When considering the next generation of renters, what do you imagine? The next significant group of renters are adults under 40, whose needs and desires vary greatly from past generations. Property owners in East Rockaway 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
With the growth of handheld smart technologies, smart homes are becoming more widespread. Young renters often have grown up with smart technologies like smart thermostats and lighting in their 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 investigate the benefits smart thermostats and lighting can offer you as a rental property owner.
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.
Despite their higher upfront cost, smart thermostats can result in significant energy savings, potentially saving residents hundreds of dollars each year. Additionally, these thermostats offer the advantage of maintaining a customized and comfortable climate in the home at all times. Though they require a higher initial investment, smart thermostats quickly offset the cost through energy savings and improved efficiency.
Reason to Consider Smart Lighting
Smart lighting systems, akin to smart thermostats, are specifically designed to reduce energy consumption and increase efficiency. These systems include high-efficiency light fixtures and automated controls that adjust automatically based on occupancy and natural light.
Smart lighting can be programmed, managed via a mobile app, and customized to optimize energy use and improve home security. Of all the smart home advancements, smart lighting is among the most accessible and affordable, making it an excellent starting point for integrating innovation into your home.
To find out how smart technologies can benefit your rental property management, contact Real Property Management Innovation today. Our expert team is equipped to help you integrate the latest innovations for increased efficiency and tenant satisfaction. Reach out to us online or call 516-570-9275.
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