Technology is becoming increasingly prevalent in everyone’s lives, including property managers. As smart technology is slowly becoming more popular, property managers can use it to their advantage to attract more tenants to rent.
Smart home technology, which used to be only available for single-family houses, is now gaining ground in the apartment space. The benefits that it provides are attractive, and real estate investors and property managers should use it to give their property a boost in value.
It makes life easier
Think Realty says that smart home technology that has a Virtual Personal Assistant or VPA can make things easier for tenants. That’s because these smart technology systems offer an interconnected home ecosystem. These technologies allow users to control their home environment via their mobile devices. The tenant can connect several of their smart home devices via Wi-Fi or VPA.
Using smart technologies in apartments can also be beneficial to both owners and property managers, too. Property managers no longer have to physically take back keys from a renter once they vacate. Instead, the manager can remove the previous tenant’s access by changing it using their device. Also, they don’t have to worry about anyone leaving the lights on or forgetting to turn off the AC because the property manager can already do that on their end.
Enticing new renters with smart technology
Smart technology has come a long way since 2015. What used to be an expensive piece of comfort has now become affordable to everyone. The relatively small investment needed by smart technology can add immense value to your property.
Fortunately, installing a system has never been simpler. Software Advice says that many renters nowadays already own devices that can get connected to the VPA. They can use their devices and appliances to the VPA to create a home ecosystem that they can access from their device.
Choosing the right smart devices
Although VPAs are affordable, they may not offer the right level of safety that the tenants need. That’s why it’s crucial to choose the right smart devices that can add value to your property.
You can add a smart video monitoring system in each of the units. This will give tenants a way to check their valuables or loved ones in case they’re not at home. Another tool that you can add is a smart thermostat. These devices can allow your tenants to adjust the temperature using their smartphones. They also have the option to record both external and internal temperatures, with info on how long the HVAC system has been running. Some can even notify tenants when A/C maintenance becomes necessary, preventing system breakdowns. Best of all, smart thermostats are cheap, and relatively easy to install. They are also one of the features that most tenants are looking for in Townsville apartments.
Connecting to potential tenants is not an easy task. You need to figure out a way to make your property stand out from the rest of the competition. Using smart technology to your advantage can give you an edge. Even more, it can benefit you when it comes to managing the property later.