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Updated over 5 years ago on . Most recent reply

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Zac Garthe
  • Denver, CO
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Price in security systems for buy-and-hold residential rental?

Zac Garthe
  • Denver, CO
Posted

Newbie investor, looking to purchase my first rental in the next few months in greater Denver. In researching my submarket, one dilemma I've encountered is a perception of higher-than-average crime. I thought installing a security system might assuage these fears, but I don't want to take on added hassle or eat into my projected cash-flow. I'm wondering how others handle this. Here are some specific questions on my mind:

Do I price in the monthly security charge as a tenant-paid utility? Or do I cover the cost? (not like using more water or electricity, it's a fixed utility cost).

Who handles communication with the security company in the event of an alarm, the tenant or myself?

Any other guidance would be appreciated. And if you're in Denver, let me know! Coffee on me. 

Thanks!

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