As shown in a recent survey on rent.com, 82% of renters want at least one smart device in their rental home, but 49% state that they currently don’t have any. These figures show that smart technology is in high demand in rental homes, providing an opportunity for Miami property managers to make their rentals more competitive. One of the most effective ways to increase the value of your rental property is by installing smart technology devices. These can range from simple light bulbs to intricate security systems. Let’s look at some of the more budget-friendly rental property options:
Smart Lighting. One of the most relevant devices in a smart rental home is a smart light bulb. These LED bulbs can change colors, turn on and off, and dim themselves using a phone or voice assistant. Also, they are incredibly energy-efficient, which is a plus for both you and your tenants. Smart light bulbs can be found for as little as $15 each, making them an excellent place to begin upgrading your smart rental home.
Smart Plugs. Smart plugs can be plugged into any outlet and subsequently controlled via phone or voice assistant. They allow you to control anything plugged into them, including lamps, coffee makers, and other appliances. Your tenants will enjoy the benefits, and you will appreciate the low cost: a basic smart plug costs around $20.
Smart Speakers. Smart speakers, like the Google Home and Amazon Echo, are voice-activated devices that can answer questions, play music, and set alarms, among other things. They’re becoming more common in rental homes because they’re a convenient way to control other smart devices. A basic smart speaker begins at roughly $50.
Smart Thermostats. Smart thermostats can help you preserve both money and energy. They can be controlled by phone or voice assistant, and they learn your schedule to automatically adjust the temperature. A basic smart thermostat typically costs around $100.
Video Doorbells. Video doorbells are a great way to make your rental property more secure. Even if you’re not at home, you can see who’s at the door and talk with them. A few even record videos, which can be helpful to both tenants and landlords. The cost of a basic video doorbell is usually around $200.
Smart Smoke Detectors. Another great way to improve security at your rental property is to install smart smoke detectors. They can be linked to your phone, allowing you to be notified of a fire even if your tenant is not present. A basic smart smoke detector costs around $100.
As you can see, adding smart technology devices to your rental property can be done on a budget. You can provide your tenants with the convenience and peace of mind they desire by installing just a few of these devices.
Still have questions? Real Property Management United has expert advice on how to upgrade your rental property with smart technology. Contact us online today!