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Should You Install a Security System in Your Single-Family Rental?

A man and woman installing a wall mounted device in a room.A security system can provide comfort in a Bar Harbor rental home. Security-conscious tenants may find a rental with security systems or alarms offers peace of mind that others do not. However, it’s important to balance this with the potential disadvantages. Before installing security systems in your single-family rentals, consider the pros and cons.

The Pros

The foremost benefit of security systems is the extra sense of security they offer for your rental property, tenants, and their belongings. Various security systems are available, many of which incorporate cameras, alarms, and professional monitoring.

In areas with high crime or vandalism, security systems can function as deterrents and sources of crucial evidence in case of crime. In these areas, the possibility of higher rents due to added security may make installing security systems a worthwhile investment.

The Cons

The initial expense is one of the biggest drawbacks to installing security systems in a rental home. Extra security can be a substantial expense, and if you’re not confident you’ll recoup the cost, you may lose money.

However, affordable, compact security devices now give us the benefits of a full security system without the cost of professional installation. Rather than paying for security cameras, you could let tenants invest in these devices to address privacy concerns.

It is vital to consider all the pros and cons before deciding if installing security systems in your Bar Harbor rental homes is worth the money. The good news is Real Property Management Acadia can assist. We offer the experience and information you need to make an informed decision, ensuring each rental home has the features your renters want while keeping costs low. To learn more, contact us online or by phone at 207-561-7482 today!

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