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Smart Home Technology to Improve Your Rental Property

Young woman controls her smart home technology with a touch screen panel mounted on the living room wall. Majority of South Roanoke property owners are seriously investigating if putting up smart home technology in their rental property is a useful and worthwhile investment. The short answer is that possible returns for a multiplicity of smart home devices really do vary. In this sense, what are the more fitting smart home gadgets for a rental property? Let’s look at those that are in rather huge demand among renters across the country.

Advanced Safety Systems

As stated in a very recent survey, more than 75% of renters are willing to pay a premium rent for dwellings that ultilize numerous smart home features. In fact, more than half of these renters said they would readily give an extra $20 or more for smart home features. Renters chiefly asked for three types of smart home equipment, with safety features, by way of example smart locks and smart doorbells, topping the list.

Smart locks are electronic devices that allow you and your tenant to secure or access a property without the actual use of a physical key. There are tons of different types of smart locks, but most are opened by simply using a phone app or a pin code. Tenants prefer smart locks cause they can ascertain their home security from their phones, while at the same time, South Roanoke property managers like smart locks owing to the fact that they easily avoid the need to replace locks when tenants change. Smart doorbells, on the flip side, can be useful to tenants to filter guests and see who is walking in and out from the property. This security feature might be very alluring, particularly to younger adult tenants who really enjoy monitoring their home and valuables.

Smart Energy Management

Tenants are likewise certainly very much interested in smart home devices that help monitor closely and cut utility expenses. Smart thermostats, smart light bulbs, and smart plugs are all very common products that can be managed via a smartphone app. The app can, without hassle, help you to control the thermostat temperature, turn on and off lights, and turn off energy to outlets. These gadgets assist to save energy and prevent the risk of fire or other hazards brought about by leaving things on. The fact that these devices are quite affordable to install but actually may be a huge attraction for renters is disputably the most relevant benefit for property owners.

Moisture Sensors

One last matter, moisture sensors are smart home gadgets that yield many benefits to both tenants and property owners. Water leaks are actually one of the most common issues that tenants and property owners confront. Basements, under cabinets, and behind appliances are all the usual issue spots where water leaks can form and go undiscovered for a long period of time. Water damage is an expensive repair, more importantly, if it has progressed to the point where wood rot or mold has fully developed. Putting up smart moisture sensors can be useful to you in detecting water leaks earlier and scheduling necessary maintenance and repairs instantaneously and smoothly. Your tenant will be happily relieved that water-related damage has been avoided, and you will save money by eliminating ultra-expensive emergency repairs.

At length, the perfect smart home tech for your rental property are those devices that will pay you back in higher rent or happier tenants – or both. It may supplementarily captivate a more tech-savvy renter demographic to your rental property if that is something you’ve longed to do.


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

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