One of the best ways to achieve this balance is by installing a programmable thermostat in your rental property. Here are some benefits of making the switch to a programmable thermostat.
Whether you or your tenants pay for the heating and cooling costs, a programmable thermostat can help you conserve energy and save money. With its ability to automatically adjust the temperature based on your schedule, you can program it to turn down the heat or air conditioning when no one is home or during the night. According to the U.S. Department of Energy, turning your thermostat back 7-10 degrees for 8 hours a day can save up to 10% on your annual heating and cooling costs.
Happy tenants mean a lower vacancy rate, which is good for your bottom line. By providing your tenants with the convenience of a programmable thermostat, you are making their lives easier and more comfortable. A comfortable home environment can be a significant factor in tenant satisfaction and retention.
Conserving energy and saving money isn't just good for your wallet; it's good for the environment too. Reducing energy consumption through the use of a programmable thermostat helps reduce your carbon footprint, making your property more eco-friendly.
Programmable thermostats come with various settings, allowing for customization to meet specific needs. For example, if your tenant has a pet that stays home during the day, the thermostat can be programmed to maintain a comfortable temperature while they're away. The thermostat can also be set to ensure the temperature is perfect when tenants arrive home from work or school.
Installing a programmable thermostat is relatively easy, and once set up, the thermostat can be adjusted to suit your preferences. The device can be programmed to operate based on a 7-day schedule or individual daily settings.
Once you’ve decided to install a programmable thermostat in your rental property, there are a few tips to keep in mind to ensure you’re using it to its fullest potential:
By following these tips, you can ensure that your programmable thermostat is properly installed and used to its full potential, helping you save money on energy costs and improve tenant comfort.
Overall, installing a programmable thermostat in your rental property is a smart investment that can save you money in the long run. By allowing your tenants to schedule temperature changes based on their daily routine, you can avoid unnecessary energy use and reduce your heating and cooling bills.
At Gordon James, we understand the importance of energy-efficient features in rental properties. That’s why we offer property management services that help landlords maximize their investment while providing a comfortable living experience for tenants. From marketing and leasing to maintenance and rent collection, we handle every aspect of property management to ensure our clients’ success.
If you’re a residential landlord looking to improve your property’s energy efficiency and tenant comfort, contact Gordon James today to learn more about our property management services.
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