Make 2019 the Year of Smart Apartments

Why should multifamily property managers invest in smart solutions?

yellow and white apartment complex in Osaka, Japan

Smart home technology has been the hottest upcoming trend for quite some time. 26% of those surveyed by Hubspot indicated that they were most excited to test smart home technology at CES 2019 last month. As the excitement and buzz surrounding CES 2019 comes to an end, it’s a good time to dissect why consumers are gravitating towards not only a smart home but a smart apartment.

Back in 2016, in preparation for that year’s CES event, Coldwell Banker Real Estate partnered with CNET to produce a survey, polling 4,000 U.S. adults about smart homes. Results showed that 72% of millennials in the survey group indicated they were willing to pay $1,500 or more to make their home smarter, and 44% of the entire group would pay over $3,000. Those numbers certainly speak for themselves, right? Research also shows that homeownership rates were quite low across the board, but particularly so for the millennial age group. That means millions of young adults who are more inclined to invest in a smart home don’t own a home.

Cue a smart apartment.
Investing in a smart apartment will provide renters the same comfort, amenities, and lifestyle that are on the rise today.

Which devices, you ask?

With devices like a smart coffee pot, smart toilet, or smart pet treat dispenser on the market, which devices do renters truly care about? For millennials, who are more environmentally conscious and selective about the businesses they choose to work with, smart thermostats are a must. The thermostats allow them to monitor their energy use, and in turn, keep costs low. Property managers can also have control over thermostat ranges and functions while promoting the smart thermostat as a cost-saving feature.

Keyless locks are another important smart device renters look for in a smart apartment. Keyless access solutions allow renters to be worry free about losing keys or needing a spare when their friends or family decide to visit. With keyless solutions, renters can also generate custom codes for anyone at any time. Services, like Rently Keyless, allow renters to view the any and all lock activity, which can be useful if tenants have guests.

With physical devices, one aspect definitely cannot be overlooked: the SaaS. The software that comes with managing a smart apartment is vital. Renters need to be comfortable with using the mobile app and need to be able to control their space in the palm of their hand. They need to be able to generate codes, check their thermostat, and monitor their activity with ease. Making sure the mobile app (and the customer support that comes with it) is seamless should be another point to take into consideration. Renters should feel comfortable and cared for when they have concerns regarding their smart solutions.

Property managers matter, too!

But with all this terribly convincing talk about the benefits of smart devices for renters, what about the property managers? Investing in smart technology, at the end of the day, not only makes the renter experience more enjoyable but also allows managers to save time and minimize costs. Having smart solutions in place helps with managing thousands of units in the palm of your hand! Most (if not all) smart home technology companies have software that allow property managers to manage units in real time either via a web browser or through an app. Time and cost savings come into play when processes are automated, energy/utility costs are minimized, and renters are happy!

As a manager, it is also important to be aware of who you are buying from. Some companies don’t develop their products in-house, which can be a point to take note of. Because the tech world updates and develops so rapidly, those who don’t have their own proprietary technology struggle to keep up-to-date. As a manager who makes these purchases, constantly having to purchase new versions or needing to wait for updates can end up becoming costly. On the contrary, companies who do create any of their own proprietary technology can push updates automatically. Working with a smart solutions provider who knows the ins and outs of their product can be the key difference when choosing who to buy from.

All in all…

The future of the smart home is only going to shine brighter as technology continues to change. Trends show that more and more consumers are realizing that smart tech is here to stay and here to automate their life. Staying ahead of the game and providing the renter with ‘wow-factor’ amenities will certainly lead to a win-win situation for all.

To read more of Rently’s blogs, click here.

7 Dreamy Places (With Self Check-In) to Stay for Valentine’s Day

Our 7 Picks for Valentine’s Day

Valentine’s Day is just around the corner so we’ve curated some beautifully decorated AirBnb’s to stay at. All of the locations listed below have self check-in as an amenity, either through keyless entry or lockbox, which streamlines the check-in process once you arrive for your romantic getaway! (Notice: these locations may be booked up for this year…but that doesn’t mean we can’t appreciate their beauty, right?)

From the city to the oceanside, here are seven spots to check out for Valentine’s Day.

1.Chicago, Illinois

Artsy, unique, and plant-filled, this peaceful Chicago space will have an interesting photo opportunity at every turn! With the different colored walls and amazing art, this space definitely has the potential to be a cute romantic getaway.

Chicago apartment in the sun

2. Los Angeles, California

Soft with a touch of luxe is the vibes we’re getting from this location. Close to the Hollywood Walk of Fame, this spot will definitely make you feel like a celeb in the making. Don’t miss out on this great space in a great part of town this Valentine’s season!

los angeles airbnb bedroom

3. Nashville, Tennessee

Country chic, anyone? This cozy, cute place in Nashville will certainly make you feel right at home. Don’t forget to take all of your Instagram pics in front of that gorgeous wooden backdrop before you get a good night’s sleep!

Nashville airbnb bedroom

4. New York, New York

Ahh, New York…famously known for their tiny living spaces. The light color palette paired with the greenery of plants and paintings helps open up the room. After a night out in the city that never sleeps, come back and relax at this spacious, bright AirBnb.

New York airbnb bedroom

5. Boston, Massachusetts

Modern and downtown – what more can you ask for? This studio in the North End of Boston is a space that deserves some recognition. The warm and cozy color palette will make anyone feel comfortable and welcomed.

boston airbnb living room

6. Austin, Texas

This beautifully modern space in Austin claims to be perfect for couples. We believe them! The unique art paired with the vibrant blue couch makes this a memorable place to stay any day of the year.
austin airbnb living room

7.Honolulu, Hawaii

Hawaii? Yes, please! This ocean-view space in the famous Waikiki area of Honolulu screams beach vibes. Enjoy the peaceful pastel colors in the studio and have a glass of wine (or two) out on the balcony area to watch the sunset over the ocean.

waikiki airbnb bedroom

No matter where you choose to spend your Valentine’s Day this year, it’s the people you spend it with that make it special. Happy Valentine’s Day!

Check out some of our other blog posts here.

3 Things to Think About When Choosing a Smart Home

3 Important Things to Consider

man holding pen

In 2019, technology is moving faster than ever. According to an IHS study, the number of IoT connected devices is expected to grow from 26 billion to 75 billion devices between 2019 and 2025. The smart home market is on a tear! As property managers, vacation rental owners, and real estate developers, how do you choose the smart home company that is going to serve you and your renters best? How do you know what the best business decision is?

A few important topics and questions to contemplate when choosing an enterprise smart home company to support your renters:

  • Technology
  • Client Services
  • Company History

1. Technology

How does the company develop its technology? Do they take a copy-and-paste software approach? Or do they develop their own software?

When a company builds and fully controls its technology, the end user – AKA, the property manager or renter – has a better experience. The tools and built-in features are fed to the company from client needs directly, giving you a more bespoke user experience.

Rently Keyless (shameless plug, here) is dedicated to continuously improving our proprietary, patented technology. We solicit and welcome regular feedback from our clients. Who knows better about what property managers and renters need from their technology than property managers and renters? Makes sense to us too!

2. Client Services

Can you get around the clock support for your smart system? Are you just a ticket number? Does the company care about helping your business?

You should always want to feel like you are the center of attention when you have an urgent issue, need ongoing training, or want to vent about a pain point. As business owners, you have a set of skills and understanding of what will make your business operate at peak operational efficiency. The support that you need to best serve your clientele requires a simple but often hard to find resource: a caring listener, not just a salesperson or general assistance. People that care about your business will help you make it better.

Rently Keyless (another plug – we really believe in what we do) does this by treating your business like it’s our business – because it is. We believe that when your business grows, so does ours. We take a personal, consultative approach to help you select the best mix of products and services. We don’t want to sell you as a business, we want to serve you as a business. There is a real big difference between the two.

“When customers share their story, they’re not just sharing pain points. They’re actually teaching you how to make your product, service, and business better.”

Kristin Smaby, “Being Human is Good Business”

3. Company History and Reputation

How long has the company been offering its products and services? Do they answer to their customers or their stakeholders? Does the company make their own tools, or simply buy and label them as their own?

There isn’t inherently anything wrong with receiving investor money for your venture, but here is why it is important to note: when tech companies take funding from investors, they may lose the flexibility to innovate and pivot as they see fit. It’s like turning on the radio, and all the big record company music sounds the same. Self-funded artists can continually elevate their sound and grow their audience more organically. Independence means they can directly give the listener a unique tailored experience.

When you are investing resources into a smart home solution you want to know that they work for you, the client, directly. After all, your success and the success of that business should be mutually beneficial.

The time that a company like Rently Keyless (last plug, promise) has put into developing a firm foundation is paying dividends. Rently and our sister division, Rently Keyless, have spent nearly ten years creating a company based on providing long-lasting solution-based products and services, client-centric around-the-clock support, and continuing innovation to stay ahead of the rapidly changing technology landscape.

The Rently brand has been in business for nearly a decade, creating patented, proprietary technology. We answer to you, the client, and are here to fully support, consult, and help you grow. Before you decide on your enterprise smart home solution, ask that company where they have been, and where they are going.

Rently will be here for the next decade and on. Will they?

Contact The Writer:
Branndon Brown
(323) 458-6378
branndon@rently.com

The Internet Of Things Keeps Smart Home Smart

IoT and Smart Home: The Power of Connectivity

What is the first thing you think about when you hear the phrase “Smart Home”?

Maybe it’s the ability to lock and unlock your doors or windows from your phone. Maybe it’s having full control of the thermostat in a certain area of the house. Even still, maybe it’s being able to ask a voice assistant like Amazon Alexa or Google Assistant to turn on the lights in the bedroom before you get there.

Whatever your image of a smart home may be, there’s one thing that remains constant – the need for your smart appliances to be connected to one another and to the internet via a little something called the Internet of Things.

What is the Internet of Things?

Put simply, the Internet of Things (IoT) refers to the idea of connecting all things to the internet. While this definition is broad, IoT For All’s Calum McClelland notes that connecting “things” to the internet – from cell phones to smartwatches – has already had incredible benefits in our society and everyday lives. The idea of IoT, he continues, suggests that these benefits can extend to quite literally everything.

McClelland writes that “When something is connected to the internet, that means that it can send information or receive information, or both.” This particular ability is, at a base level, what makes an appliance or technology “smart”.

IoT at CES 2019

Because tech and internet connectivity go hand-in-hand, the Internet of Things had quite the presence at CES 2019. In addition to smart home solutions, everything depends on the Internet of Things to, well, work.

Along with the advent of 5G, the Smart Cities section of CES was guided by the IoT, painting a picture of the connected cities of the future. According to CES Daily, smart cities with this kind of connectivity will have sensors in places such as water and waste systems, buildings, and roads: “Connected technologies will include smart energy meters, automated street lighting, parking assistance apps, and sensors to make cities safer, smarter, and more accessible.”

Of course, Smart Cities weren’t the only exhibits that relied on the IoT for necessary connectivity. CES 2019’s Vehicle Technology Marketplace showcased the latest in self-driving, connected cars that bring interactivity to the driving experience. Exhibitors like Allstate, Dassault Systemes, and Mobileye showcased just how important the combination of tech, connectivity, and vehicle automation will be as we explore the future of automotive and transportation.

IoT and Smart Home

At CES 2019, hundreds of Smart Home exhibitors focused on the easy, accessible connectivity that can be brought to a home in order to make it “smart”. This includes everything from smart blinds to lighting, smart locks to smart kitchens appliances. From this year’s show, it’s clear that the Smart Home of the future is one that brings this connectivity to every aspect of the home.

As greater numbers of consumers adopt smart home technology, the reliance of smart home on the IoT will only grow. In fact, Katherine Lazarevich of IoT For All writes that “some of the best solutions in IoT will come to life in smart homes.” It’s thought that the number of connected products will triple by 2025, reaching nearly 75 billion devices across the world.

So what does this mean for Smart Home companies? For Rently Keyless, it means an incredible opportunity to bring connected solutions that will benefit both individuals and communities.

The Rently Keyless Smart Solution

The Rently Keyless proprietary Tri-Band Hub ensures that users have three times the connection – and three times the security. Should Wi-Fi or Ethernet connection be unavailable, the Keyless system connects through a cellular connection.

The central core of the Keyless system, the Tri-Band hub technology includes 4G LTE, Wi-Fi, and Ethernet connection for superior and optimal industry uptime. Unlike many smart home companies, the Keyless Tri-Band Hub has been engineered from the ground up to ensure that users are getting the very best in smart home tech.

Of course, the Keyless smart home solution is scalable. Support for Z-Wave, Bluetooth, and Wi-Fi protocols alow Rently Keyless to securely incorporate over 1800 smart home devices.

Want to learn more about Rently and Keyless? Feel free to check out the rest of our blog!

Sources: IoT For All, CES Daily, All About Circuits