Quite a lot of Pequot Lakes property owners are considering if installing smart home technology in their rental property is the best and most worthwhile investment. The short answer is that the most likely returns for innumerable smart home devices vary. In that regard, what are the most suitable smart home gadgets for a rental property? Let’s look at those that are in huge demand among renters across the country.
Advanced Safety Systems
As claimed by a recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that utilize specific smart home features. Without a doubt, more than half of these renters said they would shell out an extra $20 or more for smart home features. Renters precisely required three types of smart home equipment, with safety features, for instance, smart locks and smart doorbells topping the list.
Smart locks are electronic devices that allow you and your tenant to secure or access a property without the utilization of a physical key. There are different types of smart locks, but actually, the majority are opened by a phone app or a pin code. Tenants prefer smart locks taking into account that they can very easily check out their home security from their phones, at the same time Pequot Lakes property managers prefer smart locks cause they want to prevent the need to replace locks when tenants change. Smart doorbells, as an alternative choice, can be of help to tenants to filter guests and look into who enters and exits from the property. This security feature might be very fascinating and appealing, more particularly to younger adult tenants who can be really appreciative about monitoring their home and valuables.
Smart Energy Management
Tenants are, in addition, really interested in smart home devices that help keep track and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all typical products that can be conveniently managed via a smartphone app. The app gives you the means 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 brought about by leaving things on. The fact that these devices are rather reasonably priced to install but may as well have a huge attraction for renters is, in all likelihood, the most vital benefit for property owners.
Moisture Sensors
And last but not the least, moisture sensors are smart home gadgets that tender a great number of benefits to both tenants and property owners. Water leaks are indeed one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all prevalent issue spots where water leaks can form and go undiscovered for a really long time. Water damage is an expensive repair, specifically if it has progressed to the point where wood rot or mold has formed. Installing smart moisture sensors can be of great help to you in detecting water leaks earlier and scheduling necessary maintenance and repairs quickly and easily. Your tenant will be relieved that water-related damage has been happily avoided, and you will save money by preventing unprofitably expensive emergency repairs.
When all is said and done, 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, in particular, pull in a more tech-savvy renter demographic to your rental property if that is something you’ve really wanted to do.
Real Property Management Deluxe can enable you to quite effectively optimize your profits and modernize your rental property. Contact us online today!
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