A frozen pipe can lead to a immense water leak big enough to flood an entire basement.
It’s taxing having numerous properties, because you can’t be in more than 1 locale at any given moment. I have a few properties that I use myself or rent out to family members & friends. My other condos & houses are all rental properties 24/7. I don’t have a property management team handling our rentals, but I’m starting to suppose that I should. Just hiring an outside handyman & maintenance team isn’t enough to lighten our heavy workload. I’m driving from 1 location to the next on a daily basis. Even though I don’t have a minute task, I’m certainly working so much that it feels like I have 3 tasks. It’s hard when you have a renter in 1 unit waiting on a up-to-date air conditioning installation, while you have a renter in a odd unit calling about a leaking pipe. Now that we’re in the grips of the frigid Winter season, our work has doubled with the needed preparations from 1 locale to the next. I tell our renters to run their furnaces to keep the pipes from frigid downstairs. A frozen pipe can lead to a immense water leak big enough to flood an entire basement. In 1 of the properties that I keep for personal & family use, I am always making adjustments to the smart thermostat from our smartphone. I have to turn the furnace on high enough to keep the water running without using so much heat that I’m wasting electricity. The last thing I want is a catastrophic flood inside our condo while I’m away at a odd location. Even with flood insurance, drastic water disfigure can be taxing to completely reverse if drywall & wood framing are exposed.