As a Brandywine rental property owner, you are constantly finding ways to lessen property maintenance costs. While some things you might be able to safely skip, re-keying your rental property’s locks is not one of them. No matter how friendly your last tenant left, you should always have your property’s locks re-keyed between tenants. There are a lot of reasons for this, the most essential being the security of your property, the safety of future tenants, and helping boost 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 mischief and burglary. This is more likely to occur if your last tenants copied their key and gave it to somebody 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 can achieve this by rekeying your property’s exterior doors as soon as your tenant moves out.
Unreturned keys become an even more severe problem for your future tenants. To be unharmed in their rental homes is what tenants want to feel. But if your last tenants still have a key to the house, that sense of safety may not hold true. If an old tenant or an individual they gave a key to does a break-in, you may be liable for any damage or injury that happens. On top of that, this could result in canceled leases and expensive 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 likely tenant is troubled about safety, you can lessen those fears by guaranteeing that their locks have been re-keyed; and they may choose 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 alternatives do cost more upfront, the benefit is that you can quickly change the key code or smart key tool yourself. Perhaps the most challenging part of these alternatives is remembering to do it as part of the move-out process.
DIY or Hire a Pro?
If you are skillful enough, you may be able to re-key the locks of your rental property yourself. While it is not a challenging task to do, it does take a bit of know-how. To ensure the task is done well, you may instead choose to hire a professional to come in and do it for you. It could cost less than replacing the entire lock, knob, or deadbolt. The most vital thing to note is that it is done precisely and that you have a completely new set of keys to provide to your new tenant.
Tenant move-out can be a busy time for property owners. How about letting the professionals at Real Property Management Gold do it for you? Our Brandywine property managers are skilled at handling all aspects of the move-out process requires and can find you an awesome new tenant as well! To learn more, contact us online or call us at 301-392-2172.
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