With the 2018 hurricane season starting June 1, what can owners and property managers do to ensure that their communities are as safe as possible in the event of a major storm? The most important step, industry professionals say: Have a plan in place.

According to Enterprise, an up-front investment in the long-term resilience of a housing property yields financial protection against future losses. Each dollar invested in pre-disaster mitigation leads to an average $4 savings from avoided damages, as stated in Enterprise’s report Strategies for Multifamily Building Resilience.

Relocating electrical panels, mechanical equipment, gas and electric meters, and shut-offs to higher ground can pay dividends in the long run. Moreover, sealing cracks or openings in walls and the foundation and installing sump pumps will shore up a property in the event of a flood. Also, Enterprise advises, operators should install in flood-able spaces building materials—including framing, wallboard, flooring, and ceiling paneling—that can survive water exposure without causing major damage, promoting mold or mildew, or absorbing contaminants.

 

Read more about hurricane preparedness here:

http://www.multifamilyexecutive.com/property-management/get-ready-for-hurricane-season_o