Circuit Breaker Finder
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In Part 1 of this series we discussed the reasons why every business, including the real estate rental business, should have a disaster plan and the preliminary steps to take toward developing a plan and in Part 2 we briefly discussed the development of a plan. In this final part of the series we briefly discuss some additional issues related to developing and implementing a plan.
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Planning and protection of the people in your business are critical components of your disaster plan. Employees, customers (tenants), clients, and your family deserve your best attention. A disaster plan demonstrates your concern for their welfare and safety and your efforts to protect their interests.
Families will always have concerns for the safety of their loved ones. Whether a business owner or an employee, letting families know of your safety and whereabouts is an important procedural part of your disaster plan.
When a business experiences a disruption or closure, customers (tenants), clients, and vendors are naturally concerned how that might impact their business. Property management company clients will want to know about their properties. Vendors will need to know whether to show up as previously scheduled.
Landlords and property managers have people to think about that most other types of businesses don't have - tenants. Without tenants there will be no income for either the owner or the management company even though many of the expenses will continue.
Thinking about the tenants will be of benefit in several ways. First, tenants will feel that the landlord is concerned about their safety, health, and/or security, potentially improving landlord-tenant relations. Second, it will probably provide some protection from liability in case of actual occurrence of an event for which education was provided. Third, it may reduce risk of damage to your property.
Just as discussed above, basic emergency telephone numbers should be made available to new tenants and during a move-in orientation session or the move-in inspection, the landlord or property manager should provide instructions for water and gas shut off valves, circuit breakers, fire extinguishers, smoke alarms, or other equipment.
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How to - Circuit breaker tester, tracer and finder part 1 of 2
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