Investing in security is part of running a housing business to ensure the safety of your tenants and their belongings. Maximum protection of your rental property can earn the trust of tenants. That alone can maintain tenants in your property for an extended period.
In this article, we will give you details on ways you can protect and secure your rental property to reduce the chances of burglaries, break-ins, and other events that can harm your tenants.
Hire a property manager
It is necessary to maintain your rental property well to have your tenant’s satisfaction. That can be impossible if you are a busy person or live far away from the property. Hiring a property manager is a wise thing to do. Property managers handle the day-to-day management activities, screen tenants, and ensuring the security of your property, among other things.
Insure your property
Insurance companies have policies that can provide coverage for various unexpected events in your property. In some states, some laws hold the property owner responsible for break-in damages. It is, therefore, advisable to have an insurance policy that offers landlord protection in the event of an unfortunate incident that leads to property damage or loss. If you insure your property against vandalism, burglary, or property loss, you will not have to use your own money to compensate your tenants.
Invest in a security system
A security system may seem like an unnecessary investment, but it is worth it. It helps in securing a property. There are numerous systems in the market, so it is essential to shop for one that is inclusive of all your needs. Make sure your security system has features such as:
- Window and door sensors
- Motion detecting lights
- Smoke alarms
Security systems are efficient and convenient since you can install them yourself. You can also access them remotely. Once you connect to the device through an application on your smartphone, you can use it with ease.
Install security lighting in areas where you suspect a burglar may hide. No vandal or burglar likes well-lit places. Install the security lighting at your property’s backyard, along pathways and at the front of the property. Ensure the security lighting has motion sensors that can detect motion in every direction a couple of feet away. You do not have to worry about electricity bills and battery replacements since some security lighting systems are solar-powered.
Secure the doors
Most property owners install deadbolts on entrance doors. However, to be more confident about the tenant’s security, it is advisable to use double-cylinder deadbolts. If the main entrance is next to a window, the double-cylinder deadbolt can prevent a burglar from opening the door through the window.
You can also install solid wood or metal doors at the entrance to improve your tenant’s safety. Avoid doors with windows or hollow wood doors since they are easy to break. Also, encourage your tenants to take simple precautions like the use of door jumpers. If one of your tenants moves without submitting keys, replace the key locks before a new tenant moves in.
Running a housing business is an excellent way to earn residual income. However, without a reliable security system, your investment may not bring in high returns since no tenant would want to move into your property. To avoid that, ensure you keep the property well-maintained. Also, invest in security systems to keep it safe and gain tenants’ trust.