There are many challenges to being a landlord, including keeping your property secure during and between tenancies. It’s natural to want to protect your investment and reduce the risk of incidents, such as burglaries and vandalism. In this guide, we’ll share some top tips to help you keep your rental property safe.
Upgrade your security system
The first step to take to minimise risks is to update your security system. If you don’t currently have any security measures in place, you can lower the risk of break-ins significantly by enhancing security. There are solutions to suit all budgets from comprehensive smart systems and cameras to outdoor lighting, new windows and doors and burglar alarms. It’s beneficial to research innovations, learn more about different products, installations and systems and get quotes to help you decide which options are best for your property.
Invest in smart locks
When you rent a property out, you put your trust in your tenants to lock up and keep windows and doors closed. There are also risks involved with giving out multiple keys if you have properties with large numbers of tenants. A misplaced key can spell trouble. Investing in smart locks is an effective way to protect your property and make it easy and safe for your tenants to come and go. Electronic door locks are a secure option for all types of rental properties. If you have modern locks, you don’t have to worry about changing locks and swapping keys every time a tenancy ends or a key goes missing.
Buy comprehensive insurance
Buying insurance is essential for rental properties. Insurance gives you protection against hazards, including theft, fire and vandalism. In many cases, owners buy home insurance and tenants pay for contents insurance. The details should be outlined in your rental agreement. If you only have basic insurance, or your existing policy is due for renewal, it’s a good idea to explore other options. Using a comparison website can help you find the best offers. It’s wise to take out the most comprehensive policy you can afford. You can filter results and compare providers and policies based on your needs and budget.
Communicate clearly with tenants or managing agents
Clear communication with tenants or managing agents can help you lower the risk of security issues. It’s important to make sure that tenants understand how to use security systems and that there are guidelines in the rental contract if you want to implement security protocols, for example, using a double lock or a smart security system. If you manage the property yourself, give new tenants a tour of the house or flat, show them how to use everything and include instructions in the agreement. If you use a letting agency, ensure agents know how to use the security system or locks and review the information in the tenancy documents regularly.
