As a landlord, your properties are your livelihood so, to keep your tenants happy and your buildings full, you’ll need to make sure that those properties are safe, reliable, and favorable.
If you’re not sure how to secure your premises, read on for some top tips to keep them safe from harm.
How To Safe Your Buildings
1. Install security cameras
Installing security cameras and alarms will help to deter thieves or trespassers. If criminals aren’t deterred, security cameras will at least alert you should something go wrong. If you have a larger building such as a block of flats, you may want to invest in a dedicated security desk, too.
2. Use quality materials
As the saying goes, you get what you pay for! When you’re building the flat of your dreams, it’s important to ensure that the materials you’re using are safe and durable. Rather than cutting costs due to a looming recession, it’s important to invest in good-quality raw materials that have been rigorously tested.
Cutting costs initially may cost you more money – and stress – in the long run, so it’s worth the additional outlay at the beginning.
3. Vet tenants
As a landlord, it pays to be careful when choosing your tenants. No matter if they want to live or work in one of your properties, by thoroughly vetting your potential tenants, you can avoid a potential headache in the long run.
Although landlords are being encouraged to allow pets in their rentals, by running a background check on potential tenants, you can find out if they have a history of causing damage. You might struggle to do a background check on Fido, though!
Whilst vetting tenants, you may want to consider the following:
- Can the tenant afford to pay the required rent?
- Has the tenant rented before?
- Are the bank details provided legitimate?
- Does the tenant have any previous convictions?
If your potential tenant passes all the checks with flying colors, you may have found your new favorite renter!
4. Think about repairs
If you want to keep your buildings safe and inhabitable, you’ll need to consider repairs. As a landlord, it’s your responsibility to ensure that repairs are carried out promptly. By getting in a professional to assess the damage as soon as possible, you can identify the root cause and fix the problem with a minimum of fuss. That way, nobody gets hurt or injured.
If you’re unlucky enough to have fallen victim to vandalism, commercial landlord insurance can help cover the cost of the repairs.
As a landlord, it can be difficult knowing how to keep your buildings safe. However, the good news is that it’s easier than you’d think. By vetting tenants thoroughly, investing in quality materials, and ensuring that you have the right insurance in place, you can have peace of mind that your buildings (and tenants!) are secure.