Natural disaster planning important for CRE companies

It is important to take precautions when it comes to potential disasters.

Many commercial real estate management companies may have to deal with natural disasters from time to time, especially if they own or manage property in areas that witness a heightened number of issues. According to a report from Multi-Housing News, there are some ideas that a property manager should consider to help be ready for such events.

When bracing for a storm or other disaster, it is important to have a battle plan in place. The news source spoke with Gerry Henigsman, the vice president of the Apartment Association of Greater Dallas, who said that companies should not only be ready to help out their tenants with a place to live, but should also be willing to work with competitors during a time of need. He explained that it was all for the greater good, and knowing what vacant properties were available in the area could go a long way in ensuring customers have a roof over their head.

"You want to identify all the vacancies you have in the area at a time like that," Henigsman told the news source. After a disaster, it’s not a competitive game anymore. You just want to get people sheltered."

According to the Federal Emergency Management Agency, there were a total of 99 major disaster declarations in the United States during 2011, each of which left behind significant property damage.

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