Most Temple property owners are assessing if putting up smart home technology in their rental property is a suitable and worthwhile investment. The short answer is that the potential returns for the many smart home devices vary. So, in line with that, what are the best smart home gadgets for a rental property? Let’s look at those that are in great demand among renters across the country.
Advanced Safety Systems
As pointed out by several surveys, more than 75% of renters are willing to pay a premium rent for dwellings that utilize specific smart home features. It needs to be said that more than half of these renters said they would happily pay an extra $20 or more for smart home features. Renters, more particularly, wanted 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 enable you and your tenant to secure or access a property without the actual use of a physical key. There are countless types of smart locks, still, the majority are opened by using a phone app or a pin code. Tenants prefer smart locks owing to the fact they can see about their home security from their phones, while it is a matter of fact that Temple property managers choose smart locks for the reason that they keep off the need to replace locks when tenants change. Smart doorbells, as another option, can be beneficial and helpful to tenants to filter guests and tracking who comes in and out from the property. This security feature might be very interesting, first and foremost, to younger adult tenants who want to maintain awareness of their home and valuables.
Smart Energy Management
Tenants are also definitely interested in smart home devices that help closely monitor and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all conventional products that can be conveniently managed via a smartphone app. The app allows you to 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 provoked by leaving things on. The fact that these devices are simply very affordable to install but, in fact, are a huge draw-in for renters is perhaps, hands down, the greatest benefit for property owners.
Moisture Sensors
One last note, moisture sensors are smart home gadgets that impart many 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 very common issue spots where water leaks can form and go undiscovered for too long. Water damage is an expensive repair, notably if it has progressed to the point where wood rot or mold has actually developed. Installing smart moisture sensors can be beneficial to you in detecting water leaks earlier and scheduling necessary maintenance and repairs conveniently and expediently. Your tenant will be relieved that water-related damage has been avoided, and you will save money by keeping off financially harmful emergency repairs.
In the long run, 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 furthermore attract a more tech-savvy renter demographic to your rental property if that is something you’ve really wanted to do.
Real Property Management Apex can help you to successfully optimize your profits and modernize your rental property. Contact us online today!
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