The old saying goes “where there’s smoke, there’s fire”. While this proverb can be used for many situations for the point of mindfulness, it has a more direct connection to our function here at Smoke Alarms Australia in ensuring you have the systems and resources in place for early smoke or fire hazard detection. One of the ways we have been providing early warning signs for smoke and fire risk is through our Risk Calculator. The Calculator is a tool that accurately estimates the risk of non-compliance by factoring a real estate agencies location, the number of properties managed and the number of properties that are not regularly inspected or covered by a compliance program. The calculator's job is to process these factors to reveal what proportion of the agencies portfolio is non-compliant and, as such, how much risk is carried by the agency.
Receiving a low-risk score from the Risk Calculator tells you that the number of properties that are smoke alarm compliant is high compared to the compliance rate of properties within your area. It’s saying that you are the gold standard in mindfulness for your landlord’s protection and their tenants’ security going the extra mile to cover all parties from the dangers of fire and smoke.
What can you do to get here?
Keep your ear to the ground, ensuring you are mindful of the compliance status of your property portfolio so that you catch wind of any alarm bells (or smoke alarm bells) for properties that are expired or close to expiring. It all comes down to time, set a time to check your properties smoke alarms and what actions you can take to amend the situation and you should be able to consistently carry a high level of compliance.
If you receive a medium risk level score, then you are on the home straight to having a low-risk property portfolio! This is the organization that hasn’t had the time to dust off those remaining properties smoke alarm compliance or has had a number or properties become non-compliant to close together.
How can you improve?
The key here is not to get stuck in the quicksand, to keep consistent with your portfolio to avoid sinking into a potentially higher level of non-compliant smoke alarm risk.
Mindfulness is the defining trait of a low to medium risk level agency. Remaining invested in the safety and security of your portfolio and the stakeholders within will continue to reflect such reputable results.
If you have scored a high-risk level, then your property portfolios level of smoke alarm non-compliance is high in the area your organization is operating in. High levels of non-compliance are more likely than not tied to organizations immense workload. These are the organizations that are still mindful of their smoke alarm compliance situation but are bombarded with a consistently busy schedule that keep properties non-compliance rates low.
What can you do?
One can’t speak for the importance level of tasks an organization may face to reach a high-risk level, but a course of action one can take is to ask yourself the simple question “what tasks best adhere to my landlords and tenants’ safety and protection?”. While there might be more visible tasks for property manager roles, tasks ensuring your stakeholders are safe and secure should be the foundational tasks to which your other duties are built over. Questioning the protection and safety brought from everyday tasks may move smoke alarms up enough on your priority list to begin lowering your portfolios risk rating.
If you scored an urgent risk level for your smoke alarm compliance, then this puts your portfolio in a need for action. Whether busy or not, these are the organizations that aren’t being properly informed of the severity of risk a non-compliant property portfolio will have on the duty of care for their landlords and the safety and security of their tenant base.
What to do?
This risk level requires you to take informed action, take your weak point and turn it into your strength. Contact smoke alarm services for informed direction and resolution or even inform yourself of legislative and building code documentation. The key word at this stage is action. Anything you do to inform yourself or to organize compliance is all a towards progress.
It’s important to note that high and urgent risk levels don’t equate to failure of operations or upkeep, they’re simply alarm bells of varying scale to help get you back on track.
Risk levels identified by the Risk Calculator aren’t there to reward and shame your compliance status. They are made to give organizations the quick hit insights they need to take the appropriate action towards high-level compliance throughout real estate organizations property portfolios.