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Updated over 8 years ago on . Most recent reply

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Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
2,632
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Any new technology in rentals?

Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
Posted

Ideas I had:

• Nest automates thermostats and one day in the near future is a good implementation in B rentals • HVAC or dishwasher breaks and technology can alert you • Technology good for B and A class • Class B rentals are having Amazon lockers and these Nest thermostats • Know your avatar • At one time backsplash in kitchens was unheard of and now its a cheap fix • What is standard in the market? Dishwashers, garage doors, laundry price, etc.. • Zillow gives good filters for amenities like washer and dryers • Ask your property management what is standard • SFH’s should have the tenant paying the utilities • RUBS is Reimbursement Utility Billing System • Skeptic on keyless entry soon but good for short term rentals • A lot of new hardware and software coming but lets try it out at our own homes first yea 😁 • Use the technology in your rentals for tracking and monitoring • Don’t have personal relationships with your tenants • Property manager’s are the most critical people on your team and go off referrals • Yelp is just angry vendors writing bad reviews for each other • I look for the negative reviews as a good thing because they don’t want to cave in to resident requests • A nest thermostat or Thanksgiving turkey might be a good gift to bait a longer contract

Most Popular Reply

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Joseph DiNardi-Mack
  • Investor
  • Basking Ridge, NJ
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Joseph DiNardi-Mack
  • Investor
  • Basking Ridge, NJ
Replied

@Lane Kawaoka I think these are great ideas, and I can't wait till technology finally catches up to the real estate sector. I believe that a smart home will help with keeping costs low on rentals and while maintenance of some technologies are on the higher side now I believe that should swing to where they are not only more affordable but reduce costs overall.

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