Not Just for Residents: Smart Home Makes Life Seriously Easier for Operators, Too

Recently apartment operators have begun to embrace smart home solutions – and for obvious reasons. 
The consumer world is driving multifamily more than ever before. Today’s residents have grown up with technology at the core of their existence, use it in every aspect of their lives and now expect a truly modern living experience – and that’s what smart home systems provide.
But installing smart homes is about more than simply giving residents what they want or expect. It’s about offering solutions that also provide significant benefits for apartment owners and operators as well. We have outlined what we believe are four of those important benefits:
1. Ancillary revenue boost. Owners and operators will definitely appreciate the extra revenue that smart thermostats and smart lighting technologies can bring in. To cite just one example, DEELS Properties, which owns and operates about 1,000 apartment homes in the Los Angeles metro area, reports that its smart home package has allowed it to boost rents by about $50. 
In a 2020 survey by the National Multifamily Housing Council and Kingsley Associates, apartment residents say they expect to pay a monthly premium of $33 for smart locks, $30 for smart thermostats and $29 for smart lighting.
2. Asset protection. Water leak detection devices commonly found in smart home packages can help apartment owners and operators avoid disaster.
These sensors notify staff and residents at the first sign of a leak, allowing action to be taken before a major problem develops. According to one estimate, if a maj……