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Updated over 5 years ago,
Security System Options - For Canadian Rental Properties
We have had a lot of success BRRR-ing in C-Class neighborhoods, it's a bit more work, but we've been able to pick up some really great deals, renovate them, and then find great tenants as our properties really are the only diamonds in these lower-income areas so there is always tons of interest and we are able to sort through and select top tier renters.
The strategy is working, but one of the biggest struggle we face is making sure our tenants feel safe in these rougher neighborhoods. We recently had a break in (into a vacant property), but all of our tools were stolen. It was a big lesson-learned, but it's making us consider security options at all our properties. We just are looking for the most cost-effective tips and tricks as I don't want a large monthly bill at each property cutting into the cashflow.
Oh, and we are in Edmonton, AB, Canada... SimpliSafe isn't an option unfortunately.
Thanks in advance for the suggestions!