Implementing Smart Technology in Your Rental Properties
Smart technology has become a seamless integration in our daily lives and offers us both convenience and efficiency. Whether it’s a speaker that interacts by voice command, or an activity tracker in your watch that monitors your physical and psychological activity throughout the day, we are constantly looking for innovative tools to make our lives easier. This applies to the ever-evolving landscape of real-estate as landlords and property managers look for ways to attract and retain tenants while offering security, convenience, and energy efficiency. A key trend we are seeing in home improvement is the implementation of smart technology. Whether it be lighting, security systems, thermostats, or appliances, some landlords are making the shift and investing in this technology earning themselves a role as an industry leader who caters to their modern tenant.
Smart Technology Features for Your Rental Property
Smart Lighting
Smart bulbs are a great addition to your rental’s lighting fixtures and can be remotely controlled and customized through Bluetooth or Wif-Fi connection from your smartphone or tablet. Dimming, color adjustment, and color changing capabilities enhance energy efficiency and atmosphere of the home. While these bulbs used to be a pricey investment, they have become far more affordable and accessible over the years making them a great addition to your tech-savvy rental.
Smart Security Systems
Security is one of the top priorities among tenants, and implementing smart security systems provides an added layer of protection and peace of mind. How many times a week do you rush out of the house with your arms and mind full, halfway to your destination before thinking to yourself, “did I remember to lock the house?” It happens! Innovative technology like smart locks allow tenants to check the status of their deadbolt and remotely lock or unlock with ease. Video doorbells have also become a popular security system notifying the tenant of any real-time motion detected at the door. Whether it be a package delivery, the arrival of a friend, or any suspicious activity.
Smart Thermostats
A smart thermostat can intelligently manage a home’s cooling and heating systems and can optimize energy usage in the home. This smart technology also offers the feature of remote control through mobile apps and integration with other smart home devices allowing the user to adjust the temperature settings remotely.
Smart Smoke and Carbon Monoxide Detectors
These crucial safety devices monitor the air for any presence of carbon monoxide or smoke caused by fire. While these smart upgrades still let out loud audible alerts and flashing lights upon detention, residents will also receive real-time notifications sent directly to their smartphone alerting them of the danger even if they are away from home.
Smart Appliances
Upgrading your rental to smart appliances adds a touch of luxury, convenience, and energy efficiency. Smart appliances can be controlled remotely from a smartphone or tablet. While this is certainly a heftier investment, it is one that you might consider to enhance the value of the property and reduce your home’s environmental impact.
Benefits of a Smart Home
Energy and Cost Efficiency
Tenants and landlords can monitor energy usage more efficiently with the use of smart technology leading to lower energy bills and heightened awareness of their environmental impact.
Improve Tenant Relations
Offer tenants a more convenient and efficient living experience can improve your tenant rapport and influence them to resign their lease with you, meaning less possibility of vacancy.
Increase Security
Smart security systems like smart locks and video doorbells can offer tenants and landlords peace of mind whether the home is inhabited or vacant.
Competitive Edge
Homes equipped with smart technology stand out in this competitive real estate market and attract more quality tenants.
Enhance Property Value
With these modern enhancements, you are not only upgrading the property but also increasing the value of the home. Many tenants are willing to pay more in rent for modern amenities and convenience.
