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Top Security Tech To Help You Increase ROI For Multi-Tenant Properties

According to a recent study, 67% of burglaries are residential, and as a property manager, you need to provide your tenants with home security. However, when investing in security technologies, it’s important to understand current security trends to get the best ROI on your security investments.

Want to learn about the top technologies that improve ROI for multi-tenant properties?

Keep reading as we discuss the leading technologies in physical security that can help you to make the most of your security investments, draw in prospective tenants, and improve the tenant experience.

Utilizing Cloud-Based Technologies To Unify Cyber And Physical Security

If you’re looking to provide more extensive security for your rental investment properties, and get more from your security investments, you should consider investing in cloud-based technologies.

On-premise systems can be costly to maintain and have complex wiring systems that require a professional installation expert. Additionally, you’ll need to allocate space for servers and perform maintenance on these servers.

With a cloud-based system, you gain the following benefits:

  • Wireless technologies – You don’t need complex wiring systems with a cloud-based system. All technologies are connected via the internet of things. Using a mobile application or cloud-based control center, your system administrators can easily view security data from anywhere.
  • Over-the-air updates – cloud-based security systems don’t require in-person visits from servicemen to perform system updates, and updates can be performed remotely over the air. This can save you valuable time waiting for a serviceman to arrive and escorting them around the building.
  • Open API integrations – with a cloud-based system; you can integrate all your security elements, making all security data readily accessible on a single platform. You can even install software integrations that enhance the function of your security system and improve your ROI.

Cloud-based systems also allow you to integrate cybersecurity and physical security. For instance, installing cybersecurity software to protect your system from infiltration by a third party. A hybrid cyber and physical security approach can streamline your operations and strengthen your overall security strategy.

Adoption Of Touchless And Hygiene-Based Technologies

A cloud-based access control system can make your properties more hygienic and improve the tenant experience. In light of the recent pandemic, property managers need to take great care in making buildings clean and safe for residents.

A cloud-based keycard lock system provides more hygienic entry for the user by offering a touchless entry feature. The user does not need a keycard or fob – instead, they can store their keycard on their mobile device by downloading their access credentials.

Rather than press a button to enter the building, residents need only wave their hand over the reader’s motion detector. 

Once they have triggered the motion detector, the reader will communicate remotely with their mobile device to detect their access credentials. Bluetooth, WiFi, and cellular communication ensure that the user can enter on their first try. 

The wave-to-unlock feature reduces the spread of germs at common touchpoints in the building, allowing the user a more hygienic way to enter.

Integrating Technologies To Create A Smart Building

Cloud-based security systems have open API integrations that allow for software integrations. Below, you’ll find a list of the best software integrations for a cloud-based security system that creates a smart building:

  • Visitor management software – with a cloud-based security system, you can install visitor management software to automate the visitor management process and provide more accurate data. When a visitor needs to enter your multi-family property, they will be presented with a registration form on their mobile device. Once they have filled out the registration form, they will gain temporary access credentials to enter the building that will be revoked when they exit.
  • Wellness verification software – similar to visitor management software, wellness verification software provides building users digital surveys based on their coronavirus symptoms. Visitors will not be permitted to enter the building if they are symptomatic.

Integrating Video Security And Access Control

In addition to integrating software with your access control system, you can incorporate your surveillance and access control systems to provide identity verification. If you house both systems on separate platforms, your security personnel will need to correlate timestamps to verify the identity of a building user. 

To simplify this process, you can integrate video security and access control, making both data sets readily available on a single interface. Using security platforms with ONVIF specifications allow you to seamlessly integrate security technologies such as access control and video surveillance together. Both access log information and video feed will be accessible without time-consuming manual processes.

Smart IoT Devices

One of the best ways to attract tenants is to give them more convenience in the way they manage their security, heating, and lighting. You can make your building more energy-efficient and give tenants more convenience by connecting building devices to the internet of things and enabling mobile operation.

If a tenant leaves the house without locking their door, they will be able to lock it remotely using a mobile application. Additionally, they will be able to operate their HVAC and heating systems, allowing them to save on their monthly energy bills.

The same goes for building management. You will achieve ROI on smart building technology quickly. You can integrate IoT devices with access control to activate building management triggers based on access control events. 

If a user enters a room, the heating and lighting will activate – and vice versa. This way, you won’t waste money on heating and lighting empty spaces.

Summary

If you’re looking to improve ROI on your security system investments, you should opt for a cloud-based security system. You can get the most out of your security hardware by accessing mobile applications and cloud-based control centers that allow you to manage your security remotely. 

You can also enhance the function of your security system by incorporating integrations that improve the user experience. Consider opting for a cloud-based security system to improve your ROI.

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