What do you envision when you think of the next generation of renters? Adults under 40 will be the next large group of renters, and their needs and preferences are quite different from previous generations. As a property owner in Lewisville, staying competitive in the single-family rental market requires understanding young adults’ needs and making upgrades to your rental homes.
Smart Technologies for Rental Properties
The spread of handheld smart technologies has led to the increasing prevalence of smart homes. A lot of young renters have experienced smart technologies, such as smart thermostats and lighting, in their family homes. These technologies make it possible to change thermostat settings or operate lighting with a few clicks.
More than fancy extras, smart technologies can considerably enhance the performance of a rental home and attract quality, long-term residents. Let’s take a closer look at smart thermostats and lighting and the benefits they offer for rental property owners.
Benefits of Smart Thermostats
Smart thermostats are advanced programmable devices that learn your behavior and adjust temperature settings accordingly. They can track energy usage in real time, automatically adjust settings when no one is home, and provide remote control of the home’s climate.
While smart thermostats may cost more initially than traditional models, they can result in significant energy savings, potentially saving residents hundreds of dollars annually. Besides, smart thermostats keep a customized and comfortable home climate at all times. Although they come with a higher initial cost, smart thermostats are designed to pay for themselves through energy savings and improved efficiency in a relatively short time.
Reason to Consider Smart Lighting
Just like smart thermostats, smart lighting systems are engineered to cut energy use and enhance efficiency. Featuring high-efficiency light fixtures and automated controls, these systems adjust automatically based on the number of occupants and outside light conditions.
Smart lighting systems can be programmed, managed through a mobile app, and tailored to optimize energy consumption and enhance security. Of all the smart home technologies, smart lighting is one of the most accessible and affordable, making it a great starting point for integrating innovation into your home.
To find out how smart technologies can benefit your rental property management, contact Real Property Management Pioneer today. Our knowledgeable team is prepared to help you adopt the latest innovative solutions to improve efficiency and tenant satisfaction. Reach out to us online or call 940-435-2526.
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