Smart home technology has become increasingly popular over the years. It's a great way to automate our homes and live more conveniently. The perks are even better for landlords. Smart thermostats, for instance, can save serious energy, and in turn, lower heating expenses. Users can control the temperature of their unit based on usage, time of day, and even weather patterns.
Scott Safadi of Cal Bay Property Management encourages landlords to install smart thermostat technology as a way to attract and retain new tenants. In competitive housing markets, even little things like smart home technology can go a long way to win over renters.
Smart technology can even help you raise your rental fees. Amenities like smart thermostats increase the overall value of a rental unit, allowing you to upcharge tenants. If you pay utilities on behalf of your tenants, a smart thermostat can be an even better way to monitor usage while saving some money. When your unit is vacant, you won't have to worry about wasting energy, either.
-- Scott Safadi, Cal Bay Property Management
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