Residential property owners have a lot to do. Not only do you need to find and screen tenants, but you also need to make sure your property is up to code and with all municipal, state, and federal regulations. You should also be concerned about your safety, yours, your tenants and your property.
There are many things you can do to increase the security of your rentals, but we’re going to focus on five key areas. You can do a lot to keep your tenants safe and reduce your exposure to liability with the following tips.
Regular maintenance and repair
Not all landlords try to keep up with residential real estate maintenance. Some would only come after a tenant complains about a dwelling’s existing problem. As a landlord, you have a legal obligation to maintain habitable living space for your tenants. This means you need to make repairs in time when problems arise.
By following regular maintenance and repairs, you can help prevent accidents and injuries in the first place. It also reduces your chances of facing a lawsuit if something happens and a tenant gets hurt.
Schedule regular property inspections so you can identify and address any potential security risks before they become a problem. Tell tenants that they should report any maintenance issues to you immediately. Don’t forget to document everything! This will help protect you in the event of a dispute.
Make sure your property is up to code. This includes investing in working smoke and carbon monoxide detectors, adequate lighting in common areas, and well-maintained stairwells and ramps.
Install security devices
Residential properties are rarely equipped with security devices. To increase security, you should consider installing some basic security devices. This may include deadbolts on all exterior doors, window locks and a security system.
If you decide to install a security system, invest in one monitored by a professional security company. It is mainly a great investment if you live far from your rental property.
You can also consider investing in virtual security devices. This can include things like a video doorbell or an internet-connected security camera. These can help deter criminals and give you extra peace of mind when you can’t be at the property. They can also increase your tenant’s confidence in your abilities to keep them safe and make your rental a more attractive place to live for future applicants.
Fire safety is another area of focus when it comes to increasing the security of your rental property. Reports indicate that there were, on average, 368,500 residential building fires in the United States from 2017 to 2019. Since fire is one of the most devastating things that can happen to a property, it It is important to take the necessary steps to protect your investment. .
Make sure there are working smoke detectors in all units and common areas of your rental property. Test them regularly and change the batteries if necessary. You should also have a fire extinguisher in each unit and common area and make sure your tenants know how to use it.
Creating and practicing a fire escape plan with your tenants is also a good idea. This should include where to meet outside the property and who will be responsible for calling the fire department. Having a plan in place can help ensure everyone stays safe in the event of a fire.
If you have a common outdoor space in your rental property, you should consider fencing it. This will help increase security by deterring criminals and preventing intruders from entering. It can also help prevent accidents, such as a child wandering off and getting lost.
When choosing a fence, be sure to choose one that is high enough and made of strong material. When it comes to materials, aluminum is the go-to choice due to its durability and low maintenance. You can also consider installing a door with a lock. This will give you more control over who has access to the common area and when.
Suppose your rental property has a swimming pool and you have tenants with children and pets. In this case, you absolutely must install a fence around the pool. This will help keep everyone safe and prevent any accidents. You have the option of letting the professionals install the pool or buying a DIY fence for your pool. Either way, you want to find a reputable company that provides aluminum pool fencing. Choose one with an excellent track record, delivers high-quality, long-lasting fences, and offers a lifetime warranty on materials, paint finish, and workmanship.
Following these tips can help increase the security of your rental property. This will make it a more pleasant place for tenants to live while protecting your investment. So take the time to assess the security of your property and make the necessary changes to ensure it is as secure as possible.