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

A Catonsville Tenant Unlocking His Home Using a CellphoneMany landlords in Catonsville worry if installing smart home gadgets in their rental property is a good investment. The basic answer is that the expected returns on various smart home devices differ. So, which smart home gadgets are best for a rental home? Let’s take a look at those that are in high demand among renters throughout the country.

Tech-Enhanced Safety

According to a recent survey, more than 75% of renters are willing to pay a premium rent for residences with smart home technologies. More than half of these tenants thought that smart home features would be worth an extra $20 or more to them. Renters stated they desired three sorts of smart home devices in particular: safety features, such as smart locks and smart doorbells, were at the top of the list.

Smart locks are gadgets that allow you and your tenant to secure or access a property without a physical key. There are many types of smart locks, but most are unlocked using a phone app or pin code. Tenants prefer smart locks because they enable them to monitor their home security remotely, while Catonsville property managers prefer smart locks because they eliminate the need to replace locks when tenants change.

Smart doorbells, on the other hand, allow tenants to screen guests and keep a watch on who comes and goes from their homes. 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

Another kind of smart home device that tenants demand are those that help monitor and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all devices that can be managed using a smartphone app. The thermostat temperature may be adjusted, lights can be turned on and off, and energy to outlets can be turned off using 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 intelligent home gadgets that provide numerous benefits to both tenants and property owners. Water leaks are one of the most common difficulties tenants and property owners encounter. Basements, under cabinets, and behind appliances are all common issue spots where water leaks can form and go undiscovered for long periods of time. Water damage can be very costly to fix, especially if it has been going on for a long time and has caused wood rot or mold.

Smart moisture sensors can help you detect water leaks sooner and arrange needed maintenance and repairs more efficiently. Your tenant will appreciate the relief of preventing water damage, and you will save money by avoiding costly emergency repairs.

Finally, the greatest smart home technology for your rental property is one that can reward you with increased rent or happier tenants – or both. It could also bring in more tech-savvy renters if that’s something you’ve wanted to do.

Real Property Management Prime can help you optimize your profits and modernize your rental property. Contact us online today!

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