Your rental property is a major investment that needs to be maintained properly to remain valuable. If not, your tenants either leave or pay less rent, resulting in lower returns. Unfortunately, mold growth is one of the most serious threats to any property, especially if you live in flood-prone areas or humid climates. In fact, the National Center for Healthy Housing says that there are over 1,000 types of mold found in U.S. homes.
If left unaddressed, it may cause health problems to your tenants, such as respiratory and skin irritation, eye irritation, and allergies. This may also lead to lawsuits for housing code violations or negligence. Moreover, it can damage the structure of your property.