Is Your Rental Property Safe From Ghouls and Goblins This Halloween?


By Brianna Bobola, Marketing Writer, B2R Finance

We’re looking forward to a spooky night of fun this Halloween, but unfortunately for property owners, it could also be the stuff of true nightmares. Halloween has the highest number of vandalism claims from property owners than any other day of the year, according to the Property Casualty Insurers Association of America.

“November 1st is a busy day for insurance adjusters given that more vandalism claims are filed on Halloween than any other day of the year” said Christopher Hackett, PCI director of personal lines policy. “Halloween 2015 comes on a Saturday night so there will be more festivities, more cars and more little zombies dodging cars on dark streets. The fun of Halloween also brings more risk of auto and homeowner claims.”

Rental property investors will want to keep their tenants and property safe from hazards while also protecting themselves from unnecessary legal liabilities. Here are a few tricks to make Halloween safe and enjoyable for all:

  1. Light up the night. Install motion-activated floodlights on the corners of your rental homes and garages so vandals have nowhere to hide. Install them near stairwells and walkways at multi-families. This is an essential home safety step for every day of the year, not just on Halloween night.
  2. Send out a safety tip sheet to tenants. Advise tenants to keep all pets securely in the house when trick-or-treaters arrive, and to keep their cars parked in the garage or at least in a well-lit area. Encourage tenants to use battery-operated candles in their decorations, and to make sure walkways are clear of obstacles and any wet, slippery leaves. Also use this as an opportunity to let your tenants know of any city and community-sponsored Halloween events.
  3. Secure rickety railings. Young children, and the adults who often accompany them, will need the security and support of railings while climbing steps to get to your rental’s front door. Also ensure walkways are clear and accessible.
  4. Check the fire alarm. With candles setting a spooky mood and so much electricity used to fire up decorations, you’ll want to be sure the smoke alarms are working correctly, just in case!

Some simple preparations like those mentioned above can make this a holiday your tenants will enjoy while keeping themselves and your property investment safe.

B2R Finance offers rental investors innovative lending products to help unlock equity from existing portfolios and provide the cash needed to build rental portfolios nationwide. For more information about how B2R can help you obtain rental property financing, just call 800-227-8107 or visit http://www.b2rfinance.com/apply-now and follow us on Twitter @B2RFinance.

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.

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.