Should Landlords be Installing Bars on Windows while Investing in the Hood | HoltonWiseTV Highlights
Channel: HoltonWiseTV
Date: 2023-04-01

Vacancy loss is one of the biggest cash flow killers for real estate investors who have rental properties in bad neighborhoods. When you're investing in the ghetto, the loss of rent isn't the only thing you've got to worry about when your rental is vacant. The damage that occurs when thieves break into your rental properties is usually worse than the lost rent. If you've got a lot of vacant houses in the hood, you're going to get a lot of break ins. Vacant houses in the hood are targets for criminals who like to break in and cut out the copper piping. These criminals then take all of your copper plumbing to the local scrap yard for a quick payday. In an effort to curb this criminal behavior while their portfolio is vacant and to make their tenants feel safer when they move into their houses or apartments many ghetto landlords have been installing bars on their windows. On the surface, installing bars on the windows to prevent criminals from breaking in seems like a great idea, especially if your rental property is in a high crime neighborhood. However, this may backfire on well intentioned property managers. When landlords install bars on the windows, it creates a fire safety issue. If the insurance company finds out about the bars on the windows, they will make the property manager remove them or they will cancel the insurance policy. Tune in to HotlonWiseTV for more landlord tips, tricks and best practices. HotlonWiseTV is managing rental properties made easy.


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