Tips for Landlords to Increase Profits and Keep Tenants - House Manage
House Manage

Tips for Landlords to Increase Profits and Keep Tenants

Statistically speaking, 41% of landlords handle all aspects of property management themselves. In order to attract and retain quality renters, property managers must always seek out new ways to improve their rental units.

The right security systems can increase the value of your buildings while reducing your monthly operating expenses. Keep reading for four security recommendations that will help you keep tenants and increase your income.

Spend Money on Safety Features Which Are Important to Your Tenants

Landlords should make sure their security investments benefit their tenants if they’re going to spend money on them. It’s counterproductive to your goals as a landlord to implement security measures that make tenants’ lives more difficult and inconvenient, as this will drive down the property’s value and the likelihood that you’ll keep your current tenants.

Convenience should be a top factor while deciding on the best security measures for your home. Do you want it to be simple for your tenants to get inside the building? Do you plan to give your tenants access to security features via their mobile devices? If the security equipment you select enhances the comfort of your tenants, you’ll see a higher return on investment, keep more of them as renters, and raise the market value of your building.

Automated Door Locks and Intercom Systems

Putting smart intercoms and door locks in place is a great investment for property owners. Property management Landlords may lock and open their tenants’ doors from anywhere with the use of a cloud-based system called a smart door lock. Tenants can be given this capacity to lock and open their units from anywhere using a mobile device. It can be stressful and anxious to leave the house without double-checking that you have locked the door. You can assist in alleviating your tenants’ security concerns by allowing them to handle their home’s security systems remotely via mobile devices.

Permission Cards for Mobile Access

An apartment intercom system provides security without the need for keycards or fobs. The cost of replacing lost key cards or fobs and the inconvenience caused to tenants who must wait for their replacements can pile up quickly. Alternatively, you may use mobile credentials to control who enters a building.

Mobile credentials enable users to gain access to restricted areas without having to physically produce their phones to a reader. Waving a hand over the reader will trigger a remote connection with their phones, allowing them entry. To prevent the transmission of germs on buttons and keypads and to provide faster and more convenient access, Bluetooth-enabled entry is touchless.

Verification of Identities

One major vulnerability exists in all access control systems, and that is the possibility of an attacker gaining entry to the premises through the theft of legitimate access credentials. High-definition video is an integral part of a video intercom reader, allowing biometric authentication at the front door. Someone who has misplaced their access card or fob might use the intercom to get in touch with you. It is possible to remotely unlock the door after checking the tenant’s identification via the webcam. If tenants can get back in quickly after being locked out, it lessens the risk of harm and establishes a more streamlined procedure for replacing misplaced keys.

Make Safer Use of Existing Security Systems

You can create a unified security infrastructure by purchasing a cloud-based security solution that supports open API connections. The most effective building security integrations include:

Security cameras and access control systems

Access control and video monitoring systems can be integrated for better identification verification. Your security administrators will have quick and easy access to both access records and video surveillance feed through a unified interface.

Utilizing state-of-the-art “smart building” technologies

Security systems can be linked to the Internet of Things (IoT) gadgets for more forward-thinking facility management. By basing building management triggers on access control events, for instance, you may reduce energy consumption and monthly operating expenses. When a tenant walks into a room, the lights and electronics there will automatically turn on. Devices will automatically power down once they have left.

Access control and visitor management work together to issue visitors with mobile, automated registration forms. Visitors who have registered will be issued temporary access credentials that will allow them to enter the premises. As soon as they depart, the system immediately logs them out. Using this program, you won’t need to spend as much money on a receptionist.

Make use of Video-Over-Cloud Services

With cloud-based video security, you and your renters may access additional security data from any device, at any time. Viewing the live stream from the security cameras is a simple way for you or your tenants to keep tabs on the property while you’re not there. The worry of tenants about parcel theft might be reduced by providing them with a system to track their packages. Furthermore, you and the management team of the building will be able to respond faster to security incidents and examine potential risks without physically visiting the site.

Wrap up!

Tenant satisfaction should be at the forefront of any security upgrading plan for rental properties. You may speed up the process of finding and keeping renters if you install high-tech security measures in your property without sacrificing tenants’ comfort. Hiring a property management company might cost you some penny but it is a great investment. Also, Investing in automation and security systems at your buildings can increase their value and save operating expenses.

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