A growing number of building owners and renters are learning about the benefits of smart technology. These benefits include better energy efficiency, lower operating costs, and even a chance for tenants to save money on their heating and cooling bills.
Using a smart thermostat to control your home's heating, cooling, and ventilation system can save you money and energy. The Department of Energy says installing a smart thermostat can cut your heating and cooling bills by about 10 percent.
Smart thermostats are also helpful because they are easy to use. They tell you the temperature in real-time, let you know if something is wrong, and let you control the thermostat from your phone.
Smart thermostats use technology to determine what temperature to set based on a person's daily routine and the weather. They also send alerts when the temperature in a room falls below a certain point. This is important because pipes can freeze in empty homes. If a pipe bursts, it can cause about $15,000 worth of damage to the house.
Using a smart thermostat can also show your tenants that you care about their comfort. Work-from-home jobs have made it possible for many renters to spend more time in their apartments.
Whether you own or rent your home, consider using a WiFi thermostat to help you control the temperature. These devices are linked to the WiFi network of the building and can change the temperature based on the weather and your needs.
WiFi thermostats can also be used to check the humidity inside and change the temperature based on a sensor's reading. This can help you save money on energy costs and keep your home at a comfortable temperature when you're not there.
Not all WiFi thermostats are as safe as they seem. They can be set up with a password, but if you want the thermostat to connect to your home network, you may need to give it a second password.
WiFi thermostats can also alert your landlord if the temperature drops below 70 degrees or the humidity increases too much. This can help you stay on good terms with your tenants and avoid cold or hot spots.
Tenants in both homes and businesses can use different formulas to figure out how much their rent will go up. The way each formula works will be different. How much the rent goes up depends on how the market is doing. Some landlords will try to guess how much their rent will go up next year. The tenant then has to pay the difference between the base rent and the escalation charges.
Most of the time, a landlord will figure out rent increases in the following ways. A tenant might, for example, pay a base rent of $2,000 and an increase of $1,500. The landlord will say how much the base rent is and how much it is expected to go up yearly. The tenant will then get an escalation bill from the landlord. The renter then has a certain number of days to pay the difference.
Most commercial leases have clauses that tie the rising cost of running a building to the general consumer price index (CPI). This CPI index is directly linked to price increases. If the CPI goes up by more than 6%, a landlord must use a formula to determine how much the rent will go up.