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. Property owners in Franklin need to stay competitive in the single-family rental market by considering young adults’ needs and updating their rental homes.
Smart Technologies for Rental Properties
The spread of handheld smart technologies has led to the increasing prevalence of smart homes. Many young renters have been raised with smart technologies, including smart thermostats and lighting, in their family homes. These technologies make it possible to change thermostat settings or operate lighting with a few clicks.
These smart technologies are not merely fancy extras; they can significantly boost a rental home’s performance and appeal to quality, long-term renters. Let’s examine smart thermostats and lighting and the advantages they can provide for rental property owners.
Benefits of Smart Thermostats
Smart thermostats are advanced programmable devices that learn your behavior and adjust temperature settings accordingly. These thermostats track energy consumption in real time, make automatic adjustments when the home is empty, and allow for 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. In addition, smart thermostats ensure a customized and comfortable climate in the home at all times. Although they need a higher initial investment, smart thermostats are designed to recoup the cost relatively quickly through energy savings and improved efficiency.
Reason to Consider Smart Lighting
Like smart thermostats, smart lighting systems are designed to reduce energy consumption and boost efficiency. These systems combine high-efficiency light fixtures and automated controls that adjust autonomously based on the number of occupants and natural light conditions.
They can also be programmed, managed with a mobile app, and customized to optimize energy usage and enhance 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.
For details on how smart technologies can enhance your rental property management, reach out to Real Property Management Investor’s Choice today. Our experienced team is ready to assist you in incorporating the latest innovative solutions for enhanced efficiency and tenant satisfaction. Contact us online or by calling 615-810-9578.
Originally Published on September 14, 2018
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