Many Jacksonville landlords are unsure if installing smart home devices in their rental property is a good investment. The basic answer is that the expected returns on various smart home devices vary. So, which smart home devices are the most appropriate for a rental property? Let’s take a look at those that are in high demand among renters throughout the country.
Tech-Enhanced Safety
According to a recent survey, more than 75% of renters are willing to pay a premium for homes equipped with specific smart home capabilities. More than half of the tenants believed that smart home features would be worth an extra $20 or more. Renters expressed a desire for three sorts of smart home gadgets in particular: safety features, such as smart locks and smart doorbells, were at the top of the list.
Smart locks are electronic locks that enable you and your tenant to secure or access a property without the use of a physical key. Smart locks come in a variety of styles, but the majority of them require the use of a smartphone app or a pin code to access. Tenants prefer smart locks because they enable them to monitor their home security remotely, while Jacksonville property managers prefer smart locks because they eliminate the need to replace locks when tenants change.
Smart doorbells, on the other hand, enable tenants to filter guests and monitor who comes and goes from their homes. This security feature might be a significant draw, especially for younger adult tenants who prefer to keep an eye on their homes and valuables.
Smart Utilities
Another kind of smart home device that tenants demand are those that help monitor and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all popular gadgets that can be managed remotely via a smartphone app. Through the app, it is able to alter the thermostat temperature, turn lights on and off, and turn off energy to outlets.
These gadgets assist in lowering energy expenses and also help lessen the risk of fire or other hazards associated with leaving things on. The fact that these gadgets are relatively affordable to install while being a significant appeal for renters is perhaps the largest benefit for property owners.
Water Sensors
Finally, moisture sensors are smart home gadgets that have a lot to offer both tenants and landlords. Water leaks are one of the most common difficulties tenants and property owners encounter. Basements, under cabinets, and behind appliances are all well-known issue spots where water leaks can form and go undiscovered for some time. Water damage is costly to repair, especially if it has progressed to the point where wood rot or mold has taken hold.
Smart moisture sensors can help you detect water leaks sooner and schedule maintenance and repairs more efficiently. Your tenant will be relieved to avoid water-related damage, and you will save money by avoiding expensive emergency repairs.
Ultimately, the finest smart home equipment for your rental property are those devices that will pay you back in greater rent or happier tenants – or both. It may also attract a more tech-savvy renter population to your rental property if that is something you’ve wanted to do.
Real Property Management Champion can help you optimize your profits and modernize your rental property. Contact us online today!
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