Numerous Little Elm property owners are contemplating if adding smart home technology to their rental property is an appropriate and worthwhile investment. The short answer is that the probable returns for a multitude of smart home devices really vary. With regards to this, what are the suitable smart home gadgets for a rental property? Let’s look at those that are quite in demand among renters across the country.
Advanced Safety Systems
As reported by a very recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that apply some smart home features. As a matter of fact, more than half of these renters said they would gladly pay off an extra $20 or more for smart home features. Renters notably requested three types of smart home equipment, with safety features, for example 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 use of a physical key. There are a large number of types of smart locks, but the majority are opened via a phone app or a pin code. Tenants prefer smart locks since they can watch their home security from their phones, while Little Elm property managers indeed prefer smart locks as they want to avoid the need to replace locks when tenants change. Smart doorbells, as another alternative choice, allow tenants to filter guests and check out who enters and leaves the property. This security feature might be very appealing mainly to younger adult tenants who delight in keeping tabs on their home and valuables.
Smart Energy Management
Tenants are additionally rather interested in smart home devices that help carefully monitor and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all prevailing products that can be quite easily managed via a smartphone app. The app sets you up 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 created by leaving things on. The fact that these devices are fairly affordable to install but indeed may have a huge magnetism for renters is maybe the most significant benefit for property owners.
Moisture Sensors
And last on the list, moisture sensors are smart home gadgets that render a vast number of 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 usual issue spots where water leaks can form and go undiscovered for a very long time. Water damage is an expensive repair, above all if it has progressed to the point where wood rot or mold has been produced. Adding and installing smart moisture sensors can easily help you in detecting water leaks earlier and scheduling necessary maintenance and repairs more rapidly and aptly. Your tenant will be relieved that water-related damage has been avoided, and you will save money by eluding really expensive emergency repairs.
Conclusively, the most suitable 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 particularly attract the interest of a more tech-savvy renter demographic to your rental property if that is something you’ve been wanting to do.
Real Property Management Pioneer can competently help you properly optimize your profits and modernize your rental property. Contact us online today!
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