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Updated over 5 years ago, 09/04/2019

Account Closed
  • Real Estate Agent
  • Arlington
100
Votes |
162
Posts

Digital locks for self-management

Account Closed
  • Real Estate Agent
  • Arlington
Posted

I’m interested in creating a self-management model that cuts inefficiencies of normal property management services. I’ve spent a lot of money on mediocre service that provides marginal value. I know people say your property manager should make you money, but that is exceedingly rare in my opinion. Time to trim the fat and find ways to innovate.

I’m interested in digital door locks that are on the market (like these). If those were installed on out of state SFRs, one could control many aspects of a rental property that a property manager would normally steward. For example, one could work with a local Realtor to show a property to tenants and select to have the door open within certain time windows. There could also be certain windows of time open for contractors and cleaners to have entry. From what I can tell, a custom lock combo can be provided to anyone coming into the home and then deleted afterward (all via a phone app). This is pretty remarkable, albeit it’s been available for quite some time already...however, the prices seem to be dropping. Also, I see Amazon gives the option for on site installation (fee required - very convenient).

I’m curious if anyone has had success with this? I could see the benefit for reduced instances of changing locks during tenant turnovers or lost key instances, which could be a significant future cost saver and hassle-remover (equally important).

I’d value any thoughts and input tremendously. Thanks!

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