When it comes to rental properties, security is vital. Regardless of where you manage your rentals, danger can be anywhere. Feeling safe inside your home is not only comforting but a priority. You need rental property security.
The advancement of keys and home entry systems has grown tremendously over the years. Now, they consist of passcode entries, lock boxes, and much more. Those horror stories most rental managers have could be a thing of the past with the new advances in this technology.
To better decide if keyless entry systems are something worth switching over to for your property and peace of mind, we’ve compiled a list of the pros and cons.
With our devices more on hand than our keys are nowadays, it’s easier to be forgetful. With keyless entry systems, there’s no worry about losing keys or getting locked out. More than that, you can even access your home through that device you never forget with a click of a button.
In rental management, this also makes it much easier to track who is coming in and out of your rental property with keyless systems. This allows for added rental property security measures and the ability to change codes between residents without having to re-key locks which can be a hassle in itself.
The installation in itself can be quite a hefty price costing anywhere from $170 to $450. According to Home Serve, here is the average price breakdown:
- Average price range: $50-$400
- Keypad locks: $75-$175
- RFID locks: $100-$300
- Wi-Fi locks: $200-$300
- Bluetooth locks: $135-$225
- Biometric locks: $85-$250
- Z-Wave locks: $175-$325
- Total price with professional installation: $175-$450
- Compare to conventional lock installation: $145-$300
When you have old residents leaving and new ones coming, you have to be diligent when changing the code as you manage your rental. This is because, unlike traditional keys, codes can easily be shared and you never want to run the risk of someone unauthorized gaining access to your rental property, causing a rift in security.
It’s important to research what system you’re going with and the area you live in. Some places often have power outages and some key lock systems work off of Wi-Fi. This could be a big problem if the two cross paths.
On top of that, keyless entry systems tend to be more expensive when it comes to fixing any malfunctions or damages. So if you aren’t diligent, more is at risk than an unauthorized entry.
What’s the Best Option for Your Rental Property Security?
This is ultimately up to you. There are an even number of drawbacks and benefits, both can be costly but they can also vary depending on the system you go with. This is why it’s important to research thoroughly and have a clear understanding of what you’re looking for.
Have any questions about your rental management and next steps? Contact us today at Amanica to talk to your resident experts who value transparency and proactive hands-on assistance.