, are given as to the accuracy or applicability of the information contained herein. The information may be modified or rendered incorrect by changes in the marketplace or developments in the law, or for any other reason, and may not be applicable to any individual reader’s facts and circumstances.