Jeff Hoch’s Post

Did you know that the right Smart Property Technology platform can revolutionize not just the resident experience, but also the operations and maintenance (O&M) side of your real estate business? As professionals in the fast-growing and innovative real estate development and property management industry, we often focus on enhancing the resident experience. However, the operations and maintenance staff are the backbone of our industry, and their needs are just as crucial. Our solution is designed to cater to both aspects, providing a seamless experience for residents and a streamlined workflow for staff. Imagine a platform that integrates Building Access Control, Video Surveillance, Water Leak Detection, Water Shutoff, Smart Locks, Smart Thermostats, Smart Lighting Control, and Garage Control. For the operations and maintenance staff, this means less time spent on manual tasks and more time focusing on strategic initiatives. For residents, it means living in a smart, secure, and convenient environment. My team and I are dedicated to providing innovative solutions to multifamily real estate developers, owner/operators, and property managers. We love working with clients nationwide to craft the perfect solution for their building and budget. We'd love to hear from you. -What are some of the challenges you face in managing your properties? -How do you think a comprehensive Smart Property Technology platform could benefit your operations?  -What is holding you back from starting a pilot on at least one of your most operationally challenging assets this Spring? #SmartBuilding #PropertyManagement #Innovation

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 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

The average turn cost of an apartment can range from $2500 - $5000, could be more depending on replacement costs. With investment holds proving longer than the initial 3-5 years proforma, going on to 7-10 year holds, what are you doing as an owner to recapitalize in order to keep residents in place? What if I told you a $400-600 non invasive per unit recapitalization in smart technology you could see an increase in resident retention and renewal rates? What if you could also see an expense reduction of your current proforma of 5-7 percent with this same recapitalization? How are you staying competitive with new Multifamily construction that features smart technology coming into your markets? These are the types of business challenges ePropertyCare is here to solve through our products, partnerships, and technology. Let’s discuss a project or portfolio and see where we can help you push the needle in property performance with our smart technology systems. *Vacancies as reported below are likely due to increase in construction supply.* ePropertyCare PointCentral Alarm.com Building36 Technologies #multifamily #apartment #smartlock #proptech #smarttechnology #propertymanagement

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

Help me out.... We talk about the lifecycle of a building.... BUT... life cycle isn't from birth to death, it's a CYCLE. A lifecycle involves renewing the cycle, starting over. So do buildings actually have a life CYCLE? Or do they just have a life span? How can we actually make a building lifecycle which creates something new as old buildings outlive their usefulness? #talkingwalls #buildingthoughts #facilitymanagement #buildingcontrols #smartbuildings #smartgrid #smartcities

"As SKBM has been taking a strategic look at the industry, this data is already helping us to better understand our customer needs and curate the right set of tools for the best ROI," said Cris Kimbrough, PhD, PMP, Chief Strategy Officer, SKBM Smart Technology. Interviews with multifamily executives highlight multiple benchmarks and additional metrics to measure impact of smart building deployments: *** Smart door locks and access control provide a 20% efficiency boost for maintenance staff by allowing them to enter residential units without needing to pull unit keys. *** Smart thermostat deployments incorporating advanced energy programs such as time-of-use experienced a 20-30% reduction in annual expenses and 20-30% reduction in energy use. Multifamily properties are increasingly investing in smart technology solutions to improve operations, reduce costs, and better attract and retain tenants, but there is an industry-wide need for benchmarking, to better gauge the outcomes of smart building deployments.. This white paper shares findings of Parks Associates’ interviews of multifamily owners, operators, and property managers to deliver these specific insights: • How companies are tracking and evaluating the ROI and NOI of smart building deployments • Metrics and results of companies that have deployed these solution • Strategies for benchmarking effectiveness DOWNLOAD - READ MORE https://lnkd.in/geuC7REG

Vacant units are expensive! If you haven't followed Stacey Hampton yet, you should. She is an expert in all aspects around Multifamily, NOI, and Property Management. Recently, Stacey posted about the true cost of unit turnover, and the breakdown was mind-boggling. 🤯 One crucial aspect of managing turnover costs is controlling and minimizing energy usage in vacant units. We've all walked into an apartment with the AC set to "stun" or the heat cranked up. Often, after various professionals complete their work, the thermostat remains set to high-cost settings. You can avoid these unnecessary costs by implementing a Smart thermostat. The Alarm.com Combo/Hub thermostat is a sleek, design-friendly, 2-in-1 solution. With this, you eliminate the need for an external hub, and through PointCentral software, you can control the settings in your vacant units and common areas, remotely. This solution allows you to create schedules, completely lock a thermostat, or set guardrails for acceptable temperature ranges. 👍 At ePropertyCare, we have successfully installed and support many of these systems across the country in both student living and multifamily communities. If you're looking for ways to lower or control your energy usage, this is an effective and simple solution. Schedule a meeting at YOUR convenience using my calendar link in the first comment or contact me at Sarah@ePropertyCare.com. #Sustainability #EnergySavings #multifamily #Studentliving #SmartBuildings

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

On average, 106,700 multifamily residential building fires occur annually, underscoring the critical need for advanced fire safety measures. Fortunately, PropTech solutions, including Wi-Fi-enabled smart fire detection systems and fire-rated smart locks, are designed to address this reality, offering early warnings and secure access to enhance safety. Check out our latest article to see how these technologies can protect your property and residents. http://ms.spr.ly/6045ctxVx #PropTech #Multifamily