With the advancement of technology, CCTV was designed to be more than just security. It is also a management tool. You can view the cameras remotely including on a smart phone. You can also program alarm inputs which will trigger and alarm status that can be emailed. When incidents occur, you can do a rapid search so that you no longer have to search hours on end of video tapes. The caveat to CCTV is that it is security too. When installing a CCTV system, people often times are deterred from crime.
Regarding the ROI - what you really need to do is look at hard costs, ie. Vandalism and theft (regardless if these have occurred or not. It's the cost if it did). Also you need to look at soft costs, ie. What is your time worth? How much does it cost if the maintenance is not being done on the property? How much are you paying the maintenance crew and if they are not doing their job how much money do you throw away? How much business could be lost if patrons no longer feel safe to shop in your tenants store? If the tenant is loosing business can he continue to afford to pay for rent?
If you really look at it from that perspective, then CCTV pays for itself very quickly.
Edge Security Systems
MGR Real Estate
Dec 18, 2010