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A s you evaluate your needs going into 2020, consider leveraging IoT devices to increase NOI, operational efficiencies and decrease overhead expenses. The single family rental market con- tinues to grow (3% year-over-year rent growth in 2018 and 2% year- over-year so far in 2019, according to Jeff Cline, executive managing director at SVN),so it’s important to understand how technology can play a role in managing and main- taining a growing portfolio. OFFER SELF-GUIDED TOURS Adding smart home devices, like keyless locks, allow potential renters to view a property at their convenience which increases rental conversion rates. Grant one-time access codes to prospects and eliminate the need for a physical representative to be present at the time of the tour. When the time comes for a renter to move out, the system will automatically remove their codes from the lock, get rid of the ex- pense of replacing that lock each turn.
motion sensors are great ways to monitor vacant properties from afar. Adding sensors is a cost effective way to create an alert system that immediately sends notification when unauthorized activity is detected. They are easy to install (most come with an adhe- sive so you can remove or replace them quickly) and pair.
ENTERPRISE DASHBOARD Eliminate the need for individual applications to control IoT device, by utilizing an enterprise level dash- board. Having one platform to man- age a portfolio of one to 100,000 homes will provide actionable data and insights that is not possible when devices are being managed on separate platforms. Make decisions based on analytics and real
time reporting, staying on top of issues that would otherwise go unnoticed.
PROTECT AND MANAGE ASSETS One of the biggest benefits of using a smart home system and IoT devices is the peace of mind knowing your assets are protect- ed. By adding Z-Wave
Using smart home au- tomation makes it easy to grow your portfolio by eliminating day-to-day
operational inefficien- cies, saving time and money. Join the future of property management by implementing IoT devices that use a singular system to manage and maintain properties. •
enabled devices like thermostats, leak sensors, gas, carbon monoxide and smoke detectors to a home, you will gain a protection system that sends alerts so you can act quickly to prevent damage. You’ll also see utility savings for vacant homes with remote management of devices. For instance, you can enable eco mode on a thermostat with the tap of a button.
Self Tours | Fraud Protection | Asset Management
Learn more at SmartRent.com/IMN
PREVENT FRAUD IN VACANT HOMES Keyless locks, contact and
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