As the demand for multifamily properties continues to rise, property managers and owners are faced with the challenge of maintaining a safe and secure living environment for residents. A major aspect of ensuring resident safety is the implementation of a robust security program that can effectively deter criminal activities and ensure quick response in case of emergencies. Occam Security, a leading security services provider, offers quality uniformed security officers that can help improve NOI and create safer communities in multifamily properties.
Improved NOI through Quality Uniformed Security Officers
One of the key benefits of investing in Occam Security’s uniformed security officers is the potential to improve Net Operating Income (NOI) of multifamily properties. According to a study by the National Apartment Association, properties that invested in security systems, such as uniformed security personnel, experienced a 5.9% increase in NOI, compared to properties without security systems. This increase in NOI can be attributed to several factors, including reduced property damage, lower insurance premiums, and increased resident retention.
Creating Safer Communities
Security is a major concern for residents when it comes to choosing a multifamily property to call home. By investing in Occam Security’s uniformed security officers, property managers, and owners can create a safer living environment for their residents. Studies have shown that security measures such as uniformed security personnel can help deter criminal activities, reduce vandalism and property damage, and improve response times in case of emergencies.
According to the 2021 Crime in the United States report published by the FBI, the property crime rate in the United States increased by 3.3% in 2020. This increase in property crimes highlights the need for increased security measures in multifamily properties. By investing in Occam Security’s uniformed security officers, property managers, and owners can help reduce the incidence of property crimes on their properties, creating a safer and more desirable community for residents.
Increased Resident Retention
Investing in security measures such as uniformed security personnel can also help improve resident retention rates. A study by the National Multifamily Housing Council found that security was a top concern for residents when it comes to renewing their leases. By providing quality uniformed security officers, property managers and owners can demonstrate their commitment to resident safety, creating a sense of security and comfort for residents that can lead to increased satisfaction and retention rates.
Occam Security’s Role in Improving Property NOI
Occam Security’s focus on providing quality uniformed security officers can help to mitigate security concerns in multifamily communities. By offering a visible presence and proactive security measures, they can help to deter criminal activity and reduce the risk of incidents occurring. This, in turn, can lead to a reduction in expenses related to security incidents and a decrease in resident turnover, resulting in improved property NOI.
Conclusion
Occam Security’s uniformed security officers offer multifamily property managers and owners an effective way to improve NOI, create safer communities, and increase resident retention rates. With the rise in property crimes and the increasing demand for safe and secure living environments, investing in quality security services is more important than ever. By partnering with Occam Security, property managers and owners can provide their residents with the peace of mind they need to call their multifamily property home.
Joe Hughes is a US Army Intelligence veteran with over 30 years of experience in Security Management. He has worked in multiple security fields including Private Investigations, Uniformed Security, Executive Protection, Retail Loss Prevention, etc.
He is a certified interviewer/interrogator and has successfully closed thousands of cases in his career, recovering millions of dollars of lost merchandise and cash.