According to a recent survey on Rent.com, 82% of renters want at least one smart device in their rental home, but nearly 49% say they don’t currently have any. These statistics show a high demand for smart tech in rental homes and a possibility for Palmetto property managers to make their rentals more competitive. Installing smart technology devices is one of the best methods to add value to your rental property. These devices can range from simple light bulbs to more complex security systems. Let’s look at some of the more budget-friendly options that work well for rental properties:
Smart Lighting. One of the most popular devices in smart rental homes is smart light bulbs. These LED bulbs can be operated with a phone or voice assistant and can change colors, turn on and off, and dim. They are also very energy-efficient, which benefits both you and your tenants. You can acquire smart light bulbs for as little as $15 each, making them an excellent place to start upgrading your smart rental home.
Smart Plugs. Smart plugs can be plugged into any outlet and then controlled with a phone or voice assistant. They allow you to operate anything plugged into them, which means you can turn on and off lamps, coffee makers, and so forth. Your tenants will appreciate the convenience, and you will like the price: a basic smart plug starts at roughly $20.
Smart Speakers. Like the Amazon Echo and Google Home, smart speakers are voice-activated devices that can play music, answer questions, set alarms, and more. They are becoming more popular in rental homes as they are an efficient way to control other smart devices. The price of a basic smart speaker starts at around $50.
Smart Thermostats. Smart thermostats may help you save energy and money. They can be controlled with a phone or voice assistant, and learn your schedule to adjust the temperature automatically. You can purchase a basic smart thermostat for around $100.
Video Doorbells. Video doorbells are an effective tool to strengthen security at your rental property. They allow you to check who is at the door and talk to them even if you’re not home. Some also record videos, which may be beneficial to both tenants and property owners alike. A basic video doorbell typically costs around $200.
Smart Smoke Detectors. Smart smoke detectors are another wonderful device to increase security at your rental property. They can be linked to your phone, so you can be alerted if there is a fire, even if your tenant is not present. You can buy a basic smart smoke detector for around $100.
As you can see, there are various budget-friendly options for adding smart technology devices to your rental property. By installing just a few of these devices, you can offer your tenants the convenience and peace of mind they want.
Do you still have concerns? Real Property Management Sarasota & Manatee has expert advice on how to upgrade your rental property with smart technology. Contact us online today!