Disaster Recovery Guide for Multifamily Communities [Infographic] via Property Management Insider

How prepared is your apartment community if disaster strikes? According to the American Red Cross, forty-five states and territories of the United States are at moderate to very high risk for earthquakes. This includes every region of the country. The National Apartment Association reported that when the EF5 tornado (receiving the highest strength rating on the damage scale) rampaged through Joplin, Missouri on May 22, 2011, it destroyed 8,400 residences, 18,000 cars and 450 businesses. Disaster recovery was estimated to range from $2.2 billion to $3 billion. For a 138-unit apartment community that survived the event, rehabilitation costs rose to $74,000 per unit. Total natural disaster costs in the U.S. that year were assessed at $365.6 billion.

Regardless of your region’s propensity for disaster—be it tornadoes, earthquakes, hurricanes, floods, wildfires or severe storms—the steps for preparedness and recovery largely remain the same. Craig Guillot reported in Multihousing News that, “The most important part of disaster and emergency preparedness is that it be made a continuous process.”

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