If you have a property that you use for short-term rental purposes, installing a security system can keep you better protected. With all the new people who pass through your property on a regular basis, you’ll want to have a security system that’s up to standard and can monitor your premises at all times. Here are five reasons why you should add a security system to your rental property.
A state-of-the-art security system can prevent burglaries and other break-ins. Not only will you be protecting your valuables, but you'll also be protecting your renters from dangers they might face if they were to encounter an intruder. The simple act of displaying a sign stating that your property is protected by a security system alone might be enough to discourage would-be intruders. If someone does try to break into your property, your security system can send out distress signals and quickly alert authorities.
Some of your short-term renters might end up vandalizing your property or causing other damages that could be expensive for you to repair. You can choose from many of the security systems with video surveillance features that will help you keep track of what’s going on at your rental. Video surveillance can capture images of unscrupulous actions and be used in small claims court or to pursue criminal prosecution.
A security system can often be counted as a tax-deductible expense if it is used for an income-generating rental property. According to Investopedia, the amount that you can deduct will depend on if you’re considered a passive investor or real estate professional. The IRS considers a security system to be a home improvement rather than property maintenance expense, and this can affect the amount of money that you're able to deduct.
In addition to lowering your taxes, installing a security system can save you even more money in the long run. By monitoring your property to prevent burglaries, vandalism and other unnecessary damages, you won’t have to come up with the money for costly repairs and to replace items that are missing.
When people who are looking for a short-term rental check out your property online, they will be more impressed if you specify that your property is equipped with a security system. This will give prospective renters greater peace of mind and will likely encourage more people to rent from you. Rentals.com states that tenants will view you as a property manager who cares about their well-being if you have an alarm installed.
There are many good reasons to install a security system for your rental property. Doing so will be an excellent investment, and you will likely continue to see many benefits for years to come.
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