Why Smart Locks for Rental Properties Are Essential
Managing rental properties comes with a unique set of challenges, from ensuring tenant security to handling frequent turnover. For rental property owners, upgrading to smart locks can revolutionize this process, offering advanced technology paired with unmatched convenience. These locks provide enhanced security, keyless entry, and remote management—a perfect solution for both landlords and tenants.
In this guide, we highlight the top 8 smart locks of 2024 for rental properties. Whether you’re a landlord overseeing multiple units or a property manager seeking efficient solutions, these smart locks cater to your needs while providing peace of mind.
What Are Smart Locks?
Definition and Types of Smart Locks
Smart locks are electronic locks that leverage advanced technology to provide secure and convenient access control for homes, apartments, and rental properties. As a key component of smart home systems, they offer features such as remote access, auto-locking, and smart home integration, making them an essential upgrade for modern living.
Smart locks can be broadly categorized into two main types: full deadbolt locksets and partial smart locks.
Full Deadbolt Locksets: These locks replace the existing deadbolt entirely, offering a robust set of smart features and a stronger deadbolt. Ideal for homeowners looking to upgrade their existing lock system, full deadbolt locksets provide advanced functionalities such as remote access, keyless entry, and seamless smart home integration. They are perfect for those who want to enhance their security and enjoy the convenience of smart features.
Partial Smart Locks: These locks only replace the interior thumb lever and plate, utilizing the existing deadbolt and exterior keyed lock. This makes them an excellent option for renters or homeowners who want to add smart features to their existing lock system without the need for a complete replacement. Partial smart locks are easy to install and offer a cost-effective way to upgrade to smart technology.
Popular types of smart locks include:
- Keyless Smart Locks: These locks use a keypad or touchscreen to enter a code, eliminating the need for physical keys. They are convenient and reduce the risk of lockouts.
- Biometric Smart Locks: Utilizing fingerprint or facial recognition technology, these locks offer a high level of security and ease of access.
- Smart Deadbolts: Replacing the existing deadbolt, these locks come with advanced features such as remote access and smart home integration, making them a comprehensive security solution.
- Retrofit Smart Locks: Designed to work with existing deadbolts and door hardware, retrofit smart locks are perfect for those who want to add smart features without changing the entire lock system.
When choosing a smart lock, it’s essential to consider factors such as compatibility with existing hardware, ease of installation, remote access capabilities, and smart home integration. Brands like August, Schlage, and Yale offer a range of smart lock solutions tailored to different needs and budgets.
In summary, smart locks are electronic locks that use advanced technology to provide secure and convenient access control for homes, apartments, and rental properties. They come in various types, including full deadbolt locksets, partial smart locks, keyless smart locks, biometric smart locks, smart deadbolts, and retrofit smart locks. When selecting a smart lock, consider compatibility, ease of installation, remote access capabilities, and smart home integration to find the best fit for your needs.
Why Choose a Smart Lock for Your Rental Property?
Redefining Property Management
Most smart locks offer capabilities that elevate rental property management beyond what traditional locks can provide. They address challenges such as tenant turnover, remote access, and overall property security, making them a superior choice for landlords and property managers.
What Makes Smart Locks Perfect for Rentals?
Key Benefits:
- Keyless Entry: Eliminate lost keys and lockouts by enabling entry through PINs, fingerprints, or smartphones.
- Remote Management: Grant or revoke access instantly from anywhere, saving landlords time and effort.
- Enhanced Security: Advanced features like encryption, tamper alerts, and activity tracking protect against unauthorized access.
- Better Tenant Experience: Tenants appreciate the modern convenience and seamless operation of smart locks.
For landlords, these benefits translate to fewer headaches, streamlined operations, and happier tenants.
Key Features to Look for in a Rental Property Smart Lock with Remote Access Capabilities
Prioritizing the Right Features
Not all smart locks are created equal. To maximize your investment, it’s essential to select a lock that aligns with the specific demands of rental properties.
Top Features to Consider: Auto Lock
- Security First: Prioritize locks with AES-256 encryption and tamper detection features for robust security.
- Remote Access: Enable landlords to control access remotely—a must-have for managing properties from a distance.
- User-Friendly Setup: Look for locks compatible with existing deadbolts for hassle-free installation.
- Weather Resistance: Crucial for outdoor units or properties exposed to harsh climates.
- Smart Home Integration: Compatibility with Alexa, Google Assistant, or Apple HomeKit enhances functionality and tenant appeal. Integration with Amazon Alexa, Google Assistant allows users to enhance their home automation experience through increased convenience and voice control functionality.
By focusing on these features, you can ensure your lock meets the security and convenience needs of rental properties.
