As a rental property owner in Lawrenceville, you are always looking for options to reduce property maintenance costs. While there are a handful of things that are okay to skip, re-keying your rental property’s locks is not one of them. You should always have your property’s locks re-keyed between tenants, no matter how good your last tenant may be. There are many reasons for this, the most important being the security of your property, the safety of future tenants, and boosting your rental’s appeal to new tenants.
Secure Your Property
Security should be a priority concern for landlords, whether your property is currently filled up or not. Even temporary vacant rentals can become targets for criminal issues and burglary. This is more likely to happen if your previous tenants made a copy of their key and gave it to someone who was not on the lease. In order to make your property secure and avoid criminal activity, you need to be able to manage who has access to the property and when. You are able to do this more easily by re-keying your property’s exterior doors as soon as a tenant moves out.
Unreturned keys become an even more severe problem for your future tenants. Tenants want to feel secure in their rental homes. But if your previous tenants still have a key to the house, that feeling of safety may not be likely. If a previous tenant or a person they gave a key to does a break-in, you may be liable for any damage or injury that occurs. On top of that, this could lead to canceled leases and costly turnover because you lost the trust of your current tenant. To make tenant safety a reality, it’s essential to re-key the locks.
Despite the cost of re-keying the locks between tenants, you can use it as a selling point for your property. If a possible tenant is anxious about safety, you can ease those fears by guaranteeing that their locks have been re-keyed; and they may select your property over other rentals in the area. If you can build the value for your property this way, you may even be able to price your rent more and easily recover anything you paid from having the locks re-keyed.
Alternatives to Re-Keying
The landlords of today are looking for other options to help ensure the safety of their property and tenant. For example, in place of re-keying the locks each time a tenant moves out, some landowners find it more cost-effective to install an electronic keypad or smart key product instead. While such an alternative does cost more upfront, the benefit is that you can quickly change the key code or smart key tool yourself. Remembering to do so as part of the move-out process is perhaps the most challenging part of this alternative.
DIY or Hire a Pro?
You may be able to re-key the locks of your rental property yourself if you have the skill. It does take a bit of know-how. However, it can be a difficult thing to do. You may want to choose to hire a professional to come in and do it for you to ensure the task is correctly done. It could be a bit less pricey than replacing the entire lock, knob, or deadbolt. The most crucial thing to note is that it is done accurately and that you have a brand new set of keys to give to your new tenant.
Tenant move-out, for property owners, can be a hectic time. Why not allow the professionals at Real Property Management Executives Greater Atlanta to do it for you? Our Lawrenceville property managers are able to handle all aspects of the move-out process requires while finding you a great new tenant as well! To learn more, contact us online or call us at 678-504-8580.
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