Because there's no monthly fee, many self monitoring systems are cheaper than professional home security systems. Proponents also say self monitoring versions give homeowners a better sense of control over protecting their domain through access to live video feeds, mobile alerts, smartphone technology and other self monitoring tools. Still, a traditional, professionally monitored home security system has advantages. Professional security systems will automatically alert authorities in an emergency situation, such as a break in or a fire. With self monitoring systems, you have to make the call. Also, with a security provider, "you have someone to contact should your system have any kind of service issues," Walters says. A security company "can send out a technician to troubleshoot and fix a panel that's gone bad, which you don't have with a DIY approach. "A security provider can also keep eyes on your house when you're away on vacation, Guilbeau points out. And security providers will often offer to have an expert assess your home to help you determine the most effective setup for your house. But professional security providers tend to cost more. According to Consumer Reports, professional monitoring costs range from $100 to $300 annually, plus the cost of equipment.

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Hamilton founded the firm in 1914, and fast forward to 2012 and its revenue reached $5.

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