The internet of things (IoT) and cloud-based technologies are revolutionising property management to help bring better, happier tenants. IoT in the building and real estate sector is expected to reach £61.7 billion in 2022, reflecting this emerging technology's popularity.
Read on for the ultimate guide to prop-tech trends for 2022, including cloud-based and IoT technologies designed to facilitate remote operations and energy efficiency. Better property management can help you to build better tenant relationships.
Top Proptech Trends To Look For In 2022
Take a look at these emerging technologies that could make your property management more convenient and allow you to provide more for your tenants. Keeping yourself up to date on current trends and estate agent networking can improve your business and help you gain a competitive edge in the industry.
Keyless Entry Systems
Using a keyless door lock entry systems allow property managers to provide tight security measures with convenient access control. Keyless entry systems can be operated using mobile credentials. This has numerous benefits for property managers and tenants, as tenants will download their digital keys and won’t have to wait for replacement keys should they lose them.
In addition to this, property managers will save costs on having new keys cut or new keycards made. Depending on