Spare keys out of state investor

Spare keys out of state investor

Member since 2022 · 30 posts · 21 votes

Hello BR community,

How do you manage the process of handling spare keys if you are out of state investor and managing the property yourself.

The only thing I can think of is mailing an overnight spare key to the tenant. But the tenant will have to wait a whole day to get in their unit.


Any solutions would be helpful?

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  • Kerry Noble JrPro Member
    Investor · Indianapolis, IN · Member since 2018 · 2k+ posts · 1k+ votes
    3y

    I help my out of country/state partner self manage.....im like that 3rd party partner. Find someone on the ground that can bring you value in being boots on the ground for many things.....

  • Rental Property Investor · Edmond, OK · Member since 2017 · 1k+ posts · 1k+ votes
    3y

    Having a boots on the ground person is super helpful. I will have someone put a lockbox on the property so that way the approved tenant can access the property on move-in day. If you have a contractor, they can put a lockbox on the door when they change out the locks between tenants. I tell the tenants to keep the lockbox in the garage and when they move out, they can put the lockbox back on the door and put their keys back in there. 

  • Colleen F.Pro Member
    Investor · Narragansett, RI · Member since 2013 · 8k+ posts · 4k+ votes
    3y

    @Vishal Amin  have a lock box onsite you don't tell them about until there is an issue but my feeling is it should be uncomfortable to loose the keys.  You want a lockbox anyway in case of emergency or vacancy.

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