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Smart Home Technology to Improve Your Rental Property

Young woman controls her smart home technology with a touch screen panel mounted on the living room wall. Several Birmingham property owners contemplate if setting up smart home technology in their rental property is a positive and worthwhile investment. The short answer is that the reported or expected returns for many smart home devices indeed vary. Hence, what are the right smart home gadgets for a rental property? Let’s look at some of those that are in increasing demand among renters across the country.

Advanced Safety Systems

As reported by a recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that include some smart home features. Without a doubt, more than half of these renters said they would willingly shell out an extra $20 or more for smart home features. Renters particularly wished for 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 permit you and your tenant to secure or access a property without the application of a physical key. There are multiple types of smart locks, but actually the majority are just opened by engaging a phone app or a pin code. Tenants prefer smart locks seeing that they can watch their home security from their phones, at the same time Birmingham property managers are attracted to smart locks due to the fact that they prevent the need to replace locks when tenants change. Smart doorbells, as an alternative, set up tenants to filter guests and check out who is coming and going from the property. This security feature might be very captivating, particularly for younger adult tenants who are fond of closely monitoring their home and valuables.

Smart Energy Management

Tenants are additionally highly interested in smart home devices that help closely check and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all known products that can be handled and managed via a smartphone app. The app very conveniently allows you 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 activated by leaving things on. The fact that these devices are fairly reasonably priced to install but at the same time have a huge drawing power for renters is, in every way, the most vital benefit for property owners.

Moisture Sensors

On a final note, moisture sensors are smart home gadgets that tender considerable 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 the usual issue spots where water leaks can form and go undiscovered for a very long time. Water damage is an expensive repair, primarily if it has progressed to the point where wood rot or mold has built up. Proactively installing smart moisture sensors can greatly help you in detecting water leaks earlier and scheduling necessary maintenance and repairs easily and efficiently. Your tenant will be immensely relieved that water-related damage has been avoided, and you will save money by fending off unprofitably expensive emergency repairs.

Definitely, the more fitting 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 particularly pull in a more tech-savvy renter demographic to your rental property if that is something you’ve yearned to do.


Real Property Management Victory can guide and assist you to completely optimize your profits and modernize your rental property. Contact us online today!

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