If you own a rental property, a home security system is an investment that is worth considering. Not only can it make your property more attractive and help you secure a trustworthy renter, but also it can protect your property from theft, vandalism or burglary. If you do choose to install a security system, it’s important to be clear and upfront about what it means for your renters.
What are the Benefits?
First, let’s discuss the benefits to having home security system monitoring on your rental property.
- Prospective tenants are more likely to think highly of your property.
- You may be able to secure more reliable tenants who will care for your home.
- Possible tenants will feel safer, which can be helpful if your property is located in an iffy neighborhood.
- If there are any issues on the property – a fire, a break-in – first responders will be on the scene in a matter of minutes. This provides invaluable peace of mind that your property will receive immediate attention rather than counting on the tenants to make the first call.
- Most security providers include stickers or decals with their service that you can place on your property. This way, if your home has a month or two where it’s vacant, you can deter criminals.
- You may be able to charge more for rent because of the built-in features of a security system.
- Talk to your insurance provider, as you may be eligible for discounts by installing a home security system on your rental property.
Do your homework and make sure that you select a reliable home security company. A trustworthy provider should have licensed installers, positive reviews, honest pricing, modern equipment and 24-hour monitoring.
It’s best that you are there for the installation so you can make sure that everything goes smoothly. Most of the time, you can choose the area where you want the security panel to be installed.
It’s also important that you have clearly defined instructions between you and the tenant for use of the system. Your tenants deserve to have peace and privacy, but it’s also acceptable to have the security code so that you can access the property without setting off the alarm.
Some tenants will be okay with this, and some will not. You can find more information about this topic at RentPrep.com. Also check with the laws in your state.
Contact Texas Security & Surveillance, an Austin alarm company to learn more security systems and monitoring for your rental property.