Hurricane season is here—officially running from June 1 to November 30. Strong winds, heavy rain, flooding, and storm surges can cause significant damage to property and disrupt daily life. Hurricanes can bring winds exceeding 155 mph, along with storm surges, flooding, and heavy rainfall that cause costly damage far beyond the coastline.
Atlantic Hurricane Season: June–November (Peak: August–October)
Pacific Hurricane Season: May–November
Whether you’re a homeowner, a lender managing REO (Real Estate Owned) properties, or a real estate investor with multiple properties, now is the time to take proactive steps to protect your assets—and your peace of mind.
Preparing Your Property, Portfolio, or Business
No matter your role—borrower, lender, or investor—having a plan before the storm strikes is key to minimizing risks and protecting your finances.
Before the Storm (Weeks to Days Ahead)
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- Review insurance coverage to confirm wind, flood, and storm damage are included.
- Secure outdoor furniture, signage, and rooftop equipment.
- Inspect roofs, doors, and windows, install shutters or plywood if needed.
- Back up important documents and store copies offsite or digitally.
- Communicate preparedness plans with tenants, employees, or borrowers.
- Prepare emergency kits: food, water, medications, flashlights, important documents.
Final Preparations (36–48 Hours Before Landfall)
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- Notify tenants, borrowers, and partners of operational changes or closures.
- Move valuables, equipment, and supplies to higher ground or secure locations.
- Shut down non-essential electrical systems.
- Stock up on water, food, first aid supplies, fuel, and batteries.
- Take photos or videos of properties to document pre-storm conditions for insurance.
During the Storm
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- Shelter in a safe, interior room away from windows.
- Monitor for leaks or damage if it’s safe to do so.
- Turn off power and gas if local officials recommend it.
- Follow local emergency guidance for sheltering or evacuation.
After the Storm
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- Assess and document all damage thoroughly.
- Submit insurance claims promptly.
- Avoid hazards like downed power lines and floodwater.
- Inspect safety systems (fire alarms, sprinklers) before restarting operations.
- Contact contractors and restoration professionals quickly to begin repairs.
Special Tips for Lenders & Real Estate Investors Managing REO Properties
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- Confirm active insurance policies on all vacant or repossessed properties.
- Secure vacant homes to prevent vandalism or theft.
- Schedule post-storm inspections promptly for damage assessment and repair planning.
Preparing for hurricane season protects lives, property, and long-term investments. Whether you manage a single property or an entire portfolio, proactive planning today can save significant costs and headaches tomorrow.
