Many tenants are on the lookout for rental properties with smart technology installed. You may be concerned that creating a “smart home” for your tenants will take time and money. The good news is that this isn’t the case; with just a few low-cost items, you can provide your tenants with the technological conveniences they desire. This article will discuss the smart devices that add the most value and appeal to rental properties.
According to the latest survey on rent.com, 82% of renters want at least one smart device in their rental home, but nearly 49% of them don’t have any. These survey results indicate a high demand for smart technology in rental homes and an opportunity for Plano property managers to increase the competitiveness of their rentals. Installing smart technology devices is a great way to add value to your rental property. Simple light bulbs to sophisticated security systems are examples of these devices. Let’s explore several budget-friendly options that work well for rental properties.
Smart Lighting. Smart light bulbs are one of the most widespread devices in smart rental homes. These LED bulbs can be dimmed, changed colors, and turned on and off using a phone or voice assistant. Also, they are incredibly energy-efficient, which is a plus for both you and your tenants. Smart light bulbs can be purchased for as little as $15 each, making them one of the best places to begin upgrading a smart rental home.
Smart Plugs. Smart plugs can be plugged into any outlet and be controlled via a voice assistant or phone. You can control anything plugged into them, including lamps, coffee makers, and other appliances. The convenience will appeal to your tenants, and the cost will appeal to you: a basic smart plug costs around $20.
Smart Speakers. Smart speakers are voice-activated devices that can play music, answer questions, and set alarms, similar to the Amazon Echo and Google Home. They’re becoming more common in rental homes because they’re a convenient way to control other smart devices. A simple smart speaker will cost around $50.
Smart Thermostats. Smart thermostats can help you preserve both money and energy. They can be controlled using a phone or voice assistant, and they can learn your schedule and adjust the temperature on their own. A basic smart thermostat costs around $100.
Video Doorbells. Video doorbells are a sure way to make your rental property safer. They enable you to see who is at the door and communicate with them even when you are not at home. Some even record videos that can be beneficial to both tenants and landlords. A basic video doorbell can cost up to $200.
Smart Smoke Detectors. Another great way to improve security at your rental property is to install smart smoke detectors. They can be linked to your phone, making sure you are notified of a fire even if your tenant is absent. A basic smart smoke detector will cost you around $100. Evidently, there are numerous budget-friendly options for adding smart technology devices to your rental property. You can furnish your tenants with the convenience and peace of mind they desire by simply installing a few of these devices.
Still have questions? Real Property Management Engage has expert advice on how to upgrade your rental property with smart technology. Contact us online today!
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