There are many points to consider when we talk about security systems and your Lakeway rental property. One of the things to consider is the right time when to install a home security system in your rental properties.
The reasons for going ahead with installation are plenty but one must consider many things as well before pushing through. For you to make the right choice for your properties regarding home security systems for your rentals, you should know everything from tenant privacy to cost and everything in between.
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 Lakeway 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 that offer low-cost installation may turn out more expensive as they require a monthly monitoring fee and other expenses. First, you have to decide whether or not it makes sense to install a security system and who will be responsible for paying any related fees at your Lakeway rental property. A security system may be necessary to keep your property and your tenants out of danger especially in areas where crime rates are high.
Since it is impossible to control what people think, a security system could send a wrong message to some people. Then we cannot deny the cost. Remember to include security system costs to your monthly cash flows if you are paying for this. But if you intend to pass this on to your tenant, 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.
A security system may be the last thing to occur in a tenant’s mind. A security system might even be unnecessary if the neighborhood is considered safe. 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.
There are times when a tenant prefers to choose his or her own security company and opts to install those security measures rather than your security system. Tenants like the convenience of a home security system linked to their smartphone. This gives them a reason to manage it themselves.
Issues of privacy should not be left out of the picture. Integrated cameras in security systems are widely available these days. It is important to know that it is illegal to take photos or videos in any area where your tenant would have a reasonable expectation of privacy given that such systems so affordable.
If you’re going to install security cameras around the exterior of the rental house, it must be done in such a way that parts of the property that need privacy are not 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 512-580-3099 to speak with one of our Lakeway property managers today.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
