If you're a property owner building a new multi-family housing unit or upgrading an existing one, installing new and improved fire safety systems is a smart move. Not only will such a system protect your tenants, it can also help protect your property from extensive damage. Fire control systems also make financial sense. Insurance rates on the property may be lower, plus the system raises the value of the property —which pays off in the ability to charge higher rents or to eventually sell at a higher price.