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The last thing you want as a property owner/landlord is a high turnover of tenants, or worse still - difficulty in attracting tenants in the first place.

There are certain technologies that can make attracting and retaining tenants much easier to achieve. Some of these technologies may involve a significant up-front investment, but the returns are typically high in the long run. Attracting and retaining quality renters and charging higher rents, as well as reducing some bills, are just some of the benefits of integrating the following technologies into your property.

Photo by Ethan Wilkinson on Unsplash

Access control 

Choosing the leading access control solution is a highly effective way to gain instant and significant trust from prospective tenants. Now more than ever, people seek rentals that prioritise security. Access control systems not only provide superior security protections, but some can be managed remotely for increased convenience for all. Door access control can also be integrated with mobile, cloud-based technologies that enable touchless, keyless entry and further heightened access security. 

Screen displays in common areas

Installing informative screen displays in common areas like lobbies and elevators is a great way to effectively communicate with multiple tenants, while also offering the added perk of up-to-date news and other need-to-know information. 

Companies like MaxTV Media can be used to source news, weather, sports updates, and more to keep your tenants in the know. Touchscreens can also allow visitors easy access to local information and tenant directories. 

Smart thermostats

Tenants are becoming increasingly eco-conscious and price-sensitive when it comes to energy efficiency. As a result, something as simple as installing a smart thermostat can make a difference in attracting renters. 

While basic thermostats support programming temperature thresholds and setting on and off times, smart devices are WiFi-enabled and allow residents to create heating and cooling schedules for optimal efficiency and comfort. 

Manageable via smart device apps, smart thermostats can also be connected to voice-activation assistants, like Google Home or Amazon Echo, and used to collect energy-use data for analysis that can further improve energy efficiency. 

Smart bulbs

Smart bulbs are another popular eco-conscious product among modern renters. Not only are smart bulbs energy-efficient, but they can produce a vast range of colours, can be programmed in many different ways (such as mimicking sunrise at set times), and rarely need to be replaced. 

When you consider that lighting is reportedly responsible for as much as 10% of all energy use throughout a residential building, it stands to reason that they are a popular technological upgrade for tenants and landlords alike. It is estimated that smart bulbs are up to 90% cheaper to run than traditional bulbs, resulting in energy savings that represent a significant perk to potential renters. 

Motion-sensor lighting

This might not be the most cutting-edge, exciting tech to mention, but automatic lights are still essential for convenience and safety in modern buildings. 

Installing motion-sensor lighting in entryways and hallways assists residents when coming and going late at night or before sunrise. Finding a light switch in the dark can be both an inconvenience and a hazard when navigating a building entry. Motion sensors can also act as a deterrent to potential security breaches.  

Wired certification

Not many people will accept living with sub-par internet connections these days. Wired certification is a program developed by WiredScore that certifies buildings that boast the fastest and most reliable internet connections. 

A Wired Certification lets potential tenants know that the property offers fast and reliable internet services based on a building's infrastructure, connectivity, and readiness. The Wired Certified Platinum buildings are the highest-rated for connectivity, ease of installation, the quality and number of internet service providers, and more. 

In today's fast-paced, digital world, reassuring potential tenants that your building features exceptional internet services can go a long way towards attracting and retaining tenants. 

Automated tenant/building processes

Convenience and efficiency are key for modern renters. Many apps and software are available that can assist property owners in providing automated processes to make day-to-day living more convenient to residents. 

Automating such processes as digital maintenance requests, online rental payment collections, and HVAC adjustment requests can all help towards delivering a rental experience that feels more exclusive. 

If you can present your property with features that offer a more convenient and seamless experience for residents, you will attract quality tenants that value the added perks. 

Final thoughts

The technological advancements of recent years have transformed residential living, including multiple occupancy experiences. Increased security, improved energy efficiency, and a wealth of lifestyle conveniences all go a long way towards making your property a popular choice for quality renters. 

Again, some of these technologies may involve a significant investment up-front, but so long as you make wise choices, you can transform your property's attraction for renters looking for some additional modern lifestyle perks.

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