When we discuss security systems and your Mount Pleasant rental property, there are numerous points to think about. When should it be the right time to install a home security system in your rental properties?
Installing a security system is a good and smart idea. But there are also many important things to consider before moving forward. Do your homework on tenant privacy, cost, and everything in between. The more you know about home security systems for rentals, the better you will be able to decide for your properties.
Installing a home security system may seem like a great idea because this would make the tenant feel more secure in their rental home. But before deciding on installing a security system for the rental property, the Mount Pleasant property owner must have already checked on every aspect of the situation first.
One thing that is important to consider is the cost. Security companies often offer low-cost installation, but then require a monthly monitoring fee or other expenses. If you have decided to install a security system at your Mount Pleasant rental property, make sure that everything is in its place and decide who should 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.
Since people have many different points of view, a security system could send a wrong message. Then we have to factor in costs. If you are paying for the security system, this cost must be included in the monthly cash flows. But if you would rather 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.
On the other hand, a security system may not be at the forefront of the tenant’s mind. If the neighborhood feels safe, a security system could be considered unnecessary. Or, some may find it difficult 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 security system or security company may not be to your tenant’s liking. Your tenant might opt instead to install his or her security measures. Tenants like the convenience of a home security system linked to their smartphone. This gives them a reason to manage it themselves.
Remember to consider the issues of privacy. In this day and age, security systems come with integrated cameras. These systems may be easy on the wallet but it is important to remember that it is illegal to take photos or videos in any area where your tenant would have a reasonable expectation of privacy.
When security cameras are placed on the exterior of the rental house, make sure that it shouldn’t capture parts of the property that shouldn’t be captured. 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.
The bottom line is that a home security system in your rental property must fit the needs of your tenants. But after deliberating and considering all of this useful information, you should be able to arrive at the best decision for your investment properties. Contact us online or call 828-342-9683 to speak with one of our Mount Pleasant property managers today.
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