The Top 8 Smart Locks for Rental Properties in 2024
We’ve curated the best smart locks for rental properties in 2024. These options combine security, ease of use, and reliability, making them ideal for landlords and property managers.
1. Schlage Encode Plus Smart WiFi Lock
- Features: Built-in WiFi, Apple HomeKit compatibility, tamper alerts.
- Why It’s Great: The Schlage Encode Smart Lock is perfect for landlords managing multiple properties remotely.
- Price Range: $250–$300
- Example Use: A landlord managing apartments across cities can remotely grant access to contractors for maintenance.
2. Ultraloq U-Bolt Pro
- Features: Six access methods, encrypted fingerprint storage.
- Why It’s Great: Affordable yet feature-rich for tenants and landlords alike.
- Price Range: $150–$200
- Example Use: Ideal for a single-property landlord seeking an economical but secure lock.
3. Yale Assure Lock 2
- Features: Keyless entry, durable build, optional biometric access.
- Why It’s Great: Customizable profiles make it tenant-friendly.
- Price Range: $200–$250
- Example Use: A property manager can assign unique access codes for each tenant.
4. August Wi-Fi Smart Lock
- Features: Attaches to existing deadbolts, auto-lock functionality, and remote access with the August Smart Lock.
- Why It’s Great: Ideal for short-term rentals with frequent tenant turnover.
- Price Range: $199–$230
- Example Use: Short-term rental hosts can update PINs for each new guest.
5. Lockly Secure Pro
- Features: Anti-spy keypad, advanced connectivity options.
- Why It’s Great: Enhanced security with innovative design.
- Price Range: $250–$300
- Example Use: Protects high-value properties with tamper-resistant features.
6. Kwikset Halo Touch
- Features: Built-in WiFi, ANSI Grade 1 durability, fingerprint recognition.
- Why It’s Great: Reliable for high-traffic rental units.
- Price Range: $180–$230
- Example Use: Handles wear and tear in properties with frequent tenant changes.
7. Eufy Security Smart Lock Touch & WiFi
- Features: IP65 weatherproof rating, quick fingerprint recognition.
- Why It’s Great: Durable and stylish, perfect for outdoor rentals.
- Price Range: $200–$250
- Example Use: Great for rental properties in coastal or rainy areas.
8. Axlock L100 Fingerprint Lock
- Features: Keyless entry, budget-friendly price point, and a physical key as a backup option.
- Why It’s Great: An affordable choice for managing multi-unit properties.
- Price Range: $100–$130
- Example Use: Suitable for landlords managing budget rentals.
Comparing Smart Locks: Which One Fits Your Needs?
Here’s a quick comparison of the top locks based on price, security, and features:
| Smart Lock Brand | Price Range | Best For |
|---|---|---|
| Schlage Encode Plus | $250–$300 | Remote management |
| Ultraloq U-Bolt Pro | $150–$200 | Budget-friendly flexibility |
| Yale Smart Lock | $200–$250 | Tenant-friendly customization |
| August Wi-Fi Smart Lock | $199–$230 | Short-term rentals |
| Lockly Secure Pro | $250–$300 | Extra security features |
| Kwikset Halo Touch | $180–$230 | High-traffic areas |
| Eufy Security Touch | $200–$250 | Outdoor rentals |
| Axlock L100 | $100–$130 | Taiwan brand & elegant design |
Tips for Installing and Managing Smart Locks in Rentals
Smooth Installation and Reliable Maintenance
Installing and managing a smart door lock doesn’t have to be complicated. Follow these tips for a seamless experience:
- Non-Damaging Installation: Choose locks that fit existing deadbolts to avoid permanent changes.
- Backup Plans: Always keep a mechanical key or emergency USB power option on hand.
- Activity Monitoring: Use apps to track access logs, ensuring security and accountability.
- Firmware Updates: Regularly update software to stay protected against new threats.
- Tenant Onboarding: Provide clear instructions for tenants on how to use smart locks effectively.
FAQs About Smart Locks for Rental Properties
Q: Can smart locks be hacked?
A: High-quality smart locks with AES-256 encryption significantly reduce hacking risks.
Q: Are smart locks allowed in rental agreements?
A: Most agreements permit smart locks, but always check local regulations to confirm compliance.
Q: What happens during a power outage?
A: Many smart locks, as part of integrated smart home devices, feature backup batteries or mechanical keys to ensure continued access during emergencies.
Conclusion: Why Smart Locks Are Worth the Investment
Smart locks are more than a tech upgrade—they’re a practical investment for landlords and property managers. By improving security, simplifying access control, and enhancing the tenant experience, these locks streamline property management.
Ready to upgrade? Explore the best smart locks of 2024 and take your rental property management to the next level!
