As a rental property owner, it is important to take steps to protect your investment. Take the time before you sign a lease agreement to educate yourself on the dos and don’ts to make property management a breeze! Read on to learn 10 tips on how to protect your rental property!
Learn the Security Laws for Short-Term Rentals
If you’re renting out your property, it’s important to be aware of the security camera laws in your area. Depending on where you live, there may be restrictions on where you can place cameras and what type of footage you can collect. However, in most cases, if you’re not violating your tenant’s privacy, security cameras can be a helpful way to keep your property safe.
Install Security Cameras
Security cameras can help you review footage remotely, deter and report crimes, and decrease chances of property damage. If you’re considering adding security features to your rental property, doorbell cameras, smart locks, smart thermostats, smart garage door openers, smart lights and outlets, and smart smoke and carbon monoxide detectors are all great options.
Upgrade Your Locks
Screen Potential Tenants Thoroughly
Once you’ve found someone who seems like a good fit, it’s important to screen them thoroughly. This includes running a credit check, checking references, and doing a background check.
Make Sure You’re Legally Protected
Before you sign any leases, it’s crucial that you understand your legal rights and responsibilities as a landlord. This will help protect you in case any problems arise down the road.
Have a Solid Lease Agreement
A well-written lease agreement should outline the expectations and rules for tenants. This will help prevent misunderstandings and disputes down the road. Be sure to go over the lease agreement with tenants before they move in.
Collect all the Keys at the End of the Lease Period
If you do not collect all the keys from your previous tenant, you run the risk of someone gaining unauthorized access to your property. This could lead to theft, vandalism, or other damages. Additionally, if you ever need to enter the property yourself, you may not be able to do so if you don’t have a key.
Enlist the Help of a Security Expert
Another way to protect your rental property is to enlist the help of security experts. They can advise you on ways to secure the property and deter potential criminals.
Encourage Your Tenants to Purchase Renters Insurance
This will provide financial protection if damage to the property or personal belongings. (Be sure to hold a security deposit. This will give you financial protection in case of damages beyond the normal wear and tear of daily life.)
Evict Problem Tenants Promptly
If you have problem tenants, be sure to evict them immediately. This will send a clear message that bad behavior will not be tolerated.
By taking these steps, you can protect your rental property and keep it a safe and desirable place to live. Contact Accurate Security today for a free consultation! Our Vancouver, CA team is ready to get you up to speed!