Outdated Locks Could Be Putting Your Property and Tenants at Risk
Security is one of the top concerns for multi-family property owners. Yet, one major vulnerability often goes overlooked… Your locks. If your property still relies on traditional key-and-lock systems, you might be exposing your tenants to unnecessary risks.
Old and outdated locks are easier to pick, duplicate, or break, making them a weak link in your security strategy. The good news? There are cost-effective solutions that can enhance security and give you peace of mind. Let’s explore the risks of aging locks and modern alternatives that can better protect your property.
How Do You Know If Your Locks Are Too Old?
Not sure if your locks need an upgrade? Here are a few warning signs:
- Rust & Wear: Physical deterioration weakens lock mechanisms, making them easier to break or force open.
- Outdated Key Systems: Traditional locks don’t allow for access tracking, making it easy for former tenants or unauthorized individuals to retain access.
- Frequent Malfunctions: If tenants frequently complain about stuck or broken locks, it’s a sign that security could be compromised.
Why Traditional Locks Are Easy to Bypass:
- Lock Picking & Bumping: Criminals can easily open standard locks using simple tools.
- No Access Control: Property managers can’t track who has key copies, increasing security risks.
- High Tenant Turnover Risks: If old tenants or service workers have access, your property is at risk of unauthorized entry.
The Security Risks of Aging Locks
Using outdated locks is a massive security liability. Here’s why:
- Vulnerable to Break-Ins: Worn-out locks can be easily bypassed, increasing the risk of theft and vandalism.
- Unauthorized Key Duplication: Tenants or maintenance staff may duplicate keys, leaving your property exposed.
- Lack of Tenant Access Control: Without an access log, property managers have no way of tracking who enters or exits.
Aging locks are one of the easiest security gaps for criminals to exploit. If you’re still relying on traditional locks, you could be inviting trouble.
The Cost of NOT Upgrading Your Locks
Still on the fence about upgrading? Consider the financial impact of outdated security:
- Tenant Turnover Due to Security Concerns: For instance, a 2024 survey by Apartments.com found that 49% of nearly 30,000 renters ranked “safety and security” as a top priority when selecting a rental property, second only to price (78%).
- Legal Liability Risks: If a break-in occurs due to faulty locks, property owners can be held accountable.
- Lost Revenue: A single vacant unit due to security concerns can cost thousands in lost rent.
Upgrading locks and implementing AI-powered security solutions can be a cost-effective way to avoid these risks while enhancing tenant satisfaction.
Modern Alternatives to Improve Security
Upgrading your security doesn’t mean breaking the bank. Here are the best modern solutions for multi-family properties:
1. Electronic Access Control Systems
- Keycard and mobile-entry systems eliminate the risk of unauthorized key duplication.
- Property managers can track access in real time, improving security oversight.
2. AI-Powered Live Video Monitoring
- EyeQ Virtual Guard detects threats before they escalate, using AI-driven threat detection.
- Live agents can intervene in real time, deterring criminal activity with live audio warnings.
- Provides an added layer of security to complement lock upgrades.
3. Smart Locks & Biometric Authentication
- Smart locks allow remote locking/unlocking, eliminating the need for physical keys.
- Biometric authentication (fingerprint or facial recognition) adds an extra layer of security.
How AI Surveillance Can Lock Down the Rest of your Property
- AI cameras paired with smart locks create a real-time verification system for tenant and guest access.
- Facial recognition and motion alerts detect unusual activity before a break-in occurs.
How to Upgrade Security Without Breaking the Budget
Security upgrades don’t have to be expensive. Here’s how to make smart investments over time:
Prioritize High-Risk Entry Points First
- Focus on main entry doors, parking garages, and shared spaces where security is most critical.
Phase in Security Upgrades
- Implement smart locks and AI video monitoring gradually to manage costs effectively.
Use AI-Powered Surveillance to Enhance Your Other Security
- EyeQ Virtual Guard offers 24/7 monitoring at a fraction of the cost of traditional security solutions, helping property managers prevent threats before they occur.
Is Your Property’s Security Up to Date?
Outdated locks are a serious security risk for multi-family properties. The longer you wait to upgrade, the greater the potential for break-ins, tenant dissatisfaction, and legal liabilities. Fortunately, modern solutions like smart locks, electronic access systems, and AI-powered live monitoring can provide cost-effective protection.
