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How to Add Smart Technology Devices to a Rental Property

Hand Holding a Phone with Smart Tech Controls OpenMany tenants are on the lookout for rental properties with smart technology installed. You may be concerned that creating a “smart home” for your tenants will take time and money. The good news is that this is not the case; with a few inexpensive products, you can provide your tenants with the technologically enhanced conveniences they desire. This blog post will go over 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 numbers indicate that smart technology is in great demand in rental homes, offering a chance for Springfield property managers to improve their rental properties’ competitiveness. Installing smart technology devices is a great way to add value to your rental property. These devices can range from basic light bulbs to more elaborate security systems. Let’s explore several budget-friendly options that work well for rental properties.

Smart Lighting. In smart rental homes, smart light bulbs are one of the most prominent devices. These LED bulbs can turn off and on, change color, and dim using a phone or voice assistant. In addition, they are very energy-efficient, which is advantageous for both you and your tenants. You can buy smart light bulbs for as little as $15 each, which makes them a great place to start upgrading your smart rental home.

Smart Plugs. Smart plugs can be plugged in with any outlet and be controlled through a voice assistant or phone. You can turn on and off lamps, coffee makers, and other devices that are plugged into them. Your tenants will appreciate the convenience, and you will appreciate the cost: a basic smart plug can be purchased for as little as $20.

Smart Speakers. Smart speakers, like the Amazon Echo and Google Home, are voice-controlled devices that can play music, answer questions, set alarms, and more. They’re growing more popular in rental homes as a convenient way to control other smart devices. The price of a basic smart speaker is around $50.

Smart Thermostats. Smart thermostats are a wonderful way to save both energy and money. They can be controlled via phone or voice assistant, and it will learn your schedule and adjust the temperature accordingly. A basic smart thermostat costs around $100.

Video Doorbells. Video doorbells are a fantastic way to enhance the security of your rental property. Even if you are not at home, you can see who is at the door and speak with them. Some even record videos that can be beneficial to both tenants and landlords. A basic video doorbell can cost up to $200.

Smart Smoke Detectors. Smart smoke detectors are yet another excellent method for enhancing the security of your rental property. They can be connected to your phone, allowing you to be notified of a fire even if your tenant is not present. There are smart smoke detectors available for about $100.

As you can see, there are many cost-effective devices to incorporate smart technology into your rental property. You can furnish your tenants with the convenience and peace of mind they desire by simply installing a few of these devices.

Still have questions? Real Property Management Momentum has expert advice on how to upgrade your rental property with smart technology. Contact us online today!

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