Get your free copy of “Monetizing Security While Balancing Access, Safety and Profitability”
When it comes to investing in security solutions, multifamily operators have complex cost-benefit decisions to make. For example, there are a multitude of risky behaviors that can impact the safety and peace of mind for residents and staff. Among these are cleanliness of the property, drug use, arson, theft, loitering, damage and violence. Unwanted behaviors like these can ultimately lead to complaints, poor reviews and a mass exodus of residents.
How Security Investments Can Influence Net Operating Income
Sophisticated multifamily investors identify several KPIs when evaluating asset performance. These include revenue per square foot, net operating income (NOI) and brand reputation/survey scores. These alpha metrics are driven by risk mitigation, leasing/retention management, ancillary revenue growth and expense management. So how are these disciplines influenced by safety and security? Find out when you get your free copy of “Monetizing Security While Balancing Access, Safety and Profitability.”
Why Traditional Legacy Security Solutions Are Providing Lackluster ROI
Traditionally, multifamily operators have utilized a variety of security solutions to address ongoing safety concerns. Among these are extending staff hours, offering discounted rent for on-site courtesy officers, and hiring guard or patrol services. In the last decade, many owners have added additional access controls, surveillance cameras and alarm systems to supplement the shortcomings of these human solutions.
However, most of these solutions are reactive and can do very little to avert crimes in progress. Given there are clearly gaps in these systems, where should multifamily operators look to improve safety and security?
Find out all the answers in this free paper, “Monetizing Security While Balancing Access, Safety and Profitability.”
For more information about this or a more effective proactive security measure, contact us.
