As a Woodlands rental property owner, you will consistently seek ways to reduce 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. Even if your last tenant left in a good way, you should always have your property’s locks re-keyed between tenants. There are several reasons for this, but the most crucial 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 primary 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. So that your property remains secure and will not have any criminal activity, you need to control who has access to the property and when. This is done quickly by re-keying your property’s exterior doors as soon as a tenant moves out.
Unreturned keys become an even more central problem for your future tenants. Tenants want to feel safe while living in their rental homes. But if your past tenants still have a key to the house, that feeling of safety may be challenged. 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 happens. On top of that, this could lead to canceled leases and costly turnover because you lost the trust of your current tenant. To meet tenant safety, it’s important 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 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 demand for your property this way, you may even be able to price your rent more and quickly recover the amount you paid from having the locks re-keyed.
Alternatives to Re-Keying
Present landlords are seeking other options to help ensure the safety of their property and tenant. There are landlords who 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 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 instead choose to hire a professional to come in and do it for you to ensure the task is done right. It may be less costly 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, for property owners, can be a frantic time. How about letting Real Property Management Republic professionals do it for you? Our Woodlands property managers are skillful at handling all portions 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 281-362-5001.
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