As a rental property owner, making your life as easy as possible is sensible. And, it doesn’t hurt to make your rental units more marketable to potential tenants. After all, the more popular your rentals are, the easier it is to fill vacancies.
So, what technology should be in your rental properties and property management toolbox? Here are a handful of must-haves:
A smart thermostat is a great way to save money on energy costs. Not only that, but it’s also a selling point for potential tenants. Smart thermostats empower tenants to gain more granular control over their environment for improved comfort. Programmable, your tenants can set the temperature to automatically adjust when they’re away from home or asleep, saving energy costs.
Smart Water Meters
As a responsible rental property owner, you want to do everything possible to conserve water. Smart water meters make it easy to track water usage in real-time so that you can identify and address any issues immediately. Adding smart meter reading technology to each unit can also help monitor usage and aid in more accurate water billing. Further, you can proactively address the issue or make necessary repairs if any unusual use gets detected.
Like smart thermostats and smart water meters, adding smart lighting features to your rental property can save you money. Smart lighting is more energy-efficient than traditional lighting, so you’ll see lower electric bills. You can also set the lighting to automatically turn off and on as needed, further reducing energy consumption.
Keyless entry systems are becoming increasingly popular in residential settings. They’re convenient, secure, and can be a selling point for potential tenants. In addition, if you manage multiple rental units, keyless entry can also help you better track who has access to each unit.
USB Power Outlets
Adding USB power outlets is a small but impactful upgrade that can make a big difference for tenants. Nowadays, everyone has multiple devices that need charging daily. USB power outlets make it easy and convenient for tenants to keep their devices charged without searching for an adapter.
CCTV And Security Cameras
As a rental property owner, your top priority is the safety and security of your tenants. Installing CCTV cameras or security cameras in and around your rental property is a great way to deter crime and monitor activity. In addition, setting up alerts to notify you if any unusual activity gets detected near entrances, exits, and parking areas helps deter crime.
Network And Wi-Fi
Good quality Wi-Fi is now necessary for most people, mainly as we increasingly rely on the internet for work, school, and entertainment. As a rental property owner, you should make sure your units have good quality Wi-Fi that can handle multiple devices. In addition, setting up an internet mesh system is a great way to ensure good coverage and provide a guest network to visitors and residents throughout your property.
Electric Charging Stations
As more people are switching to electric vehicles, it’s becoming increasingly crucial for rental properties to have electric charging stations. If you have the space, adding a few electric charging stations to your property can make it more attractive to potential tenants. Not to mention, it’s a great way to stay ahead of the curve and embrace clean energy.
Property Management Software
Property management software gives you the edge when you need to keep your rental properties running efficiently. This type of software provides a centralized platform for tracking and managing all your properties in one place. Everything from accounting to maintenance can be managed through property management software, making your life much easier.
Equipping your rental properties with the latest technology can give you a leg up in a highly competitive real estate and rental market. These days, tenants are in the market for more than just a place to live – they’re looking for a home equipped with the latest and greatest features.
By adding some or all of these must-have technologies to your rental property, you can make it more attractive to potential tenants who need to make a move. After all, life is better when you work smarter, not harder – and that’s what these technologies do. So give your tenants the gift of convenience, security, and peace of mind by outfitting your rental property with the latest technology today.
This article is brought to you by Henderson Investment Group, which has a state-of-the-art property match software that provides unique tools to find the best rental property for you.