In many cases, a toilet leaks slowly down the drain with the water never going through the bowl. Nor does putting bricks or food coloring or dyes in the tank. Not all leaks are typical, and simply changing a flapper doesn't always fix the problem. So, the question remains: Why are toilets such a huge problem? Typical toilet leaks are easy to fix! Most are caused by worn flapper valves that allow water to dribble from tank to bowl. A large leak can waste as much as 4,000 gallons (around $40) a day.Ĭonsidering that 1 in 5 toilets is leaking at any given moment, most landlords are actually losing hundreds of thousands of dollars.A medium leak typically wastes 250 gallons (around $3.00) a day.A slow leak typically wastes 30 gallons a day, flying underneath your radar.In our experience, the most common leak faced by landlords is "the running toilet." Running toilets can have different speeds at which they drain your money: The bottom-line? Don't assume you're covered-know. However, you will need an extra flood policy to cover floods, rains, sewer backups, water issues from natural disasters, etc. For example, say your water heater breaks-the policy will likely pay for new floors.Īdditionally, most basic dwelling policies will cover broken pipes and water heaters. Once in place, the policy will typically cover water damage to the building or anything inside the property. As a landlord, you need protection from financial loss that may result from structural damages related to everything from fires, to break-ins, to hurricanes.īut are you 100 percent certain your policy covers water insurance? Interestingly, this is often sold as an additional separate from the base policy. Though not required by law, landlord insurance is essential for anyone collecting rent and managing a property. Landlord Insurance May Not Cover DamagesĠ2. For the remainder of this article, we'll discuss the facts landlords should be aware of when it comes to managing water leaks:Ġ1. If you're running a residential property, those numbers can add up significantly. One drip irrigation leaking 1 GPM wastes 43,200 gallons per month.One faucet leaking one drip per minute wastes up to 34 gallons per year.One toilet leaking 1.5 GPM wastes 21,600 gallons per month (click here for how much it costs).Running toilets, errant irrigation systems, and leaky faucets are no joke: But not only are such leaks bad for the environment, they're also bad for business. Water is a finite resource-despite permeating 70 percent of the Earth's surface, less than 1 percent is available for human consumption. As a landlord, your job is to keep your properties structurally maintained, and that includes staying on top of pesky water leaks. ![]() That's about how much water Americans needlessly waste each year, according to the Environmental Protection Agency. ![]() One trillion gallons of water would fill about 40 million swimming pools. None of us have ever seen a swimming pool quite that huge, and that's because it doesn't exist. ![]() Clear your mind, and imagine this- one trillion gallons of water.
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