Your tenants pay for wear and tear after you've deducted the amount from their initial deposit. Tenants who occupied your property and left right after a heavy rainstorm might not receive their initial deposit because of the roof's possible damages. As a result, landlords have renovation cash on hand in any case.
Some landlords immediately reinvest this cash for roof replacements. We highly agree that this is a wise choice because your roof might face further hazards in the future. However, we also agree that roof replacements aren't always necessary.
Your roof's overall condition is the first anchor of roof replacement decisions. Professional roofers can perform inspections and give you complete insight into your roof's condition. As a result, you get an accurate picture of your roof's condition after your tenants leave and get to make the best call for roof repairs or replacements.
However, having regular roof maintenance during your tenant's stay guarantees that your roof is in excellent condition with 95-98% wear and tear damage. Therefore, you can call your roofing specialists only after a heavy rainstorm creates leaks on your roof.
On the other hand, you might need to have roof replacements during your tenant's stay. Here are some excellent guidelines you can follow, according to SunVek.
DOES THE ROOF NEED AN IMMEDIATE REPAIR OR REPLACEMENT?
What constitutes an emergency? Do you need to immediately replace the roof? In general, roofing is an issue of habitability. If the roof’s condition means that the property is no longer safe to live in, it’s your responsibility as the landlord to replace it. If you don’t replace it, your tenant may start withholding rent (and paying it into an escrow account) or file a complaint with housing authorities, which could result in an official investigation.
If a roof is leaking, you likely need to get it fixed or replaced. A leaking roof may eventually lead to mold and mildew, which can be a health concern. Mold, mildew, and other consequences of roof leaks may result in costly damages to both your property and your tenant’s.
If a roof is structurally damaged, it needs to be replaced or repaired immediately. It could present a danger to the occupants.
However, if a roof is simply old and coming up on being replaced, that doesn’t mean you need to replace it immediately. You can wait until the current lease is up and then complete the repairs before signing another lease. An old roof by itself is not an issue of habitability unless the roof is damaged to the point where it could become a danger.
CONTACT YOUR INSURANCE COMPANY
As a landlord, you should have a “Landlord’s Policy.” This is a type of homeowners insurance policy that is specifically targeted towards landlords. If your roof recently experienced damage, it’s likely that your insurance company will cover that damage. Part of that damage includes the fact that the tenants won’t be able to stay in the home while the roof is being replaced or repaired. (Continued)
Slavin Home Improvements is always here to help you repair and maintain your roof in Farmington, CT, to its optimal state. Contact us today to learn more about everything that we can do for you.