Managing rental properties can be a lucrative business, but it also comes with its share of risks. Whether you’re showing a property to prospective tenants, performing inspections, or handling maintenance issues, personal safety should always be a priority. Here are some essential safety tips tailored for rental property business owners.
1. Screen Tenants Thoroughly
Tenant screening is your first line of defense. Conduct comprehensive background checks, including credit, criminal, and eviction histories. A thorough vetting process can help ensure you’re renting to reliable individuals and reduce the chances of encountering dangerous or untrustworthy tenants.
2. Always Let Someone Know Your Schedule
Whether you’re showing a property, meeting a contractor, or performing an inspection, always inform a trusted colleague, friend, or family member about your plans. Share the address, expected duration, and who you’re meeting. This simple step ensures someone knows your whereabouts in case of an emergency.
3. Schedule Showings Strategically
Avoid scheduling showings after dark or in isolated areas. Whenever possible, arrange appointments during daylight hours when the neighborhood is active. Additionally, try to schedule multiple showings in the same time slot to create a safer environment with more foot traffic.
4. Trust Your Instincts
If something feels off about a situation or person, trust your gut. It’s better to reschedule or cancel a meeting than to put yourself at risk. Developing a good sense of judgment can often help you avoid potentially dangerous scenarios.
5. Carry Personal Safety Tools
Consider carrying personal safety devices such as:
- Pepper spray
- A personal alarm
- A flashlight (many now come with built-in alarms)
Ensure these items are legal in your area and that you know how to use them effectively.
6. Use Technology to Your Advantage
Technology can enhance your safety in several ways:
- Video Calls: Offer virtual tours of properties to minimize in-person interactions.
- Smart Locks: Install smart locks to provide temporary access codes for contractors or potential tenants.
- GPS Tracking Apps: Use apps like Life360 to allow someone to track your location during meetings.
7. Maintain a Safe Distance
When showing properties, always keep a safe distance. Allow prospective tenants to explore rooms on their own while you remain near the exit. This positioning ensures you have a clear escape route if necessary.
8. Park Strategically
When visiting a property, park your vehicle in a well-lit, accessible location. Avoid parking in areas where your car might be blocked in, and always lock your vehicle. Make sure you have a clear, quick path to your car in case you need to leave quickly.
9. Build a Network
Collaborate with other property managers and real estate professionals to share tips and safety experiences. Being part of a community can help you learn from others and stay informed about potential risks in your area.
10. Take a Self-Defense Course
Enrolling in a self-defense class can boost your confidence and prepare you to handle potentially dangerous situations. Many local organizations and gyms offer courses tailored to personal safety.
11. Keep Emergency Contacts Handy
Save essential phone numbers in your phone, including:
- Local police department
- A trusted friend or family member
- Your property management team
Additionally, familiarize yourself with the nearest police station or emergency services near your rental properties.
12. Use Property Management Companies
If managing properties directly feels too risky, consider hiring a property management company. These companies handle tenant interactions, maintenance, and inspections, reducing your direct involvement.
Final Thoughts
While the rental property business can be rewarding, it’s crucial to prioritize your personal safety. By following these tips, you can minimize risks and focus on growing your business with confidence. Remember, no task is worth jeopardizing your well-being. Stay safe and proactive!
