If You're A Multifamily Real Estate Investor Then You Need To Be Aware Of Houston Multifamily Insurance Liabilities
Houston Multifamily Insurance Liabilities Can Include Bed Bugs, As Well As Slips And Falls
Houston Multifamily Insurance Liabilities can seriously impact your real estate investment. Not only can they create a potential problem with the reputation of a multifamily property, making it harder to fill up capacity, but it can also lead to potential lawsuits as well.
Here's the ones you need to be aware of:
Houston Multifamily Insurance Liabilities: Bed Bugs
Bed bugs can be an extremely problematic occurrence, as they are not only hard to treat once they make their presence known, but they can also be a major liability. This can be especially true if the tenant claims that the bedbugs are a result of negligence by the property itself, such as failing to conduct routine insect sprays.
The primary goal for any real estate investor is to minimize risks as much as possible. Thus, it is important for you to not only have the property sprayed regularly, but it is also necessary to keep all documentation to showcase the fact that you did your due diligence.
Houston Multifamily Insurance Liabilities: Slips and Falls
Another important liability to keep track of is slips and falls, which can occur because of a wet surface, stairs, and any number of hazards. These can become major liabilities and can potentially lead to lawsuits, should the tenant become injured as a result.
The primary way to circumnavigate the potential for slips and falls is to ensure that the property is properly maintained and that signage is always posted, alerting tenants of any potential hazard.