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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 looking for properties that have smart technology devices installed. You may be worried that you need to invest time and money in creating a “smart home” for your tenants. The best part is that this is not the scenario; with just a few budget-friendly products, you can deliver your tenants the tech-enhanced conveniences they need. This blog post will examine a couple of the best smart devices to put in your rental property that adds value and appeal.

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 indicate strong demand for smart tech in rental homes and an opportunity for Mill Valley property managers to make their rentals more competitive. One of the best ways to add value to your rental property is by installing smart technology devices. These devices can range from simple light bulbs to more complex security systems. Let’s explore a few of the more budget-friendly options that work well for rental properties:

Smart Lighting.  One of the most familiar devices in smart rental homes is smart light bulbs. These LED bulbs can be utilized with a phone or voice assistant and can change colors, turn on and off, and dim. They are also very energy-efficient, which is a bonus for you and your tenants. You can get smart light bulbs for as little as $15 each, making them one of the suitable places to begin 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 let you manage anything plugged into them, which means you can turn on and off lamps, coffee makers, etc. Your tenants will enjoy the convenience, and you will enjoy the price: a basic smart plug starts at approximately just $20.

Smart Speakers. Like the Amazon Echo and Google Home, smart speakers are voice-activated devices that can stream music, answer questions, set alarms, and so on. They are becoming increasingly popular in rental homes since they offer an easy method to control other smart devices. The value of a basic smart speaker starts at around $50.

Smart Thermostats. Smart thermostats are a great way to 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 find a basic smart thermostat for around $100.

Video Doorbells. Video doorbells are a terrific option to enhance 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 that can be useful for both tenants and property owners equally. A basic video doorbell usually costs roughly $200.

Smart Smoke Detectors. Smart smoke detectors are another nice choice 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 there. You can get a basic smart smoke detector for around $100.

As you can see, there are several budget-friendly options for introducing 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 are seeking.

 

Do you have inquiries? Real Property Management SonoMarin has expert advice on how to upgrade your rental property with smart technology. Contact us online today!

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