73 % of renters say smart home features influence their leasing decisions 20 % of rental operators reported an increase in maintenance sta e ciency due to keyless access $ 35 to $ 50 more Tenants are willing to pay per month for most smart home products 3 % Rental operators reported a reduction in their CAPEX operational budget due to keyless access the demand for tech-enabled spaces. By embracing these trends, property managers can differentiate themselves in a competitive market and more easily justify premium rental fees. Challenges for property owners also bring growth opportunities. Property crime is still a top concern for Americans, according to SafeWise, while evolving tech and green building regulations may add costs. Additionally, increased competition from single-family, built-for-rent (SFBFR) properties highlights the need for digital transformation to drive ROI and stand out.
RENTAL DEMAND IS ON THE RISE, WITH RENTER HOUSEHOLDS GROWING 3X FASTER THAN HOMEOWNER HOUSEHOLDS.
HOW TO START YOUR DIGITAL TRANSFORMATION WITH SMART LOCKS Start by looking for technologies that can address property showings while mitigating challenges, such as smart access solutions. Smart access solutions have emerged as the cornerstone of digital transformation.
Smart access control technologies:
• Enhance security
• Reduce manual administrative tasks
• Enable easy visitor access
START BY LOOKING FOR TECHNOLOGIES THAT CAN ADDRESS PROPERTY SHOWINGS.
• Attract residents seeking modern conveniences
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