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SmartRent's IoT Solution for Property Management: A Case Study
Technology Category
- Application Infrastructure & Middleware - Middleware, SDKs & Libraries
- Networks & Connectivity - Cellular
Applicable Industries
- Buildings
- Equipment & Machinery
Applicable Functions
- Maintenance
- Quality Assurance
Use Cases
- Smart Campus
- Smart Lighting
Services
- System Integration
- Testing & Certification
The Challenge
The demand for smart technology in rental properties is increasing, particularly among younger renters. Property managers are under pressure to provide smart apartments with digital amenities, but face several challenges. Managing properties is a daily headache, with every resident or building issue adding to expensive, manual operations. There is a constant churn of tenants with rising expectations of a smart home equipped with smart tech. However, most apartment communities do not have reliable internet connections across the property to provide the network availability needed for smart tech solutions. Additionally, property managers often lack the time to roll out smart tech solutions. They need a DIY frictionless solution that can quickly and easily scale across hundreds of units.
About The Customer
SmartRent's customers are property managers who are looking to provide enhanced tenant experiences through smart technology. These property managers are dealing with a constant churn of tenants who have rising expectations for smart home amenities. However, they often lack the time and resources to implement these technologies themselves. They need a solution that is easy to deploy, reliable, and scalable across multiple units. SmartRent's solution is designed to meet these needs, providing a turn-key smart home solution that can be easily managed through a single enterprise application.
The Solution
SmartRent provides a smart home solution that is fast and hassle-free to deploy for property managers. With KORE’s cellular connectivity bundled in, property managers don’t need to worry about spotty internet coverage. SmartRent outfits each property with smart devices like connected locks, thermostats, and sensors, all of which are connected to SmartRent’s hub inside the property via Z-Wave technology. The hub uses Super SIM to connect to the internet and transmit data from the smart home to the cloud so tenants can access it from anywhere. This allows tenants to control and automate many critical aspects of their daily life, like access, lighting, and heating. The system activation time has been dramatically reduced, and if the property staff wants to install themselves, they can power on the hub and the entire system is online, paired and controllable in less than a minute.
Operational Impact
Quantitative Benefit
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