Home security systems aren’t just for homeowners. They can also be for landlords who rent out their property! Being a landlord means a lot of work, but the pay-off—and sense of satisfaction—can make it all worthwhile. If you’re new to the rental property scene or you’re just now considering whether you should install a home security system or not
, we’re here to explain why it is a good idea to beef up on the home security… not only for your tenants, but also for you!
As a landlord, you should think about the quality of home you provide your tenants. Even though they’re temporary residents, word will spread after they leave and you’ll want to maintain a satisfactory approval rating. Not only do you want your tenants to feel comfortable, you want to help them feel safe inside your home. Keeping your tenants at ease while they stay on your property will only help increase their satisfaction. This can even increase retention, which is a great bonus because we all know how difficult it can be sometimes to get new tenants into a rental property, especially in off seasons.
Installing a home security system in your rental property goes beyond caring for your tenants. It is, after all, your property, and it’s likely very valuable to you. Aside from being an asset, it’s also a place of work for you. In the event of a break-in, you’ll not only need to repair and fix any broken entrance points, but you’ll also have to fix any other damage caused to the property during the event.
Installing a home security system will help deter the crime on your property and help make you feel more at ease. Feeling secure means knowing you’ve taken the extra steps to help protect your property even when you don’t live there.
Beefing Up Your Assets
To be a good landlord, you should, at the very least, have an updated system installed in your property and offer it as an option for your tenants. Yes, it’s understandable to be a little skeptical about putting more money into an endeavor that’s meant to yield money for you, but home security systems only help to add to your assets.
When you tour prospective tenants through the rental property, having a security system installed can act as an enticement. You can give tenants the option to pay for the service if they want to.
In the end, security systems can help beef up your property assets (and your resident’s assets) and even work to help keep them safe and secure. Besides the additional cost, there’s essentially no wrong that can come from having a security system installed. Showing your residents that you care, even just a little bit, makes all the difference between someone who renews their lease and someone who breaks their lease followed by a bad review. Simply put, home security systems can benefit everyone.