I also always re-key after every tenant. I use the Kwikset Smart Key system.
This made me wonder, however, how can you prove that you rekeyed if something ever happened? If you hire a locksmith, you have the receipt. But if you re-key using a DIY method (change code, cylinder, lockset, or use a Smart Key), how can you prove it? The only thing I can think of is to record a video, but that's kind of cumbersome to do and store.
Idea being a quick code change between tenants without the fuss of managing keys, changing or rekeying locks on turns. Though we have not run into this situation yet, this lock could allow the tenant to set a one-time use code to allow a service provider into the property if they could not be home at the time.
Also we wrote into a lease addendum that the tenant is responsible for replacing the batteries as required. Lockouts due to failure of replacing the batteries are subject to management lockout fees or a locksmith at the tenant's expense.
I rekey every other tenant, but I also use upgraded locks so you cant just go to HD, you need a locksmith to get a key cut. So I issue the key, and if they get a locksmith to cut a key for $50 good for them. For them to hold onto that key after they move out (they return the 2 issued) means they were a criminal anyway and they would prob leave a window unlocked to break in if they could.
Yes always it’s the landlords responsibility to do so it creates a huge liability if you don’t. They have the simple kwickset locks that have an easy rekey button on them which makes it very cost effective for landlords.
Kwikset SmartKey locks are the way to go. Rekeying takes 30 seconds or less per door, and all locks on the unit can then be keyed to a single key. Tracking keys is simplified and no need for a locksmith.
We use programmable/electronic locks on our rentals. It’s quick and easy to change code during turnover but they are slightly more expensive than standard key locks.
We use programmable/electronic locks on our rentals. It’s quick and easy to change code during turnover but they are slightly more expensive than standard key locks.
What brand?
I don’t recall the brand, we bought at Home Depot, wasn’t the cheapeast or most expensive.
There are other types of insurance, like living in a small, rural, conservative town full of gun owners instead of a large, low-class community where crime is an actual risk. :)
Again, changing a lock keeps honest people honest. It increases the difficulty of entering the home by about 5%. I guarantee I could test the first 100 houses I come to in my town and at least half of them will have an unlocked door or window.
There are almost 50 million rentals in America. How many times have you heard of a tenant copying a key and then breaking back in after having moved out? I network with thousands of property managers around the country, thousands of Landlords on this forum, and read a lot of rental-related news and I can't recall hearing about it once. I'm sure it happens, but ordinary break-ins are significantly more common.
We do get tenants from out-of-area that are concerned about crime. We always disclose that we do not change locks. If the tenant requests a lock change, we always honor their request.
I don't buy tornado insurance because the risk is ridiculously low. Same for locks.
My properties are in a suburban area, but not "low class", in fact, one of the wealthiest towns in the Midwest. Crime rate of 12.67 per 1000 residents to your 16.19. (Crime is an "actual risk" everywhere there are human beings. ) Seven of our ten properties were foreclosures, and in the nine years we've been at it, we've had three attempts to enter our properties by the owners who were foreclosed upon. So, almost half of our foreclosed properties and 30% of the total. None were successful as the places had been rekeyed, and nobody then went on to break a window. All were caught by current tenant and/or neighbors. Police were called in two cases but person fled, license numbers were noted and it was ascertained that they were indeed former owners, but not much legally could be done. Third time they screwed up the current lock, and we are making assumptions about who it was. And if we HADN'T rekeyed? Pretty sure much more loss than the $30 or so per lock. Not to mention peace of mind. I don't know anyone who doesn't have a sketchy friend or relative. I find it safest to always assume a copied key is in the wrong hands, and to eliminate the risk. YMMV.
@Mary Mitchell Yes absolutely. If someone broke into the home using the “old key” you would likely be liable. You can buy Kwikset SmartKey lock-sets from Lowe’s or Home Depot. They can be programmed to a new key whenever your tenants move out.