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Smart lock or key box: the real cost over a year

One-off purchase or per-key subscription: we run the numbers for one listing over twelve months.

Letting a guest in without travelling is the first time-saver for any property manager. Two families compete: the smart lock fitted on the door, and the network of drop-off points or lockers where the guest picks up a key.

Smart lock: one purchase, then almost nothing

  • Tedee: from €129, no subscription, works over Bluetooth without internet.
  • Yale Home: from €139, no subscription, fitted on the cylinder without drilling.
  • Nuki: from €149; the Smart Hosting service costs €69 per year per lock.
  • Igloohome: from €169, time-limited codes generated offline (no Wi-Fi).

Over one year for one listing: from €129 (Tedee) to €218 (Nuki + Smart Hosting). After that, only any subscription remains.

Drop-off point or locker: nothing to install, a recurring cost

  • KeyNest: €6.95 per pickup, or €25.95 per month per key, i.e. €311 per year on subscription.
  • Monkey Locky: €5.90 per day, or €34.90 per month per key, i.e. €419 per year.
  • Keycafe: from €59 per month per cabinet, if you install your own locker.

How to choose

  • You can equip the door (building agrees, compatible cylinder): the lock is almost always cheaper from year one.
  • You cannot install anything or your listings are very spread out: drop-off points need no hardware. Pay-per-pickup makes sense when turnovers are rare.
  • Check the integration with your software: codes must be sent automatically for each booking. Guesty, for example, connects to Nuki, Tedee, Yale Home and KeyNest (see the map).

Compare: Nuki vs Tedee, KeyNest vs Monkey Locky, or the whole Access & locks family.