Open technology: The future of multifamily living
Open technology is a core part of creating future-proofed high tech apartment solutions that can be scaled and adapted to meet the changing needs of tenants.
We can see it in the fact that smart technology is only increasing in people’s daily lives since 79% of all multifamily tenants said they should be able to send a direct message or use an app to deal with any maintenance requests. Or that sustainability is becoming more and more top of mind, with 73% of Gen Z tenants stating they’re willing to pay more for sustainable living options like building automation for simple energy efficient living and that 60% of all renters are actively seeking sustainable apartment living.
What tenants are looking for is changing. The generations that are now the largest renters, have new cares, concerns, and demands from their landlords and properties. Staying ahead of this means being on top of trends to increase retention and ensuring your systems in place are flexible enough to meet today and tomorrow's demands.
So how do we ensure this? That’s where the power of open technology and integration comes in.
The amount of multifamily tenants who said they should be able to send a direct message or use an app to deal with any maintenance requests
The amount of renters actively seeking sustainable apartment living
The amount of Millennial tenants who are willing to pay 20% more for a home with smart tech like electronic access, keyless locks, and mobile-controlled security
The benefits of integrating
As a property manager or landlord, there are many benefits to integrating for both your tenants and yourself.
For tenants:
A recent survey found that half of all tenants move out of their apartment every year, which has a massive impact on ROI. Integration can help you create a seamless experience for your tenants, increasing satisfaction, and therefore, retention and ROI.
Want to see the impacts of poor tenant retention – check out our guide for property managers and developers.
By bringing your access and security system together with a property management system – as award-winning ICT dealer Mammoth Security has done for Up Realty in the US – tenants can use a single app to enter and move through the building, access their apartment, control their lighting, HVAC and smart appliances, pay bills, and send maintenance requests.
For property administrators:
A single pane of glass view allows staff – from landlords and property managers to reception and security – streamlined management, control, and oversight of the building.
Whether it’s issuing and revoking credentials for building and apartment access with the tap of button or customizing which areas tenants can and can’t access in a building, multifamily technology allows you to streamline operations, ensuring you get the most out of your investment and systems.
Explore the solutions
Discover how you can leverage open technology and integrations to build your own custom integration that allows a seamless, stress-free experience, for staff and tenants alike.
