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Call us TODAY at 970-400-RENT (7368) for a FREE Rental Analysis.

Call us TODAY at 970-400-RENT (7368) for a FREE Rental Analysis.

Security Cameras and Single-Family Rentals: What Milliken Landlords Need to Know

Maintenance Installing a Security Camera for Added Value and ProtectionA home security system is a feature that could draw renters to a Milliken rental home. For the security-conscious renter, a residence complete with cameras or alarms can offer a peace of mind that other rental homes don’t. Unfortunately, a home security system also has some drawbacks. Before choosing to install security cameras, it’s important to go through the pros and cons of that decision.

The Pros

One can safely say that the greatest benefit of security cameras is that it brings with it an added sense of security for your rental property, tenants, and their belongings. There are a lot of security systems available today, many of which integrate cameras along with alarms and professional monitoring. Particularly in areas where crime rates are high or vandalism is a problem, security cameras can act as both a deterrent as well as provide critical evidence in the event of a crime. In places like these, placing security cameras might be a good idea. With the added security you will be able to confidently raise the rent to offset the cost.

The Cons

One of the top drawbacks to outfitting a rental home with security cameras is the upfront expense of doing so. Security cameras can cost a substantial amount and– after factoring in the particular circumstances of your rental home– if you aren’t confident that you can regain the cost, it might not be the wisest decision for you.

However, with the recent progress in home security systems, we now have access to smaller devices that are more affordable. These compact devices don’t cost as much as a full-fledged security camera system nor does it require professional installation, but it gives us the same benefits. Instead of placing security cameras yourself, you may leave it up to your tenants to invest in those devices themselves.

In Conclusion

To guarantee your money is spent well, it is important to examine the benefits and drawbacks of installing security cameras in your Milliken rental homes before making your decision. The good news is that you can utilize the expertise of Real Property Management Colorado. We can give the experience and information required to make an informed decision, ensuring that each rental home includes the features your renters require while making sure the expenses stay low. Don’t hesitate to contact us online or give us a ring at 970-400-7368 to know more about what we can do for you.

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.