Secure A Better Position As A Landlord or Investor

There are not very many things that tenants and landlords agree on, but increased security is one of them. With all of the real estate related concerns in Florida (infrastructure, insurance, disasters), it is nice to see a couple of updates to the newer home security regulations which went into effect in Florida at the start of this year.

 

An emphasis on increased security is not something which is (yet) being addressed with this kind of urgency in other states. Whether it is or is not in the state(s) you are involved with, there is a lot to be said for having these requirements, which are explained in the article linked below. The point of the Florida legislation is to hold property owners accountable for home security instead of leaving it more to the tenant side.

 

This is of interest to me because one of the items I point out when working with real estate investors and landlords is to highlight improved security features in proposals. Far too many landlords don't put in "enough" security, sometimes leaving tenants or potential buyers to take on the added expense. When they have an improved security system or method in place, I'm always suggested it be highlighted to potential tenants and buyers.

 

Those in states that do not (yet) have these home security regulations in place should, in my opinion, take note of what they are in Florida. They could very well be coming to your state(s) in the foreseeable future. However, there should be no need to wait until you are forced to make these changes. In these times when potential buyers are even more picky and potential tenants are looking more closely at amenities when comparing, having these measures in place before they become required adds value.

 

If your state does not have security requirements currently in place to match those of Florida, and your building does, chances are you have an important consideration to offer to your target audience. You could also get this done more cost effectively. It's not like prices and installation costs will drop the minute your state passes the legislation.

 

It's about finding every possible advantage to offer a potential buyer, tenant, or partner. Happy to collaborate to find advantages for your side!

 

https://www.wfla.com/bloom-tampa-bay/florida-law-requires-apartment-complexes-to-boost-security/