Pros and Cons of Keyless Entry for Rental Properties
Residential Property Management

Pros and Cons of Keyless Entry for Rental Properties

The rental industry has greatly benefited from advancements in technology, and one area that has seen significant innovation is keyless entry systems.

With various options available, landlords may wonder which system is best suited for their properties. Balancing technology, ease of use, and cost can be challenging. Here, we explore the benefits and potential drawbacks of keyless entry systems to help you make an informed decision.

What Are Keypad Locks?


Keypad locks are a popular choice among landlords. These locks use a numeric code to secure and access the door. Codes can be easily set and reset, and some models also allow the use of a traditional key as a backup. Other types of keyless entry systems include biometric locks and smart locks that can be controlled via smartphone apps.

Advantages of Keyless Entry Locks

1. Improved Security

Standard door locks with keyholes are susceptible to being picked or broken into. Keyless entry systems eliminate this vulnerability, as there is no keyhole to tamper with. Additionally, codes can be changed quickly, saving time and money on lock replacements between tenants.

Keyless entry systems also offer advanced security features such as automatic locking mechanisms, which ensure the door is always locked when closed. This reduces the risk of tenants forgetting to lock the door, further enhancing property security.

2. Eliminates Lockouts

Lost keys are a common problem that often results in lockouts. Keyless entry systems remove the need for keys, reducing the likelihood of lockouts and eliminating late-night calls from tenants who are locked out. This provides peace of mind for both tenants and landlords.

Additionally, keyless entry systems often come with remote access features, allowing landlords or property managers to unlock the door remotely if a tenant is locked out. This added convenience can save time and reduce stress for both parties.

3. Bonus Amenity

Keyless entry systems are seen as an upgrade by renters, offering added convenience and security. This technology can make your property more attractive to potential tenants, enhancing its marketability.

Modern renters, especially millennials and Gen Z, are tech-savvy and appreciate smart home features. By installing keyless entry systems, you cater to this demographic, potentially leading to quicker leasing and higher tenant satisfaction.

4. Access Control

‍Keyless entry systems offer greater control over who has access to your property. Codes can be reset online or at the keypad, and programmable time limits can restrict entry further. This is particularly useful for property managers who need to coordinate maintenance work without the hassle of distributing and collecting keys.

In addition, keyless entry systems can generate unique access codes for different users, such as maintenance workers, cleaners, or temporary guests. This allows for better monitoring of who enters the property and when, enhancing overall security.

5. Easy Installation

Installing keyless entry locks is straightforward and does not require special tools or skills. They can be placed like standard locks without altering the door or doorframe, making them a convenient option for landlords.

Moreover, the ease of installation means that property owners can quickly upgrade their security without significant downtime. This is particularly beneficial for busy rental properties with high turnover rates.

Drawbacks of Keyless Entry Systems in Rental Homes

1. Higher Initial Cost

While a standard lock costs around $50, keyless entry systems can cost a few hundred dollars. If part of a more extensive security system, the cost can be even higher. However, the added security and convenience can justify the investment.

Additionally, the long-term savings from not having to replace locks frequently can offset the higher initial cost. It’s essential to consider the overall value rather than just the upfront expense.

2. Potential for Lost Accessories

Some keyless systems come with remote controls that tenants can lose, similar to keys. Lost remotes pose a security risk, but this can be mitigated by relying solely on the keypad for entry.

Another solution is to use systems that do not require any physical accessories, such as those operated via smartphone apps. This reduces the risk of loss and enhances convenience for tech-savvy tenants.

3. Maintenance Requirements

Keypads can wear over time, making numbers hard to read and patterns evident to burglars. Regularly changing codes and maintaining the keypad is necessary. This adds an extra layer of organization for property managers.

Additionally, electronic components in keyless systems may require occasional updates or repairs. Landlords should factor in these maintenance needs when considering the overall cost and benefits of installing such systems.

Conclusion

Protecting your rental property and ensuring tenant safety should be top priorities. Keyless entry systems offer numerous benefits, including improved security, convenience, and marketability. However, they also come with higher initial costs and maintenance requirements. Consider your budget and goals when deciding whether to invest in this technology.


Evaluate your property’s security needs and consider the benefits of keyless entry systems. For expert advice and comprehensive property management services,  contact us at Gordon James Realty today to enhance your property's appeal and ensure peace of mind.

Residential property management
Home Security
Amenities

You may also like

Navigating the Home Inspection Process for Real Estate Investors
September 2, 2024
Residential Property Management

Navigating the Home Inspection Process for Real Estate Investors

Gain insight into the home inspection process for real estate investments. Learn why it's crucial, what it entails, and how to interpret findings.

Learn more
Mastering Lease Renewals: A Comprehensive Guide for Landlords
August 30, 2024
Residential Property Management

Mastering Lease Renewals: A Comprehensive Guide for Landlords

Learn the ultimate guide to lease renewals for landlords. Discover strategies, negotiation tips, and the importance of effective communication."

Learn more

Ready to make the switch?

We're proud to make partnering with us easy. Contact our team to connect with one of our industry experts and get started today.