When choosing security systems and your Richmond rental property, the choices are plenty. One of the things to consider is the right time when to install a home security system in your rental properties.
Despite the many reasons to do so, there are also important things to consider before moving ahead with the installation. You should know more about tenant privacy, cost, etc. By doing this, you would know more about home security systems for rentals so that you can make an informed decision for your properties.
Installing a home security system may seem like a great idea. After all, this would make a tenant feel more secure in their rental home. But before anything else, as a Richmond property owner, it is important to consider all the parameters before deciding that a security system is a correct decision for the rental property.
The cost is one important thing to consider. Security companies that offer low-cost installation may turn out more expensive as they require a monthly monitoring fee and other expenses. Also, before you make a decision, you should know who will be responsible for paying any related fees before deciding whether to install a security system in a Richmond rental property. A security system may be necessary to keep your property and your tenants out of danger especially in areas where crime rates are high.
When prospective tenants have different views about the neighborhood, a security system could send a wrong message. Then we cannot deny the cost. Costs for the security system should be a part of the monthly cash flow if you are paying for these yourself. So, if you intend to let the tenant pay for it, make sure they agree to do so before signing the lease. If you simply assume they will pay for it, but the tenant doesn’t want to, you may run into problems.
A security system may be the last thing to occur in a tenant’s mind. It may be because the neighborhood is safe, so a security system seems unnecessary. Also, some may not have the energy to learn how to use the system correctly and eventually give up out of frustration. You don’t want to install a system that does little to enhance security on the property.
It would also be possible that your tenant does not like your security system and your security company. Some would rather prefer to install their security measures. Other tenants might prefer a home security system linked to their smartphone so that it would be easier for them to manage it.
Issues of privacy should not be left out of the picture. Today, many security systems come with integrated cameras. These systems may be cheap but it is illegal to take photos or videos in any area where your tenant would have a reasonable expectation of privacy.
If you’re going to have security cameras mounted around the exterior of the rental house, it must be placed strategically so as not to capture a neighbor’s property. It is best to check with the neighbors before installing exterior cameras to ensure that they know and are comfortable with which areas of the property are being recorded.
Lastly, the decision to install a home security system in your rental property must be a balance between the needs of the tenants and your unique circumstances. But if you carefully consider all the parameters that come into play, you would eventually come to a decision that is beneficial to your investment properties. Contact us online or call 802-861-6468 to speak with one of our Richmond property managers today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
