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

A Anacortes Tenant Unlocking His Home Using a CellphoneMany Anacortes landlords worry if installing smart home devices in their rental properties is a good investment. 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 ones among renters around the United States.

Tech-Enhanced Safety

According to a recent survey, more than 75% of renters are willing to pay a premium for homes equipped with specific smart home capabilities. Over half of these tenants indicated that they would spend an additional $20 or more on smart home features. Renters expressed a need for three types of smart home gadgets in particular—security features, such as smart locks and doorbells, were at the top of this list.

Smart locks are electronic locks that enable you and your tenant to secure or access a property without the use of a physical key. There are a lot of different types of smart locks. Most of them can be opened with a phone app or a pin code. Tenants prefer smart locks because they can monitor their home security from their phones, and Anacortes property managers prefer smart locks because they eliminate the need to replace locks every time a tenant moves out.

Smart doorbells, on the other hand, allow tenants to screen visitors and keep an eye on everyone who comes and goes from their home or apartment. This security feature might be a significant draw, especially for younger adult tenants who prefer to keep an eye on their homes and valuables.

Smart Utilities

Tenants also desire smart home devices that help them monitor and save money on their utility bills. Smart thermostats, smart light bulbs, and smart plugs are all devices that can be managed using a smartphone app. It is possible to alter the thermostat’s temperature, turn on and off lights, and turn off energy to outlets via 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. The fact that these devices are relatively inexpensive to install but may be a huge draw for renters is perhaps the largest benefit for property owners.

Water Sensors

Finally, moisture sensors are smart home gadgets that have a lot to offer both tenants and landlords. Water leaks are one of the most common issues that tenants and property owners encounter. 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 costly to repair, especially if it has progressed to the point where wood rot or mold has developed.

Smart moisture sensors can help you detect water leaks sooner and schedule maintenance and repairs more efficiently. Your tenant will be relieved that water damage has been avoided, and you will save money by avoiding costly emergency repairs.

Ultimately, the finest smart home equipment for your rental property are those devices that will pay you back in greater rent or happier tenants – or both. If you’ve hoped to attract a more tech-savvy renter demographic to your rental home, this is a good way to accomplish it.

Real Property Management Teyata can help you 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.