What do you picture when you think of the future generation of renters? The upcoming wave of renters, adults under 40, have needs and wants that differ greatly from older generations. As a property owner in Canoga Park, staying competitive in the single-family rental market requires understanding young adults’ needs and making upgrades to your rental homes.
Smart Technologies for Rental Properties
The rise of handheld smart technologies is making smart homes more common. Many young renters have been raised with smart technologies, including smart thermostats and lighting, in their family homes. These technologies enable easy adjustments of thermostats and lighting control with a few clicks.
Smart technologies aren’t just fancy extras; they can substantially improve a rental home’s performance and attract quality, long-term tenants. Let’s explore the benefits of smart thermostats and lighting for rental property owners.
Benefits of Smart Thermostats
Smart thermostats, equipped with advanced technology, learn your behavior and adjust the temperature settings to match. They track real-time energy consumption, automatically adjust when no one is home, and allow remote control of the home’s climate.
Even though the initial cost of smart thermostats is higher than that of traditional ones, they can lead to substantial energy savings, potentially saving residents hundreds of dollars each year. Besides, smart thermostats keep 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
Similar to smart thermostats, smart lighting systems are crafted to minimize energy use and maximize efficiency. Featuring high-efficiency light fixtures and automated controls, these systems adjust automatically based on the number of occupants and outside light conditions.
Smart lighting solutions can be programmed, managed via a mobile app, and tailored to save energy and improve home security. Smart lighting is one of the most accessible and cost-effective smart home technologies, ideal for those starting to integrate innovation into their living spaces.
To learn more about how smart technologies can improve your rental property management, contact Real Property Management West San Fernando Valley 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 818-727-0100.
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