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While people who travel frequently love to explore new places, embrace freedom, and round off their bucket list, they often struggle with managing their property left thousands of miles away. After all, it is not an easy thing to manage property when you keep travelling quite frequently.
Several tasks need to be addressed, including ensuring the security of the premises, handling immediate maintenance, and safeguarding personal belongings, among others. While the list is long, there are some best ways that you can adopt to manage your property while travelling to your dream place smartly.
Most travellers worry about potential threats, such as burglary and environmental damage, to their properties while they are away. One of the best ways to solve this problem is to take landlord insurance to save from unexpected events. We have added other brilliant hacks in the following points.
1. Install High-Tech Security Devices
One of the topmost priorities should be related to security. If the property is left unprotected, you will definitely bear the loss of your property assets.
You don’t need to hire a full-time security guard for that, as it will incur additional expenses for you. Instead, you can invest in premium-quality security tools and technology.
- Upgrade to High-Quality Locks: One of the smartest things to do is to install premium-quality locks that are tamper-resistant because they are not easy to break and have multiple protection layers. You can use these locks on your house doors and all windows.
- Set Up A Reliable Alarm System: You can upgrade to the innovative technology of modern alarms connected to your mobile phones, tablets, etc. If they detect something unusual, they will send you an alarming alert instantly. So, it’s an effective way to monitor your property from a distant land.
- Have Neighbour Agreements: You can ask your reliable neighbours to take care of your property when you are away. While they can’t keep an eye on you 24/7, they can alert you whenever they suspect something unusual or cater to your mail in your absence.
You can start with these basic steps to monitor your property while travelling. Including a high-tech security system will reduce outside threats and also help you monitor whenever you want.
2. Tech-Upgrade Your Home For Better Accessibility
You can use multiple apps, technological features, etc., to manage your property far away. There are several applications available online that not only manage day-to-day tasks but also track important events and schedule things on your behalf.
- Use Online Property Management Apps: Several property-management applications can be easily downloaded on your smartphones to manage your property’s paperwork, rent tracker, maintenance reminders, etc. They help you manage all the necessary things related to your home at your fingertips. So, you won’t have to worry about missing out on anything and can manage your faraway properties while vacationing. Some popular apps that can be used include Buildium, RentRedi, and Arthur Online.
- Have Cloud Storage Solutions: You can smartly store essential documents of your properties online to access them anytime from anywhere. There are multiple cloud storage services available, such as Google Drive and Dropbox, that securely store your rental agreements, insurance documents, receipts, and other essential documents.
- Maintain Regular Video Calls: Instead of your physical presence, you can stay digitally present to keep an eye on your property from a distance through video calls. You can have regular video calls with your tenants, property manager, or a neighbour who could show you the place and tell you about any potential maintenance.
3. Hire A Property Manager Or Give Keys To Your Trusted People
If you are travelling frequently or staying away from your property for longer durations, it is better to hire a full-time property manager to take care of your house. If you don’t want to rely on one, you can also ask your trusted neighbour to keep an eye on your house on your behalf.
However, having a property manager has its own perks, like:
- They take care of your place regularly.
- They manage your tenants or hires tenants on your behalf.
- They regularly inspect your home.
- They hire service men for house maintenance on your behalf
4. Keep Important Contact Numbers Handy
This hack is not only ancient but also effective. You should always have some essential numbers saved on your smartphone. These include contact with plumbers, gardeners, carpenters, electricians, tenants, your neighbours, etc.
It helps you to contact them and ask them to fix anything in your house in an emergency. You can keep in contact with your neighbours to know about your property’s condition and act accordingly.
5. Rent Your Property For A Specific Time Period
Since unoccupied homes easily draw the attention of robbers, maintenance problems, etc., it is better to rent your property for a specific time period when you are not available. By doing so, you will not only be able to maintain your house, secure it from potential break-ins, but also earn rent without worrying about the property.
- You can ask property agents to get you good tenants who are looking for a short stay.
- You can personally use your social media platforms and other rental platforms to advertise renting your home before your travel plans.
- Instead of renting the place completely, you can turn it into a homestay and list it on Airbnb. So, there will be different tenants every time regularly.
Why Having Insurance Is Essential While Away From Your Property
Well, no doubt staying away from your property for too long, even for weeks, puts it in potential danger. If you have tenants there, there are other types of problems related to maintenance. In any case, you need to make sure that your house is secured financially as well to cover these unexpected expenses.
In contrast, many people have standard home insurance and feel relaxed, thinking that they have secured their properties now. Well, here is the catch! Most of these insurances don’t cover the problems mentioned above fully when you rent your property or leave it unattended for a long time.
That’s where having landlord insurance gets you out of the trouble. Unlike standard home insurance, this type of insurance is specifically designed to protect rental properties and their owners. If you have this insurance, you will have the following benefits:
- Protection against property damage: Landlord insurance covers accidental damage or damage caused by your tenants.
- Liability coverage: If anyone on your property, like tenants or house members, gets injured on your property, they will be covered as well.
- Compensate loss of rent: In case tenants leave your property due to property damage or maintenance repairs, this insurance will cover the loss.
Final Words
Managing a property while you’re off exploring the world can seem overwhelming at first, but it doesn’t have to be. With the proper setup, it’s absolutely doable.
A mix of automation, a dependable property manager, smart home tech, and a network of trusted contractors can take care of the day-to-day, so you don’t have to stress while you’re away.
