Numerous tenants seek out properties with smart technology devices installed. You may be skeptical that creating “smart homes” for your tenants will require a significant investment of time and resources. The good news is that this is not the case; you can provide your tenants with the tech-enhanced conveniences they desire with just a few low-cost products. This article will talk about some of the best smart devices for adding value and appeal to your rental property.
Based on the latest survey on rent.com, 82% of renters want at least one smart device in their rental home, but nearly 49% say they do not presently have any. These figures show that smart technology is in high demand in rental homes, providing an opportunity for Riverside property managers to make their rentals more competitive. One of the most effective ways to increase the value of your rental property is by installing smart technology devices. Simple light bulbs to more complex security systems are examples of these devices. Let’s look at some of the more budget-friendly rental property options:
Smart Lighting. In smart rental homes, smart light bulbs are among the most popular devices. These LED bulbs can change colors, turn on and off, and dim themselves using a phone or voice assistant. Additionally, they are extremely energy-efficient, which is beneficial for you and your tenants. There are smart light bulbs available for as little as $15 each, making them one of the best places to start upgrading your smart rental home.
Smart Plugs. Smart plugs can be plugged into any outlet and controlled remotely using a phone or voice assistant. You can turn on and off lamps, coffee makers, and other devices that are plugged into them. Your tenants will enjoy the benefits, and you will appreciate the low cost: a basic smart plug costs around $20.
Smart Speakers. Voice-activated smart speakers, like the Amazon Echo and Google Home, can play music, answer questions, set alarms, and more. As a convenient method for controlling other smart devices, they are gaining popularity in rental homes. A basic smart speaker begins at roughly $50.
Smart Thermostats. Smart thermostats are an excellent way to save both money and energy. They can be controlled by phone or voice assistant, and they learn your schedule to automatically adjust the temperature. For around $100, you can get a basic smart thermostat.
Video Doorbells. Video doorbells are a fantastic way to enhance the security of your rental property. Even if you’re not at home, you can see who’s at the door and talk with them. Some also record helpful videos for tenants and property owners. A standard video doorbell can normally cost around $200.
Smart Smoke Detectors. Another great way to make your rental property more secure is to install smart smoke detectors. They can be hooked up to your phone, allowing you to be notified of a fire even if your tenant is not at home. There are smart smoke detectors available for about $100.
As you can see, adding smart technology devices to your rental property can be done on a budget. You can provide your tenants with the convenience and peace of mind they desire by installing just a few of these devices.
Do you still have questions? Real Property Management Integrity has expert advice on how to upgrade your rental property with smart technology. Contact us online today!
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