Apartment Complex Improves Value by Reducing Crime.
An apartment complex had only 30% occupancy due to drug deals, serious crimes and property damage that marred its image. The problems occurred so frequently that guards were being laughed at, paid off and even seriously injured. Some residents were too scared to be outside at night since none of the security initiatives were effective. When the owner wanted to hire a police officer to patrol the property, he was told he had to pay for two officers for safety reasons -- something that proved to be cost-prohibitive.
Stealth Monitoring consulted with the owners to design a comprehensive solution that included client education on proven combinations of perimeter fencing, guard hours and virtual surveillance services. Stealth added signage, monitored the property every night from 10 pm to 6 am, provided incident evidence to the onsite property manager, and trained her to on how to watch her own cameras on a dedicated screen in her office, The result? People who caused problems began to move out.
The overall installation cost was approximately $50,000, which included controlled and locked perimeter fencing, plus $2,000 per month in monitoring and service fees. This was a vast improvement over the nearly $20,000 a month in guard fees and property damage repair the client had been paying. Within 18 months, the occupancy went from 30% to 77% and the average rent per unit increased by $100.