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.

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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

Ready For The Future of Smart Home?

The Future Of Smart Home Starts Now

While CES 2019 explored several themes – transportation, digital health, AR and VR experiences, and many more – one of the most prominent was that of the Smart Home. As smart homes get “smarter”, companies are looking at ways to efficiently and successfully expand automation in the home. On top of this, many have begun the conversation about the human element that can help make smart home tech more accessible for the average consumer.

From smart locks to smart fridges, the Smart Home of the future is one that sees smart appliances aiding users in every area of the home. Over 250 exhibitors, including EZVIZ, Kohler, Ring, and Interlogix presented several products that strive to expand upon this image.

The Power of Voice Assistance

Voice powered assistants – and the smart home tech that integrates with them – had quite the presence at this year’s show. Amazon Echo and Google Assistant displays were clearly in nearly every Smart Home booth setup, with companies displaying the ways in which their technology works with both. In fact, integration with these particular smart assistants is a key feature for smart home tech companies. As noted by CES daily, “Smart home device makers no longer have to worry as much if their product will work with every other smart home gadget. As long as it can be integrated with Alexa or Google Assistant, that’s all you need.”

Key players in the Smart Home industry, such as Rently Keyless, are focusing on the ability of their systems to use these Amazon and Google products to help control lighting, thermostat, and sensor controls.

Everything (and) The Kitchen Sink

Kitchen appliances had a particularly large presence at CES this year, with appliance makers working to figure out new and improved ways to bring smart tech into a consumer’s everyday life. Products such as Alexa-integrated microwaves and smart fridges were poised to be the stars of this year’s show, painting a picture of how automation like this may soon be even more prominent in everyday life.

The bathroom is another home space in which appliance makers are targeting for smart home tech. Smart mirrors, faucets, and lighting are just a few of the appliances that were shown off throughout CES, inviting visitors to get an in-person feel for what it would be like to have a smart, automated bathroom in their homes.

The Reach Of Smart Home

According to the Consumer Technology Association (CTA), it’s thought that by 2020 there will be nearly 30 billion connected devices. At this point, a smart home will generate 50 GB of data daily.

The CTA describes three trends to watch for when it comes to the spread of Smart Home tech in the next few years. Simplification, comfort and security, and energy management are key when it comes to the future of smart systems.

Meet Rently Keyless

Rently Keyless, the smart solution division of Rently, encompasses these key elements. The Keyless system works to take the confusion out of smart home management, focusing on a user-friendly platform that’s easy to integrate with aforementioned voice assistants from Amazon and Google. The proprietary Tri-Band Hub technology ensures that users don’t have to worry about their systems going offline. Should Wi-Fi or Ethernet connectivity be unavailable, the Tri-Band hub connects via a cellular connection.

Of course, the Keyless system also offers a variety of appliances that are designed to help bring automation and accessibility to homes. Keyless entry locks, smart thermostats, sensors, and lighting automation help ensure a simple, secure, energy efficient home.

Keyless system integrations include such names as Amazon Alexa, Bluetooth, Ecobee, Escapia, Yale, and more.

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

Sources: CES Daily, Consumer Technology Association

Rently Rounds off the Year & Gears Up for 2019

Rently presents end-of-year numbers and projections for 2019

EOYNumbersRentlyPR

LOS ANGELES, CA / PR Web / December 21, 2018 – Rently, the multifaceted real estate solutions technology company, is reaching the end of Q4 with a positive year. The company added their newly developed stand-alone Bluetooth lock this year, alongside their current enterprise smart home/apartment solution, which can all be equipped with their patented self-showing solutions. Property rental self-showings approached 1.5 million for the year, along with roughly 1.5 million satisfied, new rental applicants after the showings. With over 300,000 new properties listed and over 2000 happy companies, Rently is ready to continue providing seamless self-showings in 2019.

In May, Rently launched their new enterprise-level Bluetooth lock, Rently Blue. The lock, which is the only Bluetooth solution paired with self-showing technology, has streamlined access, enhanced security, and become an added amenity to homes across the nation. The unique product, designed and engineered by Rently’s team of developers, has been a successful addition to tens of thousands of units.

Rently Keyless, the Enterprise Smart Home/Apartment solutions division of Rently, has also had a very impactful year. Keyless has seen the launch and expansion of tens of thousands of smart homes under their division this year, notably with E&S Ring, Maxx Properties, and NMS Properties, whose portfolios reach California, Texas, Florida, New York, and more. When asked about Rently’s service, Nancy Garcia, Senior Community Manager with NMS Properties has expressed that Rently has impressively provided “efficiency and added amenities…to create an optimal level of service.” With the introduction of smart mortise locks in the mix, Keyless is projected to have another powerful year.

As 2019 approaches, Rently is prepared to tackle a new year of growth, innovation, and success.

To learn more about Rently please visit rently.com.

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About Rently
Rently, a technology innovator and industry pioneer, provides patented self-showing technology that helps property managers, investors, and renters save time by renting smarter and leasing faster. With the rapid growth and progression of the company, Rently Keyless, the enterprise smart home solutions division, was brought to life. Rently has been successful with thousands of property managers and millions of renters to date and continues to expand its reach as a leader in the real estate technology space.

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