{"id":184604,"date":"2025-09-05T13:43:29","date_gmt":"2025-09-05T19:43:29","guid":{"rendered":"https:\/\/www.biggerpockets.com\/blog\/?p=184604"},"modified":"2025-09-05T13:44:21","modified_gmt":"2025-09-05T19:44:21","slug":"how-smart-locks-can-protect-your-money","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/how-smart-locks-can-protect-your-money","title":{"rendered":"Smart Locks Protect Access, But They Can Also Protect Your Money When Things Go South"},"content":{"rendered":"\n

You ran the numbers. You raised the rent. Not only that, but you upgraded the unit. But you forgot one thing: security.<\/span><\/p>\n\n\n\n

Now your <\/span>cap rate<\/span><\/a> is bleeding from a $30 lock you haven\u2019t thought twice about since the tenant moved in.<\/span><\/p>\n\n\n\n

The Cost of Poor Access Control<\/span><\/h2>\n\n\n\n

On paper, the numbers looked great: <\/span>cash flow<\/span><\/a>, capex, projected <\/span>ROI<\/span><\/a>. But when access control <\/span>is overlooked<\/span>, hidden costs start to creep in\u2014and they hit harder than most landlords expect.<\/span><\/p>\n\n\n\n

That\u2019s when things get expensive.<\/span><\/p>\n\n\n\n

Lost rent during evictions<\/span><\/h3>\n\n\n\n

If a former tenant hands off their key to someone else, or you forget to rekey between leases, you may unknowingly allow someone to stay in the unit without a lease or legal right.<\/span><\/p>\n\n\n\n

At that point, you can\u2019t just knock on the door and ask them to leave\u2014you\u2019re dealing with a <\/span>full<\/span> eviction process. That means court filings, legal fees, sheriff scheduling, and weeks or even months of unpaid rent. And since the person occupying the unit may not be who was screened or approved, you’re facing increased risk across the board.<\/span><\/p>\n\n\n\n

Property damage<\/span><\/h3>\n\n\n\n

Unauthorized occupants often treat your property with far less care than someone who <\/span>was properly vetted<\/span>. You might walk into a unit post-move-out and find damaged floors, holes in drywall, broken appliances, or worse. <\/span><\/p>\n\n\n\n

If <\/span>access wasn\u2019t <\/span>properly<\/span> controlled<\/span> and <\/span>the lock was never changed<\/span>, you could also be on the hook for break-ins\u2014and insurance companies aren\u2019t always quick to reimburse when the issue stems from negligent security. <\/span><\/p>\n\n\n\n

What seems like a <\/span>small<\/span> oversight can quickly lead to a full-blown rehab that eats away at your annual returns.<\/span><\/p>\n\n\n\n

Tenant complaints and liability<\/span><\/h3>\n\n\n\n

Tenants expect their home to be private and secure. When contractors or vendors show up unannounced, or if a tenant believes someone entered their unit without permission, it can spark complaints or, worse, legal action. <\/span><\/p>\n\n\n\n

And if you don\u2019t have any <\/span>kind of<\/span> audit trail or digital access log to back you up, it\u2019s your word against theirs.<\/span> That kind of uncertainty opens the door to liability, damages, and a tarnished reputation.<\/span><\/p>\n\n\n\n

Limited visibility and control over access<\/span><\/h3>\n\n\n\n

Traditional keys offer zero visibility. You have no idea how many copies exist or who might be using them. <\/span><\/p>\n\n\n\n

With smart locks like the <\/span>Schlage XE360<\/span><\/a>, you gain precise control. You can grant one-time or time-limited access to vendors, cleaners, or team members and see exactly when they enter and exit. That level of oversight reduces liability and improves accountability. No more worrying if someone left a door unlocked or returned after hours. You stay in control, no matter where you are.<\/span><\/p>\n\n\n\n

\"Schlage<\/figure>\n\n\n\n

Inefficiency during turnovers<\/span><\/h3>\n\n\n\n

Every day a unit sits vacant is a day of lost revenue. Waiting on a locksmith to rekey a unit adds unnecessary delays\u2014especially when turnovers are already time-sensitive. If a vendor can\u2019t access the property because they\u2019re waiting on a key, your make-ready timeline slips. Compound that across several properties, and your vacancy losses start to snowball. <\/span><\/p>\n\n\n\n

Smart access allows you to streamline the process by resetting access remotely, coordinating vendor entry more efficiently, and getting your unit rent-ready faster.<\/span><\/p>\n\n\n\n

These aren\u2019t just minor inconveniences: They\u2019re silent profit leaks.<\/span><\/p>\n\n\n\n

