4 Tips For Managing Heating and Cooling Costs at Your Vacation Rental
September 16, 2022Making the Most Out of Your Real Estate Investments With a Vacation Rental Thermostat
October 21, 2022As a landlord, you want what’s best for your property and tenants. With the current spike in heating costs and an upcoming winter season with more increases and shortages, everyone’s struggling to find a happy medium. Property owners with rent-stabilized buildings can’t raise prices to meet the cost increases and are often left paying the difference. Multi-family properties without limitations on monthly rental increases can step in and attract and keep tenants by offering to include heating and cooling costs with rent for a bump in the monthly price. A landlord-controlled thermostat can help everyone—from the property owner to the tenants. It may be best to keep everyone comfortable and avoid costly damages when systems are overworked. This two-part blog post will help you understand what it is and explore several reasons you want a landlord-controlled thermostat and the top three models on the market.
What is a Landlord Thermostat?
A landlord-controlled thermostat is a device that regulates the temperature in a rental property. You can set the temperature range and schedule, and the tenants can’t make any changes. You don’t have to worry about tenants leaving the heat on when they leave for vacation or turning the AC up too high in the summer. It’s a great way to save energy and money and maintain a comfortable environment for your tenants.
Several landlord-controlled thermostats, from simple mechanical models to sophisticated smart thermostats, are on the market. However, many property managers and owners want simple, easy-to-use thermostats that require little maintenance. These offer the benefits of a landlord-controlled thermostat without the complexity.
1. Energy Efficiency
Did you know you can save on energy costs by controlling the temperature in your rental property? You only have to turn on the heat or air conditioning when necessary. Not only will this help slash your utility bills, but it’ll also make your property more eco-friendly! Save the environment and your wallet by investing in a landlord-controlled thermostat.
2. Attract New Tenants
Another enormous benefit of having a landlord-controlled thermostat is that it can help you attract tenants. Tenants are always looking for comfortable and convenient properties that can help them save money and reduce bills—having a rental property with heating and air conditioning ticks both boxes.
If you’re looking to attract high-quality tenants, offering a landlord-controlled thermostat is a great way. The landlord thermostat allows you to attract tenants with new perks without breaking the bank. It can do more than attract new tenants—it also keeps current tenants happy. A happy medium can save everyone money even if you raise the rent.
Property owners with tamper-proof thermostats can usually save 15% to 35% on their energy bills. The current economy makes Landlord-Controlled thermostats a great way to keep your rental property competitive, and it’s also great for the environment.
3. Compatible With Most Systems
Most landlords use their HVAC system to heat and cool their rental properties. Luckily, landlord-controlled thermostats are compatible with most systems. This means you won’t have to go out and buy a new system just to install a thermostat.
You can use your existing system and save money in the long run. Most work with heat-only, cool-only, heat and cool systems, and single-stage heat pumps. You can select from many wiring configurations to find one that works with your system. The instruction manual will tell you all the variations and how to make them work for you.
If you’re considering installing a landlord-controlled thermostat, chances are good that it will work with your existing system.
4. Easy-to-Install
Another great thing about landlord-controlled thermostats is that they’re easy to install. In most cases, you’ll be able to install the thermostat yourself in just a few minutes. There’s no need to hire an expensive contractor to install a thermostat. If you can handle some simple DIY, you should be able to establish a landlord-controlled thermostat with no problems. In most cases, you follow a diagram and connect a few wires. It’s that simple!
5. User-Friendly
Not only are landlord-controlled thermostats more energy-efficient, but they’re also easy to use. But landlord controlled thermostats are easy to use, so you won’t have trouble operating them. This series’s second part will review three top models and highlight their user-friendly features.
Many property owners cringe at the idea of programming complex thermostats. These aren’t smart thermostats that require you to be tech-savvy. You don’t need an internet connection, cell phone, or any other smart device to use them.
Smart thermostats work for individual homeowners but may not be the best fit for landlords. They’re not tamper-proof like landlord-controlled thermostats and require the user to have a smart device. They’re also more expensive than landlord-controlled thermostats. If you’re looking for an easy-to-use, energy-efficient, and cost-effective thermostat, landlord-controlled thermostats are the way to go.
Buy a tamper-proof thermostat today!
6. Affordable
As mentioned above, Landlord-controlled thermostats are affordable. You can find models that fit any budget, so you don’t have to break the bank to install one. And, since they can help you save money on energy costs, you’ll quickly make up for the initial investment. Tamper-proof thermostats are a great way to save money and improve your rental property without spending a fortune.
7. Low Maintenance
Once a landlord-controlled thermostat is installed, you won’t have to do much to maintain it. These thermostats are low maintenance and can last for years with proper care. Most models come with a warranty, so you’re covered in case anything goes wrong. You don’t have to worry about constantly replacing batteries or hiring someone to maintain your thermostat.
If you’re looking for a way to save money on energy costs, attract high-quality tenants, or just make your life easier as a landlord, installing a landlord-controlled thermostat is a great option. With so many benefits, there’s no reason not to give them a try! Shop Tamper Proof Thermostats from Chicago Controls Thermostats, Inc. on our website, or find our products at one of our retailers today.