Jeff Hoch’s Post

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

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

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

Are you struggling with managing your project budget for your smart building or home system? One common challenge many face is customers thinking the initial price is too high. However, if we look at it from a lifecycle approach, the operational expenses (OPEX) are actually low with many more benefits in the long run. By investing in a robust system that truly meets your needs, you can ensure the longevity of your smart building or home system. This means lower maintenance costs and a more efficient operation overall. It's important to educate customers on the long-term benefits of investing in a higher quality system upfront. Not only will they save money on maintenance costs, but they will also experience a more reliable and effective system that truly meets their needs. When considering your project budget, think about the bigger picture and the long-term benefits of investing in a system that will last. Your smart building or home system should be a valuable asset that enhances your daily life, not a burden that drains your resources. When it comes to choosing a system, what do you consider the most important aspect? Is it ease of use, affordability, reliability, or something else entirely? Share your thoughts in the comments below! Let's start a conversation and learn from each other's experiences. #SmartBuilding #HomeAutomation #buildingautomationbyelsner #LongTermInvestment

Smarter Homes, Smarter Investments Gone are the days when a home was simply a place to eat and sleep. Today, homeowners seek a seamless blend of comfort, convenience, and connectivity. With technology evolving at an exponential pace, property developers must consider how to make sure their projects are future-proof. Here’s a few reasons to include ‘smart home’ technology in your next development project: - Environmental benefits - Lower energy bills- for your buyers - Future-Proofing your developments - Potential to increase the properties value Click here to learn more: https://bit.ly/4aPrrVe #MSPCapital #SmartHomes #PropertyDevelopment

Nobody wants to pay $268 for every tCO2e + Everyone want to save money= Why aren’t more building owners retrofitting their buildings to make them more energy efficient?? As energy efficiency professionals, you probably know some of the things that are holding owners back from making changes. You also know the substantial savings potential in upgrading building systems. Bottom line——— Educating building owners about their options is key. Get in touch with decision makers using Actovia’s CRE contact data including - Names - Numbers - Emails You can sort leads by square footage, community district, and BBL ending to help you connect with more property owners and guide them in making the right choice. Learn more https://lnkd.in/dY6_kaYp #EnergyConsulting #LocalLaw97 #BusinessGrowth #PremiumLeads #NYCRealEstate #EnergyEfficiency #MarketingCampaigns

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

Proud to announce Susy’s new product, the Green Home Calculator. Want to know the impact of a green retrofit on you home value? Did you know that installing, for example, solar panels on your roof could uplift your home value up to 15%? This is a huge step ahead for Susy technology applying our core deep-tech to very simple and useful solutions.  For free! How it works: the user input the address, our algorithms build the property “digital twin” and then calculate the home value and all retrofits available for that property. The user plays the calculator (it’s a game!) and we return with a full report – all possible green retrofits, costs, savings, and the respective home value increase. Of course home values are quite subjective, I know, but you will see that the accuracy is pretty good. Alexander May Estate Agents, the Bristol’s Property Hub, is offering it here  https://lnkd.in/eGBgGwzJ. (note1:  only for Bristol addresses at the moment… if you need other places, please get in touch with our commercial team) (note2: hugely thankful to Rob Mamuda and Alan Furlong who helped to create this amazing tool)

Tune in: Smart HVAC for smarter properties James Hannah from Parity talks remote optimization for multifamily, condo, and co-op communities. Where will this tech take your energy management? Listen now: https://hubs.li/Q02KtrDr0 #PropertyTech #EnergyEfficiency #RealEstateManagement

Recently, we’ve seen tons of advice about making self-storage facilities more attractive to tenants with state-of-the-art technology for convenience, data security, climate control, online rentals, contactless move-ins, and more. While acknowledging that some technological advances have a positive impact, Senior Directors Frank DeSalvo and David Perlleshi of Franklin Street Advisors point out that overreliance on technology has its drawbacks. “Implementing technology in a way that is meaningful and helpful to customers is beneficial. However, solely focusing on technology to boost profits may lead to short-term success, often failing to retain customers — or revenue — in the long run,” DeSalvo says. He sees cameras, gates, and fences for security plus HVAC equipment for climate control as essentials that today’s tenants demand. However, his colleague Perlleshi takes an old-school view. He advises investors to “return to the basics: the historically proven, simple, drive-up, non-climate structure.” He reasons that “the market is crowded with fancy new climate-controlled facilities that don’t align with the current demand for basics: a safe, simple structure for storing goods.” What do you see as the pros and cons of technology for self-storage operations? Let’s talk about it. #SelfStorage #SelfStorageInsights #EquanimityCapitalPartners