Key takeaways & recommendations from Apartmentalize
While at the PayLease booth, client meetings, and over drinks in downtown Denver, we noted a number of trends and takeaways that are top of mind for multifamily owners and management companies.
Key NAA Insights:
- Apartments equipped with Smart home amenities are realizing rent premiums of $25 – $40 per unit per month
- It is expected that smart apartment devices will be table stakes by 2025
- A best practice smart home vendor evaluation criteria has emerged across multifamily
- Most multifamily Property Managers receive 20-30% of their payments online, but it’s possible to drive online payments up to 50%+ with the right setup and tooling
- 40% of management companies don’t yet have a utility strategy in place
To learn more about the key insights above and associated recommendations, take a quick spin through our Slideshare.