Article Summary: What to Do After Your Rental Property Has a Fire

Key Points:

– The first step is to check on the tenants to ensure their safety and well-being.
– Contact your insurance company right away to report the fire and begin the claims process.
– Document the damage by taking photos and videos of the property.
– Don’t enter the property until it has been deemed safe by the fire department.
– Keep all receipts for expenses related to the fire for insurance purposes.
– Consider finding temporary housing for your tenants if the property is uninhabitable.

Hot Take:

Dealing with a house fire at your rental property is no joke, but with quick thinking and thorough documentation, you can navigate the aftermath like a pro. Remember, in the midst of chaos, a little organization can go a long way!
Original article: https://www.biggerpockets.com/blog/rookie-430