Multi-Family Security
Peace of Mind Is Important to Residents
In a recent survey, conducted by Muli Family Executive, 96% of residents named feeling safe as one of the most important factors in either selecting a place to live or leaving. In another survey, residents sited safety concerns as one of the top 5 reasons that they would move from one property to another. While residents are almost always concerned about their safety and security, the honest truth is that multi-family security is not a high priority to many property owners, unless it is a problem.
Click Here For Helpful Tips on Multi-Family Security>>Better Security Does Not Need to Cost Much, if Anything at All
Property managers do not like to spend money. Many look at improving their security as increasing their cost. The fact is that properly securing the doors on a property can greatly decrease maintenance cost over time. In "better" properties, where individual tenants may have security concerns Zero Cost Options are available that can help property managers improve retention. The fact is that will cost considerably less to offer residents increased security than it will not to.
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Secure Properties Have Higher NOI
In many cases, the difference between "B" and "C" or "D" properties is the level of security perceived by the residents. People will spend more money where they feel safe. The only time many property owners or managers think about multi-family security is when it begins to negatively affect occupancy. Making your residents feel more secure is an easy way to increase your rent and ultimately your NOI.We had major kick-in problems. They ended when I put Door Jamb Armor on all of our doors. I increased my rent and now am able to charge $20 per month more than the property right down the street. This was a quick break-even for us. I'm not sure what the other property is thinking but it has worked out for me. Thanks. Holly, Property Manager - Atlanta
Not Just for "Bad" Properties
There is a perception among property managers that only residents of "bad" properties have security concerns. The fact is that a break-ins happen regardless of the community and that the national trend has been towards more break-ins in better neighborhoods. Residents watch the news and are aware of what is going on around them. A break-in in a "better" community is likely to create more of a panic among residents because perceived safety is part of what they are paying for. Vacant Properties
One of the biggest multi-family security issues is vacant properties. Vacant properties are often vandalized and used for illegal activities. We began in this business because people repeatedly kicked in our doors and stole our appliances, cabinets, pipes and anything else they could find in our vacant properties. The cost of repairing the damage to the door, door locks, and door jamb, as well as replacing the stolen items can be staggering. During colder months, it is common to have doors kicked in as vagrants look for shelter from the bad weather. While many property owners have begun installing alarm systems in their units, the monitoring is often left to the tenant. This means that vacant units are often not monitored.
We were constantly having our laundry room and office doors kicked-in. Thanks to EZ Armor, we do not have that problem any more. This has saved us a ton of aggravation. Thank you. Jenny, Property Manager - Houston
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Multi-Family Security Tips >>
Preventing break-ins is a critical part in reducing the costs of maintaining your property. Domestic disputes, thieves, tenants forgetting keys and police all kick in doors. Regardless of who does it, kick-ins have always been expensive and time consuming.
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