Creating Apartment Maintenance Efficiencies Through IoT

The Internet of Things (IoT) in multifamily housing isn’t so much about digital bling for residents as it is for more efficient ways to manage day-to-day operations and protect a property’s capital investments. True, smart door locks, techy thermostats, and voice recognition systems satisfy smart appetites and can, in some cases, earn a few bucks extra on leases. For the most part, those internet perks are marketing gadgets to help boost or maintain occupancy. The hidden benefit of IoT is the rising adoption of networks that enable operators to constantly feel the pulse of their properties. Devices that monitor the backbone of an apartment through preventative analytics are increasing the functional life of appliances and HVAC systems and minimizing the damage from water leaks. At the same time, they are reducing inconvenience to residents due to failing equipment and helping operators managing utilities. “The internet of things is playing a huge role in property maintenance, capital budgets, and energy management,” said RealPage Senior Vice President Jason Lindwall. That role is saving portfolios maintenance costs while bettering the living experience for residents through mobile technology. Automating smart home services Many good things are happening, like network developments at existing sites are moving toward connectivity through Wi-Fi and Ethernet, which provide multi-solution networks that address multiple community concerns. Also, wireless is going modular, such that adding more networks simply requires snapping on a new module rather than stringing wires from floor to floor or across a community. Systems can evolve with new technology solutions at the pace of the property. Companies like SmartRent, Stratis, and PointCentral are among the leaders that are helping to establish networks with third-party providers in new developments and existing properties with devices that improve maintenance processes, which ultimately saves m...