House Flippers Guide to Limiting Theft

[Joshua Michael Hauman]

I've flipped property worth over 1.5 million all the way down to 50,000. Every area and every deal brings different risks. Higher price points present more risk from a capital allocation method but in really low-price points typically a higher crime rate. Regardless it's important to protect the asset and yourself.

Heres 9 things I’ve learned to do to prevent getting robbed.

1. Airtags are devices developed by apple to track things like keys or bags, I use this to airtag items most susceptible to theft like hot water tanks or furnaces and provide this data to the police to track the perpetrators.

2. Trail cams are small cameras typically used by wildlife photographers or hunters but I use them to capture license plates.

3. Get steel reinforced deadbolts on all exterior doors

4. Call the police - Get ahold of the OIC (Officer in Charge) of the division of the city where you're renovating the property. You can then ask for special protection.

5. Make connections with your neighbors and ask a neighbor to park their car in the driveway overnight to give the appearance someone is living there.

6. Get floodlights installed on the property beaming out front. Well light properties are less likely to be approached by burglars.

7. Leave a light on in the property facing the street overnight

8. Get one of the units turned and rented out quickly as possible.

9. Get a security system installed. Do not skimp on this, it could save you thousands.

Let me know in the comments below what else you would do to prevent break ins. Would love to hear from the community!