When it comes to multi-dwelling units (MDU) property managers, smart home devices and related services can drive higher revenue by increasing occupancy and rental rates and a reduction in operational costs through reduced maintenance, reduced staffing, enhanced monitoring capabilities, and improved energy efficiency, according to a new report from Research and Markets (www.researchandmarkets.com).
The research group examined the opportunities for integration of smart devices in multi-dwelling units, including profiles of companies driving the market, current adoption of smart home devices, and key feature preferences among residents and property managers of multifamily housing units.
The conclusion: smart home devices and related services can drive a reduction in operational costs for MDU property managers through reduced maintenance, reduced staffing, enhanced monitoring capabilities, and improved energy efficiency and drive higher revenue by increasing occupancy and rental rates.
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