As multifamily homes and multipurpose apartment complexes continue to claim space in urban and suburban cities, developers are getting creative with amenities. The number of these properties is increasing, and so are renters’ expectations and standards when choosing where to live. More and more, residents are happy to pay for convenience and will choose their new home accordingly. If you’re…
The coronavirus has turned the world on its head in countless ways. Everyone is adjusting to what’s now called the new normal, referring to the new ways we work, play and live. Among those changes is how proptech helps both renters and property managers navigate the evolving reality COVID has introduced. Leveraging proptech for the “new normal” is a competitive…
The pace of smart home and IoT (Internet of Things) adoption will increase in 2021 and beyond. In fact, ABI Research projects that smart home expenditures will rise by 24.4% CAGR by 2026 to reach a whopping $317.6 billion — representing a 5% increase from previous forecasts. This increase in smart home technology adoption is largely related to the coronavirus,…
Multi-tenant properties, such as condominiums and apartment buildings, typically use an intercom system to allow residents to communicate with and grant building entry to non-residents. Most intercom systems are still separate from smart home systems – with which many rental residential properties are now equipped. This inefficiency means residents have to use different access controls to use the intercom and…
The right smart home system is expertly designed to make essential home functions, such as home access, security, thermostat control, and lighting control, fully automated, and more efficient. Home life becomes more convenient, secure, and operational costs are minimized when you choose the right smart home systems. While home automation is supposed to make life easier, installing a smart home…
Who wouldn’t want to buy a smart thermostat when it could help you save between 9-16% on heating your home this winter? With that level of savings, the thermostat pays for itself no time, and then it starts putting money in your pocket. It just makes economic sense to install one of these devices in your home. While the ENERGY…
Smart home technology may seem like a luxury right now. Still, it’s quickly becoming standard practice for those who are concerned with safety, lowering costs, and managing multiple properties with ease. A tech-savvy approach to rental differentiation, whether in a single-family home, a multi-unit residential property, or intelligent commercial buildings, can offer that “wow” factor to prospects. However, sooner than…
Innovation and automation are everywhere. PropTech is one of those areas where technology offers significant value to both property managers and tenants by facilitating communication, boosting security, increasing property utility efficiency, and reducing operating costs. Smart apartments and smart homes, however, are managed differently. Each property has different needs, and technology will be used in different ways. Take a look…
Technology has revolutionized nearly every sector of the economy. Property management is no different. As scattered as rental properties tend to be, and as property managers look for ways to be more efficient while still providing exceptional customer service, managers are turning to property automation. Lowering costs and optimizing returns while maintaining a personable customer experience is difficult until managers…
Among the many tasks that occupy a property manager’s day, there’s one responsibility that stands out above the others: Access Control. If your facility uses physical keys, someone needs to manage the process of cutting new keys and retooling locks every time a resident loses a key, vacates a unit, or suffers a break-in. Keycards and key fobs are a…
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