For the second part of we share 3 more tips you should consider to keep your residential and short-term rentals safe.
Recap. In the last post we talked about:
- Hiring a Property Manager
- Installing a Security System and Upgrading your Locks
- Maintaining Landscaping and Lighting
Here are the next steps you should consider:
Connecting with Rental Neighborhoods
When it comes to deterring residential crimes, neighborhood networks can be highly efficient. So, even if you do not live in the same area as your rental properties, you should make an effort to get to know the people who do. If you can, go into the neighborhoods and introduce yourself to at least a couple of people who live around your rental home. You can leave your contact information or your property manager’s info so that neighbors can reach out when potential issues arise. If you prefer a less personal approach, you can also use the NextDoor app to stay updated on any issues and crime trends in areas where you own rental properties. You can also look out for Watch Groups in the Community, you will find them very useful, some of them get help from the local police department and they teach citizens of the township about how to keep their homes and families safe.
Researching Neighborhood Crime Statistics
The tips above can help you secure current residential rentals and vacation homes, but you may not even own any investment properties just yet. If you are still in the market for your first real estate investment, being mindful about where you buy can also help keep those properties secure. Before you invest in a short-term or long-term rental, do some homework to determine the safety of the area around that potential property. Pull up crime stats and neighborhood info, and then take a look around for yourself. Looking at this information can also help landlords find the right areas for short-term rental properties, which can help protect their investment too.
Take a Look at Your Insurance
Although some people opt for landlord insurance to protect their properties, you can also use your homeowner's insurance to ensure you’re covered from any damages or losses the home might experience. However, as Redfin points out, it’s important to do plenty of research and to take your time to find the right policy that suits your needs. Also, ask friends and family for recommendations if you’re having a difficult time finding an insurance company. At the end of the day, you need a policy that will protect you, your home, and your tenants from any unexpected problems.
As a landlord, you want to have the peace of mind that comes with knowing your properties are secure, even when you are far away. Your tenants will love feeling protected as well, so taking measures to make your rental properties safer is always a smart move. With a property manager, you can cut out a lot hassle of owning investment properties, but there are other home security steps you can take as well. Because you put a lot of time, money, and effort into setting up your rental homes, so it only makes sense to keep them protected.
You are all set, remember to follow these steps to Secure your Residential and Short-Term Rentals. If you want to take a look at the Smart Locks we offer, please click Here.