The majority of Leland property owners brood on whether including smart home technology in their rental property is a helpful and worthwhile investment. The short answer is that the expected and forthcoming returns for most smart home devices vary. Accordingly, what are the most fitting smart home gadgets for a rental property? Let’s look at a few of those that are currently in high demand among renters across the country.
Advanced Safety Systems
Based on a recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that integrate special smart home features. It needs to be said that, more than half of these renters said they would totally pay an extra $20 or more for smart home features. Renters also pointed out specifically three types of smart home equipment, with safety features such as smart locks and smart doorbells topping the list.
Smart locks are electronic devices that support you and your tenant to secure or access a property without the need for a physical key. There are quite a lot of types of smart locks, still, the majority are opened by just a phone app or a pin code. Tenants prefer smart locks in consideration that they can easily check out their home security from their phones, while it is a matter of fact that Leland property managers would rather have smart locks on grounds that they keep off the need to replace locks when tenants change. Smart doorbells, as an option, allow tenants to filter guests and actually see who goes in and out of the property. This security feature might be very appealing, absolutely to younger adult tenants who really enjoy closely observing their home and valuables.
Smart Energy Management
Tenants are likewise highly interested in smart home devices that help ascertain and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all popular products that can be reviewed and managed via a smartphone app. The app can be helpful to you to conveniently control the thermostat temperature, turn on and off lights, and turn off energy to outlets. These gadgets assist to save energy and prevent the risk of fire or other hazards produced by leaving things on. The fact that these devices are considered affordable to install and also may be a large attraction for renters could be the most beneficial benefit for property owners.
Moisture Sensors
One last thing to note, moisture sensors are smart home gadgets that impart multiple benefits to both tenants and property owners. Water leaks are one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all known issue spots where water leaks can form and go undiscovered for a considerable time. Water damage is an expensive repair, most importantly if it has progressed to the point where wood rot or mold has been produced. Installing smart moisture sensors can be beneficial to you in helping you smoothly detecting water leaks earlier and scheduling necessary maintenance and repairs promptly and without hassle. Your tenant will be immensely relieved that water-related damage has been avoided, and you will save money by eluding financially harmful emergency repairs.
In the end, the best smart home tech for your rental property are those devices that will pay you back in higher rent or happier tenants – or both. It may especially pull in a more tech-savvy renter demographic to your rental property if that is something you’ve been looking to do.
Real Property Management Champion can competently assist you to properly optimize your profits and modernize your rental property. Contact us online today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.
