If you have been a Landlord or Property Manager for more than 6 months, you’ve been witness to this event: Your Tenant calls you and begs you to let them back into the property because they managed to lock themselves out.
If you go over and unlock the door without charging a “Lockout” or “Let In Fee”, then keep letting your tenant walk all over you.
Instead, may I be so bold as to suggest you pull up your Lease document in Word and add a simple phrase to it: $250 for letting them back into their own property.*
Trust me–they will only do it once.
And you now have extra profit that month.
* This is not to be construed as legal advice as we are not attorneys, so please do not take it to be as such. Feel free to take it as a Best Practice for Indianapolis Property Management, Common Sense, and downright good business practice.