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Updated almost 4 years ago on . Most recent reply

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Tiffany Locus
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Is it wise to turn an investment property into a smart home?

Tiffany Locus
Posted

I own a property that I rent out to families.  There has been a number of water and fire incidents that give me pause and concern.  I need to know immediately when there is a water or fire event in my home so that I can mitigate the damage as much as possible.  None of my tenants end of being very bright people despite my best efforts to find reliable tenants.  We all know that finding a good tenant is hard to do.  I am looking to convert my house into a smart home to protect my home from continuous damage.  For example, I have a ring doorbell installed at the front door.  What smart home features makes sense to have on an investment property?

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Deneuve Brutus
  • Investor
  • Woodbridge, VA
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Deneuve Brutus
  • Investor
  • Woodbridge, VA
Replied

I agree with @Nathan Gesner, you may want to think about adding an addendum to the lease which states something with regards to training will be provided on the systems, or even have instructions on how to use the system or if such and such system fails due to misuse and it is not something that stops enjoyment based on local laws such as a thermostat, the tenant will be responsible. I added smart devices to my home as well to increase the appeal to the younger generation. So far so good!

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