As a Pasadena rental property owner, you’re constantly trying to find systems to reduce property maintenance costs. While it is a matter of fact that you can do some things to save money, re-keying your rental property’s locks is not one of them. Heedless of how amicably your last renter left, you should, all the time, have your property’s locks re-keyed between renters. There are a few reasons for this, the most relevant being the security of your property, the safety of future renters, and certainly helping boost your rental’s appeal to new renters.
Security should be the greatest concern for Pasadena property managers, whether or not your property is currently occupied. Even for just a time, vacant properties can indeed be targeted for criminal mischief and burglary. This is only made a lot easier if your previous renters copied their key and gave it to someone that wasn’t on the lease. To keep your property secure and to restrict criminal activity, you need to be able to control who has access to the property and when. You can settle this more easily by re-keying your property’s exterior doors shortly after a renter moves out.
Unreturned keys are a major issue for your future renters. Renters seek to feel safe in their rental homes. Nonetheless, if your past renters still have a key to the house, that feeling of safety may be certainly a dangerous illusion. If a previous occupant or someone they gave a key to does break in, you may find yourself liable for any damage or injury that results. You will thus lose the trust of your renter, which may provoke canceled leases and financially harmful turnover. To make renter safety a reality, it’s relevant to re-key the locks.
While it is a matter of fact that the cost of re-keying the locks between renters may easily make you hesitate, you can certainly use it as a selling point for your property. If a prospective renter is worried about safety, you can simply allay those fears by guaranteeing that their locks have been re-keyed; and they may decide on your property over similar rentals in the area. If you can increase demand for your property, you can charge a bit more for rent and very swiftly recover anything paid to have the locks re-keyed.
DIY or Hire a Pro?
If you are handy, you can re-key the locks of your rental property yourself. Much as it is trouble-free to achieve, it does take a bit of understanding and skill. And re-keying the locks can be a bit more cost-effective than replacing the entire lock, knob, or deadbolt.
Nonetheless, to nail down the job is completed appropriately, you may need to hire a professional to come in and do it for you. A professional locksmith will be able to finish the job more efficiently and impart you higher confidence that the re-key was done perfectly well. Either way, the most integral thing is that it is acted upon properly, and you have an entirely new set of keys to give to your new renter.
Alternatives to Re-Keying
Today’s landlords are seriously looking for other solutions to help always make sure of their property’s and renter’s safety. By way of illustration, instead of re-keying the locks every time a renter moves out, many landlords find it more cost-effective to install an electronic keypad or smart key product. Particularly, installing a keyless entry system that rests on a code instead of a physical key could keep off the need for re-keying your property altogether. Highly advanced keyless entry systems, in particular, mandate a smartphone app to unlock. Despite that such options cost more upfront, the huge benefit you gain is that you can simply change the key code or smart key tool. Eventually, a keyless entry system could add up to pretty significant savings.
Renter move-out can be such a hectic time for property owners. Why not let the professionals at Real Property Management Fairmate do it for you? Our Pasadena property managers are fully equipped to work with everything the move-out process entails and can find you a better new renter! To learn more, contact us online or call us at 626-691-9749.
Originally Published on July 2, 2021
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