Millennial renters have become a significant contributor to the vacation rental market. With the increase of technologies in homes such as home automation, property managers are profiting from millennial’s willing to pay a higher cost for a property with such upgrades. Millennials prefer to use hand’s free voice controlling systems such as Amazon Echo or Google Home to manage various devices including adjusting the temperature on a thermostat, lighting, making a phone call, and playing their favorite tunes. With home automation upgrades readily available, about 86 percent of millennial renters are more than willing to pay for a property that provides these technologies.
Vacation rental industry-known companies such as PointCentral and HomeAway teamed up to integrate a new technology solution to benefit vacation property managers and homeowners with the use of VRBO. This new technology provides Home Automation to control access to the properties using unique door codes in the homes. Having the controls over this system to adjust temperatures allows the accessibility, convenience, and comfortability needed for both the property manager and guests. When guests enter a vacation rental home for the first time, they expect the house to be accessible and the temperatures to be cool. With this system, the property manager can change the temperature to cool upon arrival, and when the guest departs, the property manager can then save costs by increasing the temperatures.
Home automation systems are becoming the next big thing in the vacation rental industry. It is a system that will boost profits and increase the likelihood of vacation rental properties receiving bookings even more so than before. That’s why we one hundred percent recommend adding a home automation system to your properties. Yes, you can control a variety of features in the home, but let’s not forget it is also an excellent tool for the guest to quickly ask questions including what are some top local restaurants, nearby retail stores, or what is there to do nearby. When you go on vacation, these are the types of questions that people ask. Without having to research it on their phone or computer, they can quickly get an answer via a hands-free device