Landlords how secure are your properties?

It’s great to hear the news that crime in New Zealand is at a 29 year low.

Home theft however is still very high particularly in Auckland compared to other regions around the country according to a news item on NZHerald.

Often it’s forgetfulness, when a window or two are left open or a door unlocked. You know it’s the luck of the draw if your home hasn’t been burgled and we thank our lucky stars and vow to remember to lock everything next time we leave the property.

There will always be opportunistic thieves however and with all the best intentions we’re all likely to leave the home unsecured again.

Older properties even when secure are the most at risk due to their age and the wear and tear of their doors, windows etc.

The onus is on the property owner to replace doors, locks, windows and window stays.  Owner occupiers are more likely to take action and improve their home security more so than property owners of investments properties that are rented.  Out of sight, out of mind and the cost of replacement results in security being moved down the list of things to do for many property owners of investment properties.

Landlords do want to ensure there’s a good lock on the door however they are less likely to go the extra mile ensuring all the windows have window stays or the equivalent and the property is fenced and there’s a lockable garage….let alone a monitored alarm!

How many of your tenanted properties have a monitored alarm?

There are insurance benefits for having a monitored alarm – though the cost of the alarm and the ongoing monitoring is surely higher than the small  insurance benefit.   If your property is in a high target zone for break ins then getting the monitored alarm really does make sense and the tenants maybe willing to pay for it!

Learn more about renovating properties and property investment strategies from Sean Wood of PropertyTutors.  Sean and Steve Goodey host their one day event – The Masters twice a year….learn more about The Masters

 

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