There are many possible problematic situations when it comes to being a landlord, a fact that deters many people from investing in property. Natural disasters are unfortunately becoming more and more frequent, and being prepared and educated for a variety of natural hazards is a must for landlords.
Recent tragedies from Mother Nature include the wildfires in California in 2018. The Camp Fire in Northern California destroyed more than 13,000 homes and displaced approximately 52,000 people, totaling at least $ 11 billion in residential losses. Making sure you, your tenants and your rental properties are prepared and insured is essential for when disaster strikes.
Find out how exactly to prepare for natural disasters and important insurance information on Forbes.com.