Security might not be the first thing you think about when analyzing a deal\u2014but if you get it wrong, it\u2019s the very thing that can quietly eat away at your margins, create unnecessary legal risk, and undermine the trust you’ve built with your tenants. Prioritizing access control isn\u2019t just a defensive move\u2014it\u2019s <\/span>a smart<\/span>, scalable system that protects everything you\u2019re working to <\/span>build<\/span>. It can even <\/span>add to your property\u2019s value<\/span><\/a>!<\/span><\/p>\n\n\n\n

Lost Keys = Lost Control<\/span><\/h2>\n\n\n\n

It\u2019s easy to underestimate <\/span>how much<\/span> damage a single bad actor can <\/span>do<\/span>, especially when the door is wide open for them.<\/span> Whether it\u2019s a key that\u2019s never returned or a mechanical lock that hasn\u2019t <\/span>been updated<\/span> in years, you\u2019re rolling the dice with every turnover. What\u2019s worse is not having any record of who accessed the property and when.<\/span><\/p>\n\n\n\n

With today\u2019s <\/span>smart access systems<\/span><\/a>, you can finally take back control.<\/span><\/p>\n\n\n\n

Why Smart Landlords Are Upgrading Their Locks<\/span><\/h2>\n\n\n\n

A modern portfolio needs modern protection\u2014especially if you\u2019re self-managing small <\/span>multifamily<\/span><\/a> or light <\/span>commercial<\/span><\/a> properties. <\/span>Wireless commercial-grade smart locks<\/span><\/a> with cloud-based access control <\/span>are no longer reserved<\/span> for high-rise buildings or corporate portfolios. They\u2019re affordable, scalable, and built with independent landlords in mind.<\/span><\/p>\n\n\n\n

With solutions like <\/span>Schlage\u2019s keyless locks<\/span><\/a> and <\/span>Zentra\u2019s cloud-based access management solution<\/span><\/a>, landlords gain a higher level of control, visibility, and flexibility across their rental portfolio. You can remotely rekey locks between tenants in seconds\u2014no need to schedule a locksmith or worry about physical keys changing hands. Every access event <\/span>is tracked<\/span> with detailed audit trails, so you\u2019ll know <\/span>exactly<\/span> when a door was opened and by whom.<\/span><\/p>\n\n\n\n

This kind of transparency not only improves security\u2014it also protects you in the event of tenant disputes or liability claims. You can issue one-time or time-restricted access to contractors, cleaners, or maintenance workers, ensuring they can only enter when permitted\u2014and you\u2019ll be able to monitor when they arrive and when they leave. And because everything <\/span>is managed<\/span> digitally, you can instantly revoke access if needed, without driving to the property or replacing locks.<\/span><\/p>\n\n\n\n

It\u2019s not just about keeping bad actors out\u2014it\u2019s about building a smarter, more secure operation that protects your tenants, your team, and your bottom line.<\/span><\/p>\n\n\n\n

\"Schlage<\/figure>\n\n\n\n

Security Is an Investment, Not an Expense<\/span><\/h2>\n\n\n\n

The irony is that the landlords who say they can\u2019t afford to upgrade their locks are often the ones who pay for it in far more painful ways\u2014through denied insurance claims, tenant disputes, extended vacancies, or legal trouble. A $300 smart lock might feel like an unnecessary expense when <\/span>you’re focused<\/span> on cutting costs<\/span>, but that<\/span> perspective shifts fast when you’re staring down $3,000 in damage from an unauthorized occupant or weeks of lost rent due to delayed rekeying.<\/span><\/p>\n\n\n\n

When security <\/span>is treated<\/span> as an afterthought, <\/span>small<\/span> oversights snowball into expensive problems. But smart access control gives you the tools to prevent issues before they start. You set clear boundaries, control who enters and when, and gain proof to back you up if something goes wrong. It keeps honest people honest, helps prevent the <\/span>wrong<\/span> people from slipping through the cracks, and ultimately protects the cash flow your entire investment strategy depends on. <\/span><\/p>\n\n\n\n

Because the cost of prevention is always less than the cost of fixing what went wrong, smart locks aren\u2019t a <\/span>luxury,<\/span> they\u2019re a line item in protecting your ROI.<\/span><\/p>\n\n\n\n

Protect your properties before the next <\/span>turnover<\/span><\/h3>\n\n\n\n

Take control of your property with Schlage\u2019s<\/span> smart<\/span>, secure access control solutions<\/span><\/a> that <\/span>were built<\/span> for multifamily properties, their owners, and their residents \u2013 and protect your bottom line and investment. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

You ran the numbers. You raised the rent. Not only that, but you upgraded the unit. But you forgot one thing: security. Now your cap rate is bleeding from a […]<\/p>\n","protected":false},"author":273816,"featured_media":184595,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":true,"footnotes":""},"categories":[1091],"tags":[],"class_list":["post-184604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/184604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/273816"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=184604"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/184604\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/184595"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=184604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=184604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=184604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}