Lots of Cutler Bay property owners are seriously taking into consideration if outfitting smart home technology in their rental property is a favorable and worthwhile investment. The short answer is that the potential and expected returns for most smart home devices vary. In this sense, what are the most fitting smart home gadgets for a rental property? Let’s look at those that are in steady demand among renters across the country.
Advanced Safety Systems
In relation to a prevalent survey, more than 75% of renters are willing to pay a premium rent for dwellings that offer different smart home features. And really, more than half of these renters said they would willingly pay an extra $20 or more for smart home features. Renters also collectively requested three distinct types of smart home equipment, with safety features as an illustration smart locks, and smart doorbells topping the list.
Smart locks are electronic devices that permit you and your tenant to secure or access a property without the actual use of a physical key. There are various types of smart locks, but most are easily opened by using a phone app or a pin code. Tenants prefer smart locks because they can, without hassle, look after their home security from their phones, whereas Cutler Bay property managers choose to use smart locks due to the fact they want to elude the need to replace locks when tenants change. Smart doorbells, optionally, permit tenants to filter guests and check who is walking in and out of the property. This security feature can certainly be a huge draw, particularly for younger adult tenants who always want to keep an eye on their homes and valuables.
Smart Energy Management
Tenants are, in addition, certainly interested in smart home devices that help track and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all favorite products that can be controlled and managed via a smartphone app. The app lets you control the thermostat temperature, turn on and off lights, and turn off energy to outlets without stress and hassle. 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 comparatively a bargain to install but conversely may be a large attraction for renters is very likely the most important benefit for property owners.
One final thing to take note of, moisture sensors are smart home gadgets that contribute countless benefits to both tenants and property owners. Water leaks are, unfortunately, one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all generally known issue spots where water leaks can form and go undiscovered for a great deal of time. Water damage is an expensive repair, most importantly, if it has progressed to the point where wood rot or mold has grown or even increased. Outfitting smart moisture sensors can assist you in detecting water leaks earlier and scheduling necessary maintenance and repairs more rapidly and smoothly. Your tenant will be more than relieved that water-related damage has been avoided, and you will save money by preventing financially steep emergency repairs.
In summary, the best-suited 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, on top of that, capture the interest of a more tech-savvy renter demographic to your rental property if that is something you’ve actually wanted to do.
Real Property Management Dade can partner and work with you to successfully optimize your profits and modernize your rental property. Contact us online today!
We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. See Equal Housing Opportunity Statement for more information.