Re-keying locks

[Daniel H.]

Wondering if other landlords on here re-key the locks on apartments every time they change tenants? Is this something that is inexpensive to do?

[Dawn Anastasi]

I've only done 1 SmartKey lock -- it was more expensive, and I figured it was more cost effective to get lock sets for $15 (2 deadbolts, 2 handles, all matching keys) then if I need to change one out, I just cycle them to a different property.

No one knows that they've been used before and at what property but me. I store the old locks in ziploc bags to keep everything together -- including the keys.