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Updated almost 3 years ago,
Should I cover the cost of security cameras for my tenants?
Hi BP, in one of my rentals in Indianapolis, I have an amazing tenant who always pay on time, really takes care of the property, and seems to be really making this a long term home. Unfortunately they have had their car broken into twice now and asked if they can install security cameras. They weren't asking me to pay for it but I'm wondering if it might be a good investment for me to do so. I did just bump of their rent a little bit but since they just signed a new lease, I couldn't increase any further until next Jan.
I saw SimpliSafe outdoor cameras were only $170 each and the tenant could install it themselves. I personally think it could be worth it to buy 1 or 2 to make the tenant feel safe in the house and further incentive them to stay long-term but I'm not sure if this makes the most business sense.
Has anyone seen a big difference in rent or value in the house if they have security cameras? Is SimpliSafe the way to go? I plan on running this by my PM as well but any input here would be greatly appreciated thanks everyone!