You have no doubt seen smart locks on the shelves of your home improvement store, and you may even have one on your own home. But choosing one for your multifamily property is a crucial business decision. It’s easy to get swept up in the fact that smart locks eliminate all the hassles and headaches of managing keys. Just be aware that not all locks, not all software and not all properties are created equal. Below, we provide an overview of several important factors to consider in making your game plan for smart locks. A BEGINNER’S PLAYBOOK: SMART LOCKS, WI-FI & ACCESS CONTROL SOFTWARE
said Wi-Fi should be pre-installed and they’ll pay $31 more in rent per month to get it . 75% of Gen Z apartment residents
ASSESS WI-FI: YOUR HOME COURT ADVANTAGE
Many multifamily operators have realized that offering property-wide Wi-Fi is fast becoming table stakes for today’s renters. They want it in common areas and in their units for remote working and streaming, and for smart home technology. And they’re willing to pay more for it. According to a recent survey from lock manufacturer, Schlage, 75% of Gen Z apartment residents said Wi-Fi should be pre-installed and they’ll pay $31 more in rent per month to get it. Even more importantly, many of the most popular smart locks require Wi-Fi to give property managers remote control over access, among other useful things. So, if you don’t have property-wide Wi-Fi currently, you most certainly want to consider it.
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