Property managers seeking the latest short-term rental technology can often be overwhelmed by the vast range of tech available and the continually evolving solutions being launched in the market.
As your portfolio expands, short-term rental technology becomes increasingly important and can save you significant time and money. From smart access technology to HVAC solutions, smart water management to property management software, there’s a technology solution to support all areas of your business.
Here are the five short term rental technology solutions every property manager should be aware of:
Smart access solutions
Smart access technology such as smart locks and keyless entry can help short-term rental property managers coordinate periods of high guest turnover across multiple properties during the busy season. Access codes are automated and given to new guests digitally for a seamless check-in experience. Property managers are also sent notifications during every step of the check-in/check-out process to monitor all access and time sensitive codes can be given to cleaners and maintenance teams during changeover.
Security is enhanced with the adoption of smart access solutions. The need for lockboxes with physical keys is eliminated, and all generated codes are temporary, lasting only for the duration of the stay and then revoked as soon as the guest checks out.
Smart video doorbells can also be integrated into access plans, giving managers a last line of defense when protecting their property – an important consideration following the recent ban on security cameras inside Airbnbs. Property managers can monitor who is accessing the property and identify if there are any unaccounted guests by viewing the live HD video feed remotely on their phone. Video will automatically be recorded when the doorbell is pressed or motion is sensed, improving the security of the property and saving footage should it be needed in the event of a crime – especially white a unit is vacant.
HVAC
Smart HVAC systems (heating, ventilation and air conditioning) are a worthwhile investment for property managers who can save a significant amount of money on energy bills and maintenance costs. Smart thermostats can reduce heating bills by around 9-16% and cooling bills by 15-23%, a considerable financial saving that means the technology pays for itself after a few years.
Using a smart HVAC solution, property managers can remotely control the temperature inside the rental when it is vacant, ensuring energy is used only when necessary, saving money and protecting the environment.
The HVAC system automatically triggers frequent system health checks and reports, notifying the property manager of any anomalies or problems. They can then decide when to deploy maintenance teams, ensuring that properties aren’t over-serviced and work is only carried out when necessary. Maintenance can also be scheduled around guest bookings.
Property management software
A reliable PMS (property management software) is an important STR technology solution for property managers particularly when scaling their business. Acting as a dashboard for whole property portfolios, technology solutions can integrate with the PMS to centralize and streamline operations into one place. This saves time and allows managers to monitor their properties remotely using just one system. A PMS also collates data that can be used to update property owners and develop future business goals.
Water management solutions
Water leaks are commonplace in homes across the world, with an estimated 10% of US properties suffering from ongoing or undiscovered water issues. Smart water management solutions, including smart water sensors, valves and meters can help prevent waste and stop small leaks before developing into costly problems.
Smart water sensors can be fitted around a rental property to detect water leaks and faulty pipes. When water is detected, a signal is sent to the shutoff valves that immediately stop the flow of water to that area. The shutoff valve is also connected to the smart meter which automatically sends an alert to the property manager. Maintenance teams can then be sent to the affected area and property managers can decide what action is taken without needing to attend the property.
Noise monitoring technology
Ensuring your properties are safe and that guests remain respectful, so as to not disturb neighboring areas, is extremely important. A great way to achieve this without violating any privacy rules is through noise monitoring technology. These monitors don’t record any voices; they only monitor when a certain decibel threshold is met or exceeded and records how long the disturbance goes on for. The noise monitor will then alert the property manager who can take necessary action.
During a time when it is becoming harder for property managers to monitor their properties, it’s important to have the right solutions in place that can boost security and protect their assets while improving the guest experience.
Want to find out more on integrating smart technology solutions in your short-term rentals? Read Angel Piontek’s article in VRMA Arrival here.
