When we discuss security systems and your Hoover rental property, there are numerous points to think about. The right time to install a home security system in your rental properties should be considered carefully.
There are many good reasons to go ahead with the installation, but there are also things to consider before doing so as well. It is important to be aware of tenant privacy, cost, etc. The more you know about home security systems for rentals, the easier it is for you to make the right choice for your properties.
Installing a home security system may seem like a great idea because you’ll never be able to find a tenant who doesn’t want to feel secure in their rental home. However, a Hoover property owner must not haphazardly decide that a security system is best for his rental property. He should check on every aspect of the situation first.
The cost is one important thing to consider. There are low-cost installations provided by security companies but they may include monthly monitoring fees or other expenses. If you wish to install a security system in your Hoover rental property, you must decide if it is feasible and who will be responsible for paying any related fees. A security system is necessary to keep your property and your tenants out of danger, especially if your area has a high crime rate.
A wrong message can be perceived from a security system especially when prospective tenants are concerned about safety in the neighborhood. Then there is the issue of cost. If you are paying for the security system, this cost must be included in the monthly cash flows. Should you desire to have 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.
On the other hand, a security system may not be at the forefront of the tenant’s mind. They may perceive that the neighborhood is safe, so a security system is unnecessary. Or, some may lack the patience 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.
Sometimes, your tenant would rather have their preferred security system and install their security measures rather than your own security company. For many tenants, a home security system linked to their smartphone offers control and convenience enabling them to do this themselves.
Always remember to take into account the issues of privacy. With the technology these days, security systems come with integrated cameras. Although these systems are relatively cheap, one must remember that it is illegal to take photos or videos in any area where your tenant would have a reasonable expectation of privacy. 0
If you install security cameras around the exterior of the rental house, make sure they are placed in such a way that the parts of the property that are not meant to be captured stay that way. 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.
At the end of the day, it all boils down to the circumstances and the needs of the tenants when deciding if installing a home security system in your rental property is the right call. 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 205-793-0700 to speak with one of our Hoover property managers today.
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