The Dangers of Renting Out Homes With Wood Stoves and Fireplaces
Are you a landlord who is looking to invest in houses or apartments that you can rent out to people? If so, as you are checking out rental properties to invest in, you may want to take into account whether or not the properties have a wood stoves or wood burning fireplace. Why? Because you could be taking a major risk renting out a properties that have wood stoves or wood burning fireplaces to groups of tenants who may or may not have any sort of knowledge as to how to take care of or run a wood stove or wood burning fireplace. And as a landlord who is most likely looking to make a profit off of renting out your properties to tenants, I’m sure the last thing you would want is for your investment to literally go up in flames. So what kind of fireplaces should you look for as you check out potential rental properties?
1. Gas Fireplace – a gas fireplace has the same effect as a wood burning fireplace and is a much safer option. Gas fireplaces use fake wood logs, but with real flames. You can usually control the temperature of these fireplaces, making them easier and safer to run. And because these fireplaces run on gas instead of electricity, these fireplaces are more convenient for if your tenants experience power outages. The only downside to a gas fireplace is that it is not portable because it needs a venting system.
2. Electric Fireplace – an electric fireplace runs on electricity and is environmentally friendly. All you need to power it is a 120-volt outlet. You can start the fire by simply pushing a button, and most electric fireplaces usually have visual and sound effect settings so that you can make it look and feel like a real fire. Electric fireplaces also usually allow you to control the temperature of the fire. They can also be used year round because they give you the ability to turn off the heat while keeping the flames going. The only downside to electric fireplaces is that they run on electricity, so your tenants would not be able to use them if a power outage were to occur.
3. Ethanol Fireplace – an ethanol fireplace is a portable fireplace that can be placed in any room and will heat an entire room. It is self-contained and is fueled by alcohol gel that can usually be carried with the fireplace. The great thing about ethanol fireplaces is that they do not need a venting system and do not need to be installed. Ethanol fireplaces create a real fire with all of the sounds, except without the smoke. The only downside to ethanol fireplaces is that they can be expensive to purchase.
If you are looking to invest in rental houses or apartments and would like more information as to which fireplace is the best option for you to go with, feel free to give us a call at Authority Property Management. Or if you have already invested in rental houses or apartments that have wood burning fireplaces and would like more information as to whether or not you should replace them or what you should replace them with, feel free to give us a call as well. We are property managers in Redding who have over twenty years of experience doing property management in Redding and Shasta County. We would love to help you in any way we can! Give us a call at (530) 410-6085.
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