A study conducted in 2016 by the Pew Research Center found millennials have surpassed baby boomers as the largest living generation in the U.S. To keep up with this tech-savvy generation, multi-family professionals understand the value in updating their facilities to feature smart technology. Whether or not you consider yourself a techie, this innovative technology is taking the industry by storm, and gives a competitive edge for properties that adapt.

Smart features, including smart locks, lighting and HVAC systems, have become key elements to attracting potential residents, and property managers are taking a closer look at smart home features that provide additional convenience.

As they consider upgrade options, smart locks are the perfect place to start. In particular, Schlage Control™ Smart Locks offer innovative, appealing solutions to attract new residents and streamline operations. These locks are an open architecture design, allowing property managers to easily upgrade systems that will seamlessly integrate with Allegion’s Software Alliance members. Additionally, Schlage Control™ Smart Locks allow property managers to easily grant or revoke resident access, gather data, view access history and more.

Similarly, Wi-Fi enabled thermostats controlled by smart devices can help cut costs for both property managers and residents. For residents, the ability to control the temperature of their apartment via smart devices allows them to remotely adjust the temperature levels as needed. At the same time, for properties that factor utility costs into the rent, the automated temperature control across units can help cut costs, especially when apartments are unoccupied. Should a unit become vacant, property managers can set parameters on it and save money. Additionally, property managers can control energy in common areas.

Smart home lighting also provides a comfortable and secure environment. The system effortlessly connects to a variety of smart devices, improving a space’s safety and comfort for residents. By connecting their lighting with compatible smart devices, residents can ensure they will never walk into a dark apartment, and should they leave their lights on after exiting, they can remotely turn them off or make adjustments through a smartphone app.  

Overall, smart home technology is a wise investment opportunity for property managers who are interested in attracting new residents and improving operational efficiency.