FOR MULTIFAMILY OWNERS | 40-300+ UNITS PER PROPERTY
Stop paying for keys at every turnover.
ZeroKey puts Grade 1 locks on units, entries and amenities, including a standalone option with no Wi-Fi, no network build-out and no IT.
$0-down financing on qualifying projects. Delete the line item, add an amenity fee and raise NOI.
Keys cost you on every turn, lockout and lost master.
Some keys come back at move-out. Some don't. Some were copied two years ago. The only safe answer is a rekey, at about $120 a door, plus $90 every time someone rolls out for an after-hours lockout. Add the staff hours spent cutting and chasing keys, and the days a unit sits empty waiting on a lock change, and keys become one of the most expensive small costs on your property.
On a typical 100-unit Class B community, that's about $56,500 a year, or about $565 per unit. Over ten years, it's more than half a million dollars spent on keys.
ZeroKey is built to be paid for out of the money keys already cost you. The amenity fee and faster leasing are profit.
Three ways it hits NOI.
Lower costs.
No rekeys, fewer lockout trips, faster turns and staff hours back for residents and repairs.
New revenue.
Keyless entry is an amenity residents notice and pay for. At $13 a unit a month, a 100-unit property adds nearly $15,000 a year.
Higher value.
Ongoing savings are NOI, and NOI is what a buyer pays for. At a 6.5% cap rate, every $10,000 in annual savings adds about $150,000 in value.
Made for Class B and C properties, not just new builds with a network closet.
Most smart lock systems assume Wi-Fi in every hallway and someone on staff to keep it running. ZeroKey needs neither.
The standalone lock never needs a network, so a 1985 garden-style community qualifies as easily as a new build, and there's nothing for your team or IT to maintain.
Locks install in your existing doors, one property or a whole portfolio at a time.
You sign once. Everyone’s job gets easier.
WHERE IT WORKS.
unit entry doors
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building entries and lobbies
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fitness centers
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clubhouses
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pools
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mail rooms
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storage areas
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gates
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garages
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maintenance shops
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leasing offices
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model units
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unit entry doors | building entries and lobbies | fitness centers | clubhouses | pools | mail rooms | storage areas | gates | garages | maintenance shops | leasing offices | model units |
Ready to see it on your property?
Book a free Discovery Call. We'll walk through your property, answer your questions and build a per-door quote for your portfolio.