“Smart building solutions can create innumerable benefits to multifamily properties, provided the deployment and ongoing support are planned correctly for each property,” Parks said, according to the company’s June 19 release. The whitepaper, titled Smart Tech for Multifamily Properties: Understanding ROI, concluded that smart door locks and electronic access control systems saved an average of $80,000 per year, per building. According to the whitepaper, which is available for download here, on Parks Associates’ website, the increased efficiencies created by the technologies were thanks to a reduction of time spent on maintenance requests. https://lnkd.in/gkPR6Yuw
Elizabeth Parks’ Post
More Relevant Posts
-
Exciting developments in property management! 🏢🔒 New research shows that smart door locks and electronic access control systems are delivering substantial savings for multifamily property owners. These technologies cut maintenance requests by 10% and save an average of $80,000 annually per building. Smart locks are proving to be a game-changer in the real estate industry by reducing the time and costs associated with traditional lock systems. Check out the full article for more insights: #PropTech #SmartBuildings #RealEstateInnovation
Smart door locks helped produce big savings for MDU owners - Broadband Communities
https://bbcmag.com
To view or add a comment, sign in
-
Real-world results speak volumes: Properties like Park Lake Apartments and Keystone Flats are harnessing the power of managed Wi-Fi to revolutionize their operations and tenant experiences. From seamless integration of smart thermostats and EV chargers to ensuring reliable connectivity for critical systems like security cameras and access controls, the benefits are clear. Spot On Networks’ managed Wi-Fi isn’t just about internet—it's about creating smarter, more efficient, and future-ready properties. Explore how we’re helping multifamily communities thrive in today’s tech-driven world. #ManagedWiFi #ProptechSolutions #SmartApartments #PropertyManagementTech #ResidentSatisfaction #IoTConnectivity #RealEstateInnovation #FutureReady #TenantExperience #OperationalEfficiency #SmartLiving #TechTransformation #HighTechMDUs #SpotOnNetworks https://lnkd.in/eEnnWaMC
The Benefits of Managed Wi-Fi as Part of Your Proptech Strategy
https://spotonnetworks.com
To view or add a comment, sign in
-
Imagine the peace of mind you'd have knowing the exact costs of implementing an enterprise grade Smart Tech platform in your next construction project or value-add acquisition. No more guesswork, no more unexpected surprises. As a trusted advisor in the fast-growing and innovative Smart Building and Smart Apartment Technology industry, my team and I have crafted detailed budgets and designs for hundreds of projects. We understand the dynamics of financing these type of capital projects and guide our clients through the intricacies of how to best accomplish a solution that not only improves efficiency for their team but also delights residents. We've worked with Multifamily Real Estate Developers, Owner / Operators, and Property Managers nationwide, delivering solutions that encompass Building Access Control, Video Surveillance, Water Leak Detection, Water Shutoff, Smart Locks, Smart Thermostats, Smart Lighting Control, and Garage Control. But here's a question to stimulate some discussion: What's the one technology that you believe would make the biggest difference in your real estate development or property management project? I'd love to hear your thoughts. Leave a comment below and let's start a conversation. If you found this post insightful, feel free to share it with your network. #RealEstateDevelopment #SmartBuildingTechnology #PropertyManagement
To view or add a comment, sign in
-
Curious about the future of fiber-optic technology in the real estate sector? Check out this informative piece on how Quantum Fiber is shaping the landscape of connected communities. #FiberOptics #FutureTech #Multifamily
Three Connectivity-Related Issues To Consider To Keep Residents And Building Staff Happy
bisnow.com
To view or add a comment, sign in
-
Curious about the future of fiber-optic technology in the real estate sector? Check out this informative piece on how Quantum Fiber is shaping the landscape of connected communities. #FiberOptics #FutureTech #Multifamily
Three Connectivity-Related Issues To Consider To Keep Residents And Building Staff Happy
bisnow.com
To view or add a comment, sign in
-
Are you prepared for the upcoming budget season? 🏢 As we approach this critical time, it's essential to consider how to enhance your Multifamily, Student Housing, and Build-to-Rent (BTR) communities with smarter technology. In my experience, integrating advanced solutions can significantly improve the quality of life for residents and streamline property management. At ePropertyCare, we specialize in delivering innovative solutions tailored to your unique needs. Whether it's Building Access Control, Video Surveillance, Water Leak Detection, or Smart Locks and Thermostats, our goal is to create a seamless and secure living environment. Why should you consider smart technology now? First, it offers long-term cost savings. Smart water shutoff systems, for example, can prevent costly damage from leaks. Second, it enhances security and peace of mind for residents through smart locks and video surveillance. Lastly, it boosts energy efficiency with smart lighting and thermostats, contributing to sustainability goals. Our team is dedicated to understanding your specific requirements and crafting solutions that align with your budget. We invite you to book a budget workshop with us. This collaborative session will allow us to listen to your needs and propose a customized plan that fits your property perfectly. Don't miss this opportunity to make your communities smarter and more efficient. Click the link to schedule your budget workshop today and let's start transforming your properties together. What smart technology are you considering for your properties? Share your thoughts in the comments below! #SmartBuilding #RealEstateDevelopment #PropertyManagement
To view or add a comment, sign in
-
Curious about the future of fiber-optic technology in the real estate sector? Check out this informative piece on how Quantum Fiber is shaping the landscape of connected communities. #FiberOptics #FutureTech #Multifamily
Three Connectivity-Related Issues To Consider To Keep Residents And Building Staff Happy
bisnow.com
To view or add a comment, sign in
-
Curious about the future of fiber-optic technology in the real estate sector? Check out this informative piece on how Quantum Fiber is shaping the landscape of connected communities. #FiberOptics #FutureTech #Multifamily
Three Connectivity-Related Issues To Consider To Keep Residents And Building Staff Happy
bisnow.com
To view or add a comment, sign in
-
Curious about the future of fiber-optic technology in the real estate sector? Check out this informative piece on how Quantum Fiber is shaping the landscape of connected communities. #FiberOptics #FutureTech #Multifamily
Three Connectivity-Related Issues To Consider To Keep Residents And Building Staff Happy
bisnow.com
To view or add a comment, sign in
-
Curious about the future of fiber-optic technology in the real estate sector? Check out this informative piece on how Quantum Fiber is shaping the landscape of connected communities. #FiberOptics #FutureTech #Multifamily
Three Connectivity-Related Issues To Consider To Keep Residents And Building Staff Happy
bisnow.com
To view or add a comment, sign in
Market Research and Marketing Communications Expert | Thought Leadership | Networking / Brand Visibility for Tech and IoT Markets - Consumer, Small Business, Multifamily
6mo“Parks Associates’ latest research finds a high interest in energy systems and services among MDU property owners and managers, with 69% showing interest in a backup power service and 56% showing a high interest in a generator for backup power during outages,” the company’s announcement stated.