Knowing that a neighborhood is safe is an important aspect for rental hunters. Be they a family with small children, or a single woman, knowing that they are safe in the home they’ve chosen—inside and outside of the property—may be a deal breaker or a decision-maker. So, as an owner you have to keep that in mind. Even if you choose not to boast or highlight in the marketing of your property, it should definitely be a consideration. For every potential renter that asks about the safety of the property and neighborhood, there is at least another who will: contact the local police department, talk with neighbors, and go by what they see or, even worse, what they’ve heard.
What can you do?
Prepare Your Property. In previous articles, you’ve been advised to control your landscaping. Make sure there is no overgrowth around windows and doors (it adds the ability to conceal entry and provides hiding places). If this is something that will be the tenants responsibility, make sure they are aware of this necessity. Make sure all points of entry are in great working order. There should be nothing that is temperamental, and looks good enough for the showing but will likely be an issue when occupied (door and window locks, etc.).
Work With Neighbors. If there is not already a Neighborhood Watch, create one. It is a no-cost way to add security for the neighborhood in which you’ve invested. It’s a win/win. Your neighbors organize and are more vigilant about what’s going on in their neighborhood; you can provide the existence of an active Neighborhood Watch in your marketing; and, probably the best aspect, when your property is not occupied/rented, those vigilant neighbors will be making sure it’s secure while empty.
Onsite Security. You may find it hard to pay for this. Well, if cost is a factor, you can build it into the rental fee to offset the cost. A security system can be an attractive amenity in a rental property. Security systems are affordable, convenient and can be a significant factor in keeping your property and your tenant safe from harm. Even if the neighborhood is considered safe and completely without incident, a security system can make your tenant feel even safer.
The safety of your property and those who choose it as their home is a major concern, and should not be trivialized. There are financial aspects that may deter a landlord from going above and beyond; considering it a personal issue and the responsibility of the tenant. Good argument. However, we’ve also advised that continuous rental is largely based on reputation and tenant satisfaction. On the outside chance that a criminal element touches your neighborhood, how would you feel if your property and your tenant was left vulnerable? Now, ask yourself do you want to take the chance.
