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Personal injury in apartment complexes – why it happens and how it can be avoided
From a real estate investor’s point of view, apartment complexes are one of the safest and most profitable options for long term earnings. They offer the opportunity to create wealth, provide a stable source of passive income and they can mark the beginning of a very lucrative real estate career. However, when investing in apartment complexes, it can be easy to get lost in technical or financial details and overlook one incredibly important thing: the tenant’s safety. Personal injury in apartment complexes is a delicate matter, financially, legally, and emotionally and it wouldn’t be an exaggeration to say that it can end your career in real estate. When a tenant is hurt on your property because of your negligence, you can be held legally liable and have to pay damages, so before thinking about long term profit or return on investment, first you should ask yourself these questions:
Is the property that I’m renting safe for tenants? What can I do to prevent safety hazards in my apartment complex? Taking the time to address potential safety hazards will give you peace of mind and avoid the unpleasant scenario of a lawsuit.
What is landlord negligence?
Just because a tenant slipped and fell in ... more
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