Feeling safe and secure in a rental property is the number one priority for new tenants. Creating a safe environment for your renters will also establish trust for you as the landlord or property manager. Below are a few tips for creating a a safe and secure property.
Secure Entry Ways
As a landlord or property owner, the first step is to cover the basics. Make sure all windows and entrances are secured with locks or dead bolts. If installed, use patio and screen doors as well. Be sure to scope the property for any weak spots or problem areas that an intruder could take advantage.
Upgrade Security Features
There are several avenues to explore when it comes to installing security devices. Security cameras come with responsibility as well as privacy laws. It’s important to do your research before purchasing surveillance.
If the jump to purchasing security cameras is too much at first, you can also increase visibility with motion censored or exterior lighting. Displaying safety decals can also increase the security of your property and its surroundings. If in a larger multi-unit complex, attach emergency numbers as well.
Look Into Insurance
Investing in home insurance policies is a common practice for most rental properties or tenants. It’s one of the best ways to ensure that if something happens to the property itself or the tenant’s belongings you’re still protected. Try to find policy options that combine both home and contents.
Hire a Property Manager
Another great way to keep a property secure is to hire security or a property management group to keep a watchful eye. It can be said that perhaps even more important than the property itself is its management.
If you’ve never worked with a property management company, you may be surprised at how much they can help with tenancy turnovers, as well as other aspects of being a landlord.
Property managers are able to contract out the necessary work, market the property for new tenants, oversee and manage the property itself and any work occurring at the property, and communicate with departing tenants to get everything is taken care of.
Rental property investments can be intimidating for the starting investor, but knowing which factors make a great property investment and where to look for them can help you start your journey to passive rental income.