The Benefits of a Programmable Thermostat for Rental Properties

As a property owner or landlord, you understand the importance of keeping your tenants happy and comfortable while minimizing your expenses.

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.

1. Conserves Energy and Saves Money

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.

2. Promotes Tenant Retention

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.

3. Good for the Environment

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.

4. Allows for Customization

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.

5. Easy Installation and Use

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.

Tips for Installing and Using a Programmable Thermostat

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:

1. Choose the right location: As mentioned earlier, the location of your thermostat can affect its efficiency. Installing it on an interior wall, away from direct sunlight, doorways, and windows is best. It should be located where natural room airflow occurs. Avoid placing any furniture directly below the thermostat, which can disrupt the airflow.
2. Follow the manufacturer’s instructions: Each programmable thermostat will come with its own set of instructions for installation and use. Make sure you read and follow them carefully to avoid any potential problems.
3. Set the right temperature schedule: The beauty of a programmable thermostat is the ability to set a temperature schedule that matches your tenants’ daily routine. A common recommendation is to set the thermostat at 78 degrees Fahrenheit when tenants are home and need cooling, and 85 degrees Fahrenheit when they’re away. For heating, set the thermostat to 68 degrees Fahrenheit when tenants are home and lower it by 7 to 10 degrees Fahrenheit when they’re away.
4. Make use of the “hold” or “override” function: There may be times when your tenants need to temporarily adjust the temperature outside of their normal schedule, such as when they’re having guests over. Most programmable thermostats come with a “hold” or “override” function that allows them to manually adjust the temperature for a certain amount of time without disrupting their regular schedule.
5. Regularly change the batteries: To ensure your programmable thermostat stays in good working order, it’s important to change the batteries regularly. Most thermostats will have a low battery indicator, but it’s still a good idea to change them on a schedule, such as once a year.

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.

Conclusion:

‍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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