When you consider the next generation of renters, what do you think of? Adults under 40 are poised to be the next major group of renters, and their needs and wants are quite different from previous generations. As a property owner in Frederick, it’s crucial to remain competitive in the single-family rental market by understanding young adults’ needs and upgrading your rental homes accordingly.
Smart Technologies for Rental Properties
The increase in handheld smart technologies is making smart homes more prevalent. Young renters often have grown up with smart technologies like smart thermostats and lighting in their 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 employ advanced technology to learn from your behavior and adjust the 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. These systems include high-efficiency light fixtures and automated controls that adjust automatically based on occupancy and natural light.
They can also be programmed, managed with a mobile app, and customized to optimize energy usage and enhance security. Among smart home technologies, smart lighting is notably accessible and cost-effective, making it a perfect entry point for those looking to adopt innovative solutions in their homes.
To learn more about how smart technologies can improve your rental property management, contact Real Property Management Metro today. Our expert team is ready to help you incorporate the latest innovative solutions for better efficiency and tenant satisfaction. Contact us online or by calling 410-290-3285.
Originally Published on September 14, 2018
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