Do I Have to Rekey My Rental Properties Between Tenants?
Did you know that there are nearly 3,500 property crimes per 100,000 people in Phoenix every year?
Whether you’re a seasoned property owner or just starting, you may be wondering if rekeying your rental between tenants is necessary.
In this blog post, we’ll explore the pros and cons of rekeying and help you make the best decision for your rental property management. Keep reading to learn more!
Why Is It Necessary to Rekey for Rental Properties?
When you move into a new home, you usually receive a set of keys from the previous owner. However, these keys may also work for other properties that use the same type of lock.
As a result, it’s important to have the locks rekeyed once you move in. Rekeying is the process of changing the internal components of a lock so that it can only be opened with a new key. This is an important security measure, especially for rental properties.
By having the locks rekeyed, you can be sure that only authorized people have access to your home. Rekeying is usually a quick and relatively inexpensive process, so there’s no reason not to do it when you move into a new place.
How Often Should You Rekey Locks of Your Rental Property?
As a landlord, it’s important to take steps to protect your rental properties against potential security threats. This ensures that former tenants can’t access the property, and it also allows you to issue new keys to the new tenants.
How often you need to rekey will depend on several factors, including the turnover rate of your rentals and the security features of your locks. However, as a general rule, it’s a good idea to rekey at least once a year. By taking this simple step, you can help to keep your rental properties safe and secure.
Who Is Responsible for Changing the Locks?
When a tenant moves out of a rental unit, the landlord is responsible for making sure that the unit is clean and in good repair, including the rekeying of locks. This is typically done when there is a change in tenants, or when the landlord suspects that the previous tenant cut extra keys.
Rekeying can be a time-consuming and expensive process, so it is important to determine who is responsible for this task before signing a lease.
In most cases, it is the responsibility of the landlord to rekey the unit. However, some landlords may require tenants to cover the cost of rekeying as part of their security deposit, but this should be stated in the contract.
Rental Property Management: Should You Rekey Between Tenants
As a landlord, you’ll have to decide what is best for your property and your budget when it comes time to rekey between tenants.
When you have high turnover or are simply looking to maximize the security of your property, rekeying between each tenant may be the best option. Ultimately, the decision is yours but if you need help managing your rental property, our team at Caldwell Property Management would be happy to assist.
We offer a variety of services designed to make your life as a landlord easier from finding qualified tenants to handling all the day-to-day maintenance and repairs. Contact us today to learn more about how we can help rental property management.