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What Are the Best Smart Home Devices for Your Rental Property?

A Pelham Tenant Unlocking His Home Using a Cellphone

Many Pelham rental property owners worry whether it’s a worthwhile investment to have smart home gadgets installed in their rental property. The basic answer is that the payoffs on various smart home devices vary. So, which smart home gadgets are best for a rental home? Let’s take a look at some of the most popular among renters across the country.

Tech-Enhanced Safety

According to a recent survey, more than 75% of renters are willing to pay more for properties with smart home technologies. Over half of these tenants indicated that they would spend an additional $20 or more on smart home features. Renters indicated a preference for three distinct types of smart home devices—security features, such as smart locks and doorbells, were at the top of this list.

Smart locks are devices that let you and your renter secure or get into a home without having a physical key. There are many types of smart locks, but most are unlocked using a phone app or pin code. Smart locks are popular among renters because they allow them to monitor their home security from their phones, and they are popular among Pelham property managers because they eliminate the need to replace locks every time a tenant moves out.

Smart doorbells, on the other hand, allow tenants to screen guests and keep a watch on who comes and goes from their homes. This safety feature might be extremely appealing, particularly to younger adult tenants who enjoy keeping an eye on their home and valuables.

Smart Utilities

Tenants are also interested in smart home devices that help them monitor and save money on their power bills. Smart thermostats, smart light bulbs, and smart plugs are all commonly accessible gadgets that can be controlled using a smartphone app. The thermostat temperature may be adjusted, lights can be turned on and off, and energy to outlets can be turned off using the app.

Devices like this one can help cut down on energy costs, and they can also help cut down on the risk of fire or other hazards from leaving things on. Perhaps the most important thing for property owners is that these devices aren’t very expensive to put in, but they can be a big draw for renters.

Water Sensors

Finally, moisture sensors are smart home gadgets with a lot to offer both tenants and property owners. One of the major difficulties tenants and property owners experience is water leaks. Basements, under cabinets, and behind appliances are all well-known trouble spots where water leaks can form and go undiscovered for long periods of time. Water damage can be very costly to fix, especially if it has been going on for a long time and has caused wood rot or mold.

Installing smart moisture sensors can help you find water leaks before they happen and make sure you get the maintenance and repairs you need quickly and easily. Your tenant will be happy to avoid water damage, and you will save money by not having to pay for costly emergency repairs.

Finally, the greatest smart home technology for your rental property is one that can reward you with increased rent or happier tenants – or both. If you’ve hoped to attract a more tech-savvy audience to your rental home, this is a good way to achieve it.

Real Property Management Victory can help you optimize your profits and modernize your rental property. Contact us online today!

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