Over the years MOLD has become a nasty four letter word in the world of property management. The question though is whether it is really as detrimental as people make it out to be and what should be done when mold is found? To the first issue the answer is yes and no. If found early and re-mediated then mold is not a big deal but if left to grow then yes you are in for a whole host of problems.
So first how to prevent mold in the first place:
- Prevent leaks: The vast majority of mold problems are caused by leaks. Moisture, especially in enclosed spaces such as dark cabinets and closets, is a primary facilitator of mold growth. Property managers, therefore, schedule regular inspections for leaks in these probable places.
- Inspect plumbing: Your property maintenance manager should be checking the plumbing of your rental investment on a regular basis to confirm that it’s in optimal working order. Making sure that part of this process is checking for mold in the moist areas around plumbing sites can avoid myriad headaches down the road.
- Replace moist hoses: Home maintenance services in real estate investment property should include regular inspections of all hoses that are likely to develop moisture such as washing machine ducts.
If you find mold what should you do? Per the EPA ” If the moldy area is less than about 10 square feet (less than roughly a 3 ft. by 3 ft. patch), in most cases, you can handle the job yourself, follow these guidelines. If it is larger than this or you choose to use a contractor make sure they have experience in cleaning up mold and check references.
Most important is to get any leaks or moisture problems fixed as soon as they are discovered and try to avoid getting mold in the first place.