Even though regular smoke detectors might seem to be sufficient for most rentals, you may want to consider opting for a monitored fire alarm service for your multi-family rental. One of these alarms is designed to detect smoke and call both you and the local fire department in the event of a fire, and it can be a great choice for apartment complexes and other similar rentals. These are a few reasons why you might want to spring for the extra cash to invest in one of these systems and accompanying services.
1. Protect Your Tenants
First of all, tenant safety is obviously very important. Tenants in your building can be at risk of being injured -- or worse -- in a fire that is started by another tenant, and it's best to do what you can to help prevent this. By installing a monitored fire alarm system, you can help ensure that any fires that start are caught and extinguished as quickly as possible, which can help keep all of your tenants safe.
2. Help Prevent Property Damage
With the way that a fire can spread in a multi-family rental building, even a small accidental fire can quickly cause a whole lot of expensive property damage. Of course the safety of your residents is most important, but you probably also worry about damage to your property. A fire alarm monitoring system can make the difference between the fire being put out quickly and it taking longer for help to arrive, which can have a big impact on how much damage is done.
3. Ensure That You're Following Local Codes
Depending on where your multi-family rental is located, there may be strict codes and regulations in place regarding fire safety. In many cases, installing a monitored fire alarm system will help you comply with these laws. Talking to someone from your local building code office or discussing your rental with a real estate lawyer who specializes in helping landlords can help you make sure.
4. Save on Your Property Insurance
Insuring a multi-family unit can be costly since there are so many issues at play in regards to the things that can cause damage or that can leave you liable for something. One way to help reduce these insurance costs is by taking proper safety measures. If you ask your insurance agent, you might find that installing one of these systems will help you save on your insurance.
As you can see, installing a monitored fire alarm in your multi-family rental is smart. If you contact one of these companies, you can find out even more about the benefits of doing so. Contact a business, such as Fyr Fyter Inc, for more information.