Legally Ever After Episode 16: Damage Control for Real Estate Investments

“While they may be able to make the area look restored and brand new, what's behind the walls could still be very harmful, and worse, potentially cause issues in some kind of a construction defect down the line,” explains Kyle Chiasson, owner of Best Option Restoration. Today, Kyle reveals what you need to know about damage control for real estate investments.

If you are a real estate investor, it is important to build a good relationship with a restoration provider before any signs of trouble. That way if anything goes wrong, you can get it taken care of quickly. Speed is extremely important in dealing with issues like water damage. When hiring a professional restoration provider, make sure they are certified by the IIRC, the Institute of Inspection, Cleaning, and Restoration, check their ratings and references, and make sure they are properly insured.

Water damage can quickly become a very expensive problem, especially if it causes mold to grow. Having a qualified, reliable restoration provider who can get to the property quickly is vital for stopping issues before they get worse.

Quotes:

“While they may be able to make the area look restored and brand new, what's behind the walls could still be very harmful, and worse, potentially cause issues in some kind of a construction defect down the line.” (1:12-1:25 | Kyle)
“If you are having your renovation project take place on a house that's on the market or that you're flipping or prepping to rent out, ensure that you're keeping eyes on it and keep that HVAC temp turned up to at least 65 degrees during the winter to make sure that those pipes aren't going to have additional pressure on them when it gets cold.” (4:19-4:38 | Kyle)
“Speed is the number one thing. So don't hesitate to call a restoration provider.” (15:02-15:08 | Kyle)
“You don't have to be certified to do the work that we do. However, the only way to ensure that they've had the proper training is to understand are they certified with the IICRC, which is a mouthful, but it's the Institute of Inspection, Cleaning and Restoration certification.” (16:39-16:58 | Kyle)