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 imply considerable demand for smart tech in rental homes and a chance for St. Paul property managers to make their rentals more competitive. One of the greatest methods to add value to your rental property is installing smart technology devices. These technologies might range from simple light bulbs to more complex security systems. Let’s review a couple of the more budget-friendly options that work well for rental properties:
Smart Lighting. One of the most common 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 incredibly energy-efficient, which is an advantage for you and your tenants. You can find smart light bulbs for as little as $15 each, making them one of the ideal 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 allow you to control anything plugged into them, which means you can turn on and off lamps, coffee makers, and more. Your tenants will love the convenience, and you will love the price: a basic smart plug starts at around just $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 so on. They are becoming more popular in rental homes as they are an easy method to control other smart devices. The price of a basic smart speaker starts at around $50.
Smart Thermostats. Smart thermostats are an excellent tool for saving 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 excellent choice to boost security at your rental property. They let you view who is at the door and talk to them even if you’re not home. Some also record videos that might be valuable for both tenants and property owners alike. A basic video doorbell commonly costs approximately $200.
Smart Smoke Detectors. Smart smoke detectors are another wonderful option 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 purchase a basic smart smoke detector for around $100.
As you can see, there are numerous budget-friendly options for setting 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 searching for.
Do you still have questions? Real Property Management Fidelis has expert advice on how to upgrade your rental property with smart technology. Contact us online today!