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
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“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
Smart door locks helped produce big savings for MDU owners - Broadband Communities
https://bbcmag.com
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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
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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
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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
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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
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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
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Existing buildings-especially here in New England- weren't built with electric vehicle charging in mind, making it a challenge to install chargers without breaking the bank. But what if you could add EV charging without the need for expensive electrical upgrades? Our case study shows how a condo building was able to install 21 charging stations using a private charging model and smart optimization to manage energy usage and reduce costs. https://lnkd.in/eZsTX5em #EVcharging #sustainability #propertymanagement
Multifamily Case Study: Condo adds 21 EV charging stations and avoids $24K in electrical upgrades
swtchenergy.com
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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
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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
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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
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