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Should You Install a Security System in Your Single-Family Rental?

A man and woman installing a wall mounted device in a room.Adding a home security system can make a Plano rental home more comforting. For security-conscious renters, a home with alarms or security systems can provide a sense of peace that other rentals may lack. However, one must weigh this against possible drawbacks. Before deciding on security systems for your single-family rentals, it’s essential to weigh the pros and cons.

The Pros

It’s clear that the primary benefit of security systems is the added sense of security they provide for your rental property, tenants, and their belongings. A variety of security systems is available, with many integrating cameras, alarms, and professional monitoring.

Security systems are especially useful in high-crime or vandalism-prone areas, acting as deterrents and evidence sources. The potential for higher rents in these areas, thanks to added security, might make the cost of installing security systems worthwhile.

The Cons

The upfront cost is a major drawback to installing security systems in a rental home. Added security can be expensive, and unless you’re certain you will recoup the cost, you could end up losing money.

However, with affordable and compact security devices, we now have options that provide full security benefits without the cost of professional installation. Instead of covering the cost of security cameras, you might allow tenants to invest in these devices to address privacy concerns.

It is important to consider all the pros and cons before determining whether installing security systems in your Plano rental homes is worth the investment. The good news is that Real Property Management Legend can assist. We can give you the experience and information needed to make an informed decision, ensuring each rental home has the features renters want while keeping costs low. If you want more information, contact us online or by phone at 214-227-2404 today!

 

Originally Published on February 8, 2019

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