Today’s renters are demanding more from their apartment buildings, making the need for property management companies to continue to innovate. So, what are the hottest trends for 2019? Services, especially ones that cater to convenience and social interaction.
Washers and Dryers in the Units
Many residents are willing to pay more for having a washing machine and dryer inside their apartment, rather than deal with the hassle that can come from a communal laundry area.
Nomadic millennials are becoming a larger part of the renter market. This generation tends to build lifestyles around location independence and hassle-free living so many are leaning towards fully-furnished apartments. For them it means eliminating the expense and inconvenience of buying and moving furniture. For you it translates into more ROI.
Communal Work Spaces
With more people telecommuting for work, dedicated working spaces with Wi-Fi and desks are cropping up at more multifamily residential properties. Conference rooms and mini cafes where residents can collaborate are also becoming very popular.
Health and Wellness
While fitness centers have been a must-have for residents for a while, the type of services they provide is changing. Exercise classes, climbing walls and even health and wellness programs are familiar offerings.
In populated cities, urban gardens are cropping up, mainly on rooftops and in small plots of land. These are giving residents a way to grow fresh herbs and vegetables.
Innovation and new technology are in high demand. Many communities are catching on and offering smart package lockers, connected thermostats, high-tech lighting systems and keyless entries.
Once reserved for luxury apartment communities, concierge services are becoming a perk you can find in any building. However, on average, on-site concierges are idle over 50% of the time. Stealth’s Remote Concierge (RC) provides a comprehensive suite of digital services that are available 100% of the time, whenever residents need them.
Using one-way video and two-way audio, as well as a proprietary software, RC instantly services residents through phones or intercoms to book amenities, provide directions, distribute packages and answer common questions. Additionally, RC helps manage building access to visitors, contractors and emergency personnel.
RC is just one of the many services provided by Stealth Monitoring. If you would like more information about RC, or any of our multifamily residential security solutions, please contact us here.