Managing Vacant and Foreclosed Properties

vacant and foreclosed properties monitoring

Vacant buildings and foreclosed homes are becoming more common in our cities and neighborhoods. These vacancies come in a variety of property types from commercial, industrial, retail, residential, and more. As we commonly look at these vacant properties, we think no attention is needed. "There's nothing in there. What could go wrong?" Vacant properties are more susceptible to vandalism, criminal activity, and mother nature. If you are the owner of these properties, it is important to understand the dangers of these empty buildings, and take immediate steps to prevent them.

Keep Your Property Free of Trespassers One of the biggest problems with vacant properties is trespassing. These intruders can vary from thieves, vandals, and squatters. Trespassers know when a property is vacant, and if given enough time these invaders can cause costly damages and repairs.

Weather and Other Damage Even in a short amount of time, weather can cause significant damages to an unattended property. Securing doors, windows, and other small openings are also crucial to prevent damages from the wind, rain, snow and other forms of weather. During warmer months set the temperature to a minimum of 85° F to prevent damages due to humidity and mold. In the colder months, keep the temperature of a building or home at a lowest of 55° F to prevent pipes from freezing. It's also important to monitor areas around water heaters, faucets, and toilets in case a leak occurs which can cause some very extensive damage if it's not caught in time.

Protecting Vacant Properties

Owners of vacant properties have all experienced the same problem: monitoring properties is expensive. Every year, there are millions of dollars in losses due to property damage, theft, and more. In the past, these problems were difficult to prevent. If you didn't install state-of-the-art security systems these problems seemed inevitable. Thanks to Monnit, everything has changed.

foreclosed property monitoring solutions

The Monnit Solution

Monnit enables landlords to monitor and track various conditions of their property. Previously, available solutions were expensive and difficult to use. This has since changed with Monnit's affordable remote monitoring solutions, which make it easy to monitor multiple aspects of your facilities, from anywhere, at any time.

Problems from property damage can not only affect your bottom line; they can harm the reputation you worked so hard to build. You can save time and money by using a system that automatically monitors your facilities, and focus on what matters most: growing and improving your business. With a Monnit remote monitoring system in place, you add significant value to your property and ensure peace of mind for yourself and your clients without breaking the bank.

Monnit provides an enormous opportunity to protect your properties, attract customers, increase profits, and scale your business. Now you have a better understanding of how you can use Monnit and the Internet of Things, to be a competitive force in today’s market.

The Monnit Remote Monitoring System is the most intuitive, reliable, and cost-effective solution on the market. For more information about foreclosed and vacant property monitoring systems, visit our website.

"I love the simplicity and mobility of this system! The cell gateway and wireless sensors are easy to install for temporary use. When the home sells, it only takes me 2 minutes to pull the system out and then it’s off to the next home. It’s so comforting to know that I will get a text message if there is a water leak, or a door left open. It even helps me keep track of how many times a home is shown to potential buyers."

 - Lisa C., Real Estate Agent

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