As an Adams Morgan rental property owner, you will always be seeking options to lessen property maintenance costs. Re-keying your rental property’s locks is an essential step. While there are other steps that are safe to skip, this one is not. No matter how friendly your last tenant left, you should always have your property’s locks re-keyed between tenants. There are many reasons for this, but the most important being the security of your property, the safety of future tenants, and helping to 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 issues and burglary. If your previous tenants copied their key and gave it to someone who was not on the lease, this is more likely to happen. 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 safe while living in their rental homes. 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 an individual they gave a key to does a break-in, you may be liable for any damage or injury that happens. 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.
Despite the cost of re-keying the locks between tenants, you can use it as a selling point for your property. If a potential tenant is concerned about safety, you can put those fears to rest by guaranteeing that their locks have been re-keyed; and they may decide to get your property over other rentals in the area. If you can grow the value for your property, you may even be able to charge more for rent and get back anything you paid to have the locks re-keyed.
Alternatives to Re-Keying
The landlords of today are seeking other options to help ensure the safety of their property and tenant. A handful of 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 such an alternative does cost more upfront, the benefit is that you can quickly change the key code or smart key tool yourself. Perhaps the hardest 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. It does take a bit of know-how. However, it can be a difficult thing to do. To ensure the task is done right, 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. The most crucial aspect to keep in mind is that it is done correctly and that you have an entirely new set of keys to provide to your new tenant.
Tenant move-out can be a busy time for property owners. How about having the professionals at Real Property Management DC Metro do it for you? Our Adam’s Morgan property managers can manage all aspects of the move-out process requires and find you an awesome new tenant! To learn more, contact us online or call us at 202-269-0303.
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.