PropertyManagementMaven: When to ADVERTISE the property has a SECURITY SYSTEM!!!

When to ADVERTISE the property has a SECURITY SYSTEM!!!

For many years, new construction contained a TRASH COMPACTOR.....now they NEVER have them and I have actually removed them and installed cabinets where space was critical in kitchens....they were too messy, bags were expensive AND recycling efforts make the additional expense for use unnecessary.

Now, the NEXT item that may be obsolete fairly quickly are SECURITY/ALARM systems.  Many area builders are touting that their units have security systems.  The systems usually require a phone line and many residents no longer have a land phone line.  I noted this trend 5 years ago and changed my application forms to ask for e-mail AND mobile phone contact information.  Without a phone line, many newer  systems are are worthless.  Now systems are wireless on individual security systems "wireless" conections; however, these still require electric power and prolonged power outages may cause problems to the system with re-setting necessary when power is restored......all of these obstacles are nuisances HOWEVER, the BIG nuisance is the COST....even with builder installed systems, they are EXPENSIVE for the monthly charge and a 2 to 4 year contract is required.

I never sign an installation authorization for a tenant that is LONGER than their current lease term so the situation where tenants want to install their OWN system rarely happens in my properties....and when they do,  I suggest that residents investigate non-installed systems available at Home Depot (#20) or Lowe's (#48).

 

When it comes to advertising a security system, if it is already installed with a contract with longer than a year, I include the cost in the lease figure and promote the feature in the property listing.

When the system contract is less than a year, I allow that tenants can take over the agreement and pay the cost in ADDITION to their rent AND continue on with the service contract when the current one expires....this way the tenant can decide to continue the service or it can be cancelled at the expiration and offered to future tenants at their own expense.

 

 Wallace S. Gibson, CPM * GIBSON MANAGEMENT GROUP, Ltd.

LandlordWhisperer

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Comment balloon 8 commentsWallace S. Gibson, CPM • October 11 2009 01:52PM

Comments

Wallace... you seem to think of everything.... makes us all go back to our drawing boards... and "go figure"  lol

Posted by Diane Rice, SFR, SRES, CNC ( Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL) about 9 years ago

Diane * it a matter of what many residents are used to....in the country, my doors are unlocked and my keys remain in my car....many prospects can not conceive of this option especially if they have come from an "urban" area.  Presenting residents with less expensive options that do not require modifications to my clients' properties is a part of my job.... 

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) about 9 years ago

That's interesting how things are different over there.

Our high-end new construction seems to always have a trash compactor although I dislike the things.

Modern security/alarm systems out here can work off of any type of phone line and have battery power backup. My brother and I put one in our mom's house because it also came with fire protection and personal protection services for medical conditions and when away from the home. Cost is only $49.95 a month. Minimum contract is one year if one wants two free keypads.

Posted by Jim Frimmer, Realtor & CDPE, Mission Valley specialist (HomeSmart Realty West) about 9 years ago

Jim - I have a vacant 4-yr-old townhouse that has never had a land phone line installed - the owners' daughter lived there while attending UVa med school and used her cel phone....wireless alarm box in the basement connects to the alarm systems' wireless network - just needs electricity....I have not seen a trash compactor in years - most people want the cabinet space and they have removed them....my country properties usually have a bio-degradable recycling/mulch pile

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) about 9 years ago

ToulaRosebrock,com

Hi Wallace:

Excellent points.  How times have changed.

10 Years ago, who would ever consider arming a security system on a new construction.

Posted by Toula Rosebrock, Broker/Sales Associate, Realtor, Lacey Township, (Diane Turton, Realtors, Forked River, NJ) about 9 years ago

Toula - alarm cos are doing installation FREE during construction and developer/builders are offering it as an amenity.

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) about 9 years ago

How an alarm system operates isn't something you generally think about when promoting a rental property but your blog makes some valid points.  We have had a handful of tenants want to install a security system on their own and allowed them to get one for the length of their rental term so it seems like we are on the same page!

Good blog about something you generally don't think about!!!

Phoenix Property Management Company

GoRENTER.com

Posted by GoRenter almost 9 years ago

There are cheaper, non-invasive security systems that don't require long contracts, etc. that rental residents should consider FIRST before considering an expensive system that requires outside monitoring.

I won't show or preview property that has an alarm system unless it is disabled.  Most agents put the alarm code in the Agent Remarks of the MLS listing and then PRINT the Agent copy and take it with them - sort of defeats the purpose of an alarm system!!

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) almost 9 years ago

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