As a Windermere rental property owner, you will always be seeking options to lessen property maintenance costs. Re-keying your rental property’s locks is an important step. While there are other things you might be able to skip safely, this one is not. No matter how peaceful your last tenant left, be sure to have your property’s locks re-keyed between tenants. There are several reasons for this. However, the most important being the security of your property, as well as 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 inhabited or not. Even temporary vacant rentals can become targets for criminal mischief and burglary. If your last tenants copied their key and gave it to someone who was not on the lease, this is more likely to occur. To make your property secure and steer clear of criminal activity, you need to manage who has access to the property and when. You can do this more easily by re-keying your property’s exterior doors the minute your tenant moves out.
Unreturned keys become an even more challenging issue for your future tenants. To feel safe in their rental homes, that’s what tenants want to feel. But if your last tenants still have a key to the house, that sense of safety may be a dangerous illusion. If an old tenant or a person they gave a key to does a break-in, you may be liable for any damage or injury that occurs. Beyond that, you will lose the trust of your current tenant, which may result in canceled leases and pricey turnovers. To achieve tenant safety, it’s essential to re-key the locks.
Even though the cost of re-keying the locks between tenants may make you hesitate, 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 grow the demand for your property this way, you may even be able to charge more for rent and easily recover anything you paid to have the locks re-keyed.
Alternatives to Re-Keying
Present landlords are seeking other options to help ensure the safety of their property and tenant. Some landlords find it more cost-effective to install an electronic keypad or smart key product instead of re-keying the locks each time a tenant moves out. While that route can cost more upfront, the benefit is that you can simply 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?
You may be able to re-key the locks of your rental property yourself if you are skillful enough. 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 may cost less than replacing the entire lock, knob, or deadbolt. It is important to note is that this has to be done precisely and that you have a completely new set of keys to give to your new tenant.
Tenant move-out can be a frantic time for property owners. Why not let Real Property Management South Orlando professionals do it for you? Our Windermere 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 407-982-2000.
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