What do you picture when you think of the future generation of renters? Adults under 40 are the next major group of renters, and their preferences differ greatly from those of older generations. In Liberty, property owners must stay competitive in the single-family rental market by addressing young adults’ needs and modernizing their rental homes.
Smart Technologies for Rental Properties
The increase in handheld smart technologies is making smart homes more prevalent. A lot of young renters have experienced smart technologies, such as smart thermostats and lighting, in their family homes. These technologies allow users to adjust thermostats or control lighting with just a few clicks.
Smart technologies are more than just fancy extras; they can greatly enhance the performance of a rental home and draw in quality, long-term tenants. Let’s explore the benefits of smart thermostats and lighting for rental property owners.
Benefits of Smart Thermostats
Smart thermostats are advanced programmable devices that learn your behavior and adjust temperature settings accordingly. They can monitor energy consumption in real time, make automatic adjustments when the house is empty, and enable remote control of the home’s climate.
Although smart thermostats have a higher initial cost than traditional ones, they can lead to substantial energy savings, possibly saving residents hundreds of dollars annually. Furthermore, smart thermostats maintain a customized and comfortable home climate at all times. Despite the higher upfront investment, smart thermostats are built to compensate for the cost through energy savings and improved efficiency in a short period.
Reason to Consider Smart Lighting
Like smart thermostats, smart lighting systems are designed to reduce energy consumption and boost efficiency. Featuring high-efficiency light fixtures and automated controls, these systems adjust automatically based on the number of occupants and outside light conditions.
Smart lighting solutions can be programmed, managed via a mobile app, and tailored to save energy and improve home security. Of all the smart home technologies, smart lighting is one of the most accessible and affordable, making it a great starting point for integrating innovation into your home.
To learn how smart technologies can improve your rental property management, contact Real Property Management Principles today. Our expert team is ready to help you incorporate the latest innovative solutions for better efficiency and tenant satisfaction. Reach out to us online or call 816-890-9800.
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