When you live in the home you own, you have a sense of security knowing exactly what is — and isn’t — going on in and around your home. Once you enter the world of rental property, however, not knowing whether the property you invested in is secure can keep you up at night. Whether your rental property is located across town or across state lines, here is how to make sure everything is going smoothly while you’re away.
Hire a Property Manager
Before you start installing an assortment of home security devices and gadgets, your first line of defense should be a trusted property manager. Why? A property manager ensures the home is move-in ready, provides emergency support, conducts check-ins/inspections, handles maintenance requests, and even collects the rent. In essence, they are the guardians of the home, making sure everything is safe, secure, and running smoothly. And when you work with a team like True Property Management, you can feel confident in knowing that your property will be cared for and rented out to qualified tenants.
Get the Locks Changed
Before the next tenants move in, hire a locksmith to change out the locks on all doors. Choose a professional who is licensed, insured, and reputable. If you’re not sure where to begin the search, try a website like Angi to see which pros are in your area. You can then narrow your search for an Angi locksmith by looking at their average rating and reviews. Keep in mind that costs of re-keying a door range from $50 to $150.
Protect Your Home with a Home Security System
Another great way to secure your home is with a security camera system, but keep in mind they aren’t all created equal. As you shop, consider what features each offers such as field of view, storage space, battery backup, motion detection, audio, and night vision. They come in different shapes and sizes as well, so compare and narrow down your search. There are many systems on the market, including both professional and DIY. An important note is that DIY systems save on subscription fees, but you’ll likely be the one to contact local emergency services as opposed to the instant contact a professional system provides. Add your own security touches too such as motion sensor lighting or smart locks.
There’s an App for That
Smartphone security is a great option for those who want to check in on their home with the touch of a button. Apps like Frontpoint Mobile and Simplisafe Home Security let you control security cameras and sensors, receive sensor notifications, and keep track of comings and goings by notifying you when a door is opened.
Don’t Forget About the Garage
The front and back doors might be locked and monitored, but don’t forget to secure the garage too. You’ll likely have supplies and tools stored in the garage, not to mention this is where renters will park their cars. Buying garage door openers in bulk isn’t realistic, plus openers are easily hacked, becoming an instant key to the home. To make things easier and help you keep track of who has access, use Genie Company’s Aladdin Connect device. By attaching to your garage door opener, your smartphone becomes the opener. The best part is that you can give out up to 20 unique virtual keys with set timers. This makes it easy to give renters, property managers, and cleaning/maintenance crews access and remove access at any time, making it more secure than four-digit pin codes on realtor lockboxes.
Consider Landlord Insurance
Insurance is meant to protect you should disaster strike, and as a rental property owner, something going wrong when you aren’t there to help is a big concern. Landlord insurance gives you that extra net of protection with both property and liability protection. The property piece of the policy covers the home itself and any repairs or damages as a result of weather as well as detached structures such as a garage. Liability protection makes sure you are covered in case an injury occurs on the rental property. It’s a good idea to add additional coverage as well for burglary to not only cover any damages incurred but to pay for or replace anything stolen.
Owning a rental property is a big responsibility, not to mention a large investment. Protect your home and your finances by adding some security measures. The peace of mind is worth it, and you’ll be able to sleep a little better knowing your home is in good hands.
Article courtesy of: Michael Longsden
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