Smart Home Upgrades for Rental Properties
Smart Home Upgrades for Rental Properties
Implementing smart home technology in your rental properties can increase their appeal to tech-savvy tenants, potentially command higher rents, and even reduce operating costs. Here's a guide to the most beneficial smart upgrades for landlords.
Smart Locks and Access Control
Smart locks offer convenience and enhanced security:
- Keyless entry eliminates the need for physical key management
- Temporary access codes for maintenance workers or showings
- Remote locking/unlocking capabilities
- Activity logs to monitor entry
- Integration with property management systems
- Tenant-controlled guest access
Popular options include August, Schlage Encode, and Yale Assure locks.
Smart Thermostats
Energy-efficient climate control benefits both landlords and tenants:
- Programmable schedules to reduce energy usage when units are unoccupied
- Remote temperature control via smartphone apps
- Learning capabilities that adapt to tenant habits
- Energy usage reports and optimization suggestions
- Potential utility rebates and incentives
- Freeze protection alerts to prevent pipe damage
Nest, Ecobee, and Honeywell Home are leading brands in this category.
Smart Lighting Systems
Upgraded lighting enhances convenience and efficiency:
- Remote control of lights via smartphone or voice commands
- Scheduling capabilities for security and energy savings
- Dimming features for comfort and reduced electricity usage
- Motion sensors for common areas like hallways and entryways
- Integration with other smart home systems
- Optional color-changing features for tenant customization
Consider Philips Hue, LIFX, or Lutron Caséta systems.
Water Leak Detection
Prevent costly water damage with smart detection systems:
- Early alert systems for leaks and unusual water usage
- Automatic water shutoff capabilities
- Freeze warnings to prevent pipe bursts
- Integration with property management notification systems
- Historical water usage data
- Potential insurance premium discounts
Flo by Moen, Phyn, and Flume offer comprehensive solutions.
Smart Security Systems
Enhanced security features attract safety-conscious tenants:
- Smart doorbells with video and two-way communication
- Motion-activated cameras for entry points and common areas
- Mobile alerts for suspicious activity
- Cloud storage of security footage
- Integration with smart locks and lighting
- Optional professional monitoring services
Ring, SimpliSafe, and Arlo are popular choices for rental properties.
Implementation Considerations
Before installing smart technology:
- Ensure reliable WiFi coverage throughout the property
- Consider who will manage system administration (landlord vs. tenant)
- Create clear policies for data privacy and device ownership
- Develop procedures for transferring control between tenants
- Calculate ROI based on potential rent increases and operational savings
- Check local regulations regarding surveillance and privacy
By strategically implementing these smart home technologies, landlords can create more attractive, efficient, and secure rental properties that appeal to today's tech-savvy renters.