In a recent analysis, Redfin listed Fenton, MI, as a 70 out of 100 in terms of competitiveness. When entering the market as an investor, you must consider ways to make your property stand out.
Never fear; we have the information you need to get wise and implement better security for your properties that will drive value.
Keep reading to learn about the top security considerations for investors buying properties in Fenton. We will also discuss innovations for tenant payments and building management that you simply shouldn’t miss!
Invest In Security Technology That Tenants Care About
You must ensure that your security technologies do not hinder your tenants as they do their business. Your biggest priority when securing your property investments should be increasing convenience for the user.
One of the most popular security solutions in property improvement right now is mobile-first access control. It is rising in popularity for two primary reasons – firstly, it allows the user to enter using contactless for more hygiene, and secondly, it provides faster entry and keycard replacement.
With this solution, tenants can use their mobile devices to enter the building rather than having keycards and fobs. You won’t need to foot the cost of replacements and copies. Your tenants can simply download their access credentials to their mobile devices.
When tenants enter the building, they don’t need to touch buttons or pin pads, which can be hosts for germs. Instead, they can enter simply by waving their hand over the access control reader. The motion of their writing will trigger remote communication with their mobile device using BlueTooth or cellular communication.
The tenant can enter quickly, and if they need to replace their device, they can simply redownload their digital access card. Investing in the technology your tenants care about will drive interest and increase the value of your property – ensuring you achieve ROI on your security investments.
Smart Intercom Systems And Door Locks
With any access control system comes one colossal risk – the potential for an unauthorized user to steal access credentials and use them to break entry. Without MFA or identity verification, there is no way to prevent this from occurring.
Smart intercom systems present a solution to this vulnerability. Intercom systems come with built-in access control readers and high-definition video cameras. The tool integrates video surveillance and access control to ensure that you can verify every user’s identity before they enter the building. If you have a visitor, you can use the camera to verify their identity before allowing them inside remotely.
With access control and video surveillance integrated into a single device, both sets of information will be readily accessible, enabling you to verify that the credential matches the user’s identity. To automate this process, you can take advantage of the open API integrations on offer with a cloud-based technology such as this and implement facial recognition software.
Integrated Security Technology
In addition to integrating your access control and video surveillance solutions, you can also implement smart building management, taking advantage of security integrations. You can integrate these tools with your security system by incorporating smart building management devices such as HVAC, heating, and lighting systems.
Doing so can ensure that these devices are only switched on when a room within your property is occupied. You can decrease your tenants’ monthly energy bills, improve your building’s energy efficiency, and reduce your carbon footprint.
Cloud-Based Surveillance Technology
On-premise systems can be cumbersome to maintain and manage. With an on-premise surveillance system comes the following cons:
- You must establish complex wiring systems to connect your cameras to your security management room.
- You need to allocate storage space for servers.
- You need to maintain your servers, wiring, and camera systems, having service engineers visit your property to perform the maintenance.
For these reasons, people are switching to cloud-based surveillance technology for more manageable security. If you’re planning on purchasing a mixed-use commercial property, consider installing cloud-based security cameras for retail store tenants to not only attract these types of renters but also make managing larger properties easier in terms of visibility. Cloud-based surveillance technology presents the following benefits:
- It allows your team to view your security camera feed from anywhere using a mobile app or browser-based control center.
- You can install updates over the air, reducing time-consuming service appointments.
- You can store your security data in the cloud, reducing the need for storage space.
In addition to these benefits, cloud-based surveillance technology has open API integrations that allow you to integrate software tools with your surveillance system, increasing its function. You can incorporate access control and video surveillance for identity verification. You can implement video analytics to scan your security footage for anomalous data. If the software detects an anomaly, their security team will receive an alert on their mobile devices.
Convenient Online Portal
You should invest in a convenient online portal for your tenants to manage their payments. By hosting all of your tenants’ rent, utilities, and common area maintenance charges on a single interface, you can ensure all your tenants know their fees.
The software can also send your tenants reminders about when their rent is due, or their lease contract is about to end. An online portal with communication features is advisable so your tenant communication is hosted on a single platform for easy retrieval in a dispute.
As a property investor, you need to constantly seek innovation in building management, security management, and rental payment management. Consider the technologies listed in this post and which would significantly improve your daily operations. Improving efficiency and security in your building will drive the value, and you will achieve ROI on your security and building technology investments.
Leave a Reply