Should you put SMART features in your rental property?

As a landlord, you understand the importance of providing your tenants with comfortable and convenient living spaces. With the increasing demand for modern amenities, you may be considering investing in SMART features for your rental property. In this guide, we aim to help you make an informed decision on whether to integrate SMART features into your rental property.

What are SMART features?

SMART features refer to technology-enabled devices and systems that can be remotely controlled and monitored through a mobile device or computer. These features include smart locks, thermostats, lighting systems, and security cameras. The benefits of SMART features include increased energy efficiency, convenience, and improved security. With these features, tenants can easily control the temperature, lighting, and security of their rental units from anywhere.

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Factors to consider before investing in SMART features

Before investing in SMART features, it’s crucial to consider the upfront costs and how they may impact your rental rates and return on investment. You also need to consider your target tenant demographic and their willingness to pay for such features. Additionally, you should have a backup plan in case of system failures and be aware of the legal and privacy implications of installing SMART features in rental properties. Your tenants will have the right to Quiet Enjoyment, and as such, you should not use SMART features to impact this. 

Pros and cons of investing in SMART features

The advantages of investing in SMART features include enhanced tenant experience, increased rental income, and energy efficiency. However, there are potential drawbacks such as higher maintenance costs, tenant privacy concerns, and potential security risks.

Best SMART features for rental properties

The best SMART features for rental properties are those that are cost-effective, easy to install and maintain, and provide the most significant benefits to both tenants and landlords. Smart locks, thermostats, and lighting systems are among the most popular SMART features for rental properties, as these each provide a level of convenience and security for any prospective tenants. 

Investing SMART features for your rental property can improve your tenants living conditions and increase your rental yield. Properties with these amenities are likely to attract a high level of renters, however, it is essential to carefully consider the pros and cons before committing to what could be a high-cost investment.

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Free Instant Valuation

See how much your property could get in rent.

Fee Saving Calculator

See how much you could save on property fees.

Yield calculator

Calculate your rental yield with our simple tool

Compliance checklist

Make sure your buy-to-let property remains legal.

Compliance Guide

Download your complete landlord compliance guide 

Meet Sam your local Expert

Sam has a wealth of experience across the private landlord and Build to Rent sectors. He has advised a wide range of clients across the whole of London on how to find great tenants, improve their assets and effectively market their properties for the best returns.

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