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…
COVID-19 pandemic conditions and social distancing recommendations make real estate showings challenging. How are you supposed to show a property to a would-be renter or buyer without physically meeting them? Moreover, if you’re looking for a new home, how can you expect to shop around without interacting with multiple property managers or real estate agents? The answers to these questions…
The COVID-19 pandemic has negatively affected virtually every financial industry, including the multifamily real estate industry. To minimize these impacts and ensure that your multifamily real estate business can survive the pandemic, it’s important to understand and prepare for the future of multifamily real estate after COVID-19. In this article, we’ll highlight the most relevant COVID-related trends in multifamily and…
PropTech is short for “property technology,” and during the last decade, this buzz term has been taking over the real estate industry. According to the research company CREtech: “Investment in real estate tech companies globally hit $14 billion in the first half of 2019. That’s more than during all of 2017, which saw a record $12.7 billion in PropTech investment.”…
PointCentral continues to expand its smart lock options so property managers can choose what works best for their properties. The latest addition to the PointCentral smart lock family is the Yale Assure Lock for Andersen Patio and Entry Doors. Through PointCentral’s smart lock integration, the Yale Assure Series allows you to remotely add and remove unique access codes for users,…
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…
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