As a property manager you have to watch your bottom line every single day so it's understandable that you may be hesitant to add another expense to your monthly budget. Fortunately, in many cases adding a Roving Vehicle Security Patrol or a Dedicated Security Officer to your property may actually improve your bottom line. Let's take a look at the numbers.
According to the National Apartment Association 1 in 5 residents cite the reason for their move is due to a security related issue such as excessive noise, lack of parking enforcement and general feeling of being unsafe.
NAA indicates that on average, the cost to replace a tenant is $2,000. Here is the breakdown:
Maintenance & Repairs: $800
Missed Rent for 1 Month: $1,000
The simple solution for avoiding tenant turnover is prevention. Security officers/roving patrols on your property can address issues such as noise complaints, address parking issues and provide your residents with peace of mind that they are safe living at your property.
Here are a few things our customers are saying:
"Since we brought Signal 88 to our property last year I couldn't be more pleased with the service. I have received numerous positive remarks from our residents. They really appreciate the fact that Signal 88 is here looking out for them and the safety of the premises" - Campus Pointe - Kent, OH
"Signal 88 is a top-notch security company who's forward thinking philosophy is a must-have for any property" - The Domain - Cleveland, OH
If you're interested in reducing your turnover rate while providing your residents with peace of mind you may want to consider how security may help your property. Of course the professionals at Signal 88 Security are available to help you with a security assessment of your property and working with you to create a comprehensive security strategy.