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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.