As January’s cold weather grips us, it’s vital to ensure your investment properties are prepared to handle the freeze. Frozen pipes and other winter-related issues can lead to costly repairs, but with a little preparation, you can safeguard your properties and keep everything running smoothly.
Here are five practical tips to keep your investment properties protected:
1. Drain Outdoor Spigots
Freezing temperatures can cause water to expand, leading to burst pipes and expensive water damage. The solution is simple: turn off both indoor and outdoor spigots and drain any remaining water. This quick step can save you significant headaches.
2. Insulate Exposed Pipes
Pipes in unheated areas like basements, attics, and garages are especially vulnerable. Wrap them with insulation or heat tape to provide a layer of protection. For added security in colder spots, consider using blankets or de-icing sprays.
3. Maintain a Consistent Thermostat
Keeping your property warm isn’t just about comfort – it’s a necessity. Set the thermostat to at least 55°F during freezing conditions, and ideally between 67°F and 71°F. A consistent indoor temperature can prevent pipes from freezing and ensure a warm, safe environment.
4. Keep Tenants in the Loop
If you have tenants, share these tips with them! Encourage them to keep faucets dripping slightly during freezes and to open cabinet doors under sinks to let warm air circulate around pipes. These simple actions can go a long way in preventing frozen pipes.
5. Know When to Call a Plumber
Frozen pipes or other cold-weather issues often come with warning signs. Look for low water pressure, strange noises, damp spots, or unpleasant odors. If you suspect a pipe has burst, turn off the main water supply immediately and call a professional plumber to handle the situation.
Bonus Tip: How to Thaw a Frozen Pipe
If you discover a frozen pipe, don’t panic. Start by turning on the faucet to keep water moving, then gently apply heat using a hair dryer, heating pad, or warm towels (avoid open flames). Once the water starts flowing, let it run for a few minutes to ensure the pipe is fully thawed.
By following these tips, you can avoid costly repairs and keep your investment properties in great shape during the coldest months.
Need more help managing your properties or have questions about financing? Our team is here to support you – don’t hesitate to reach out!
Stay warm and prepared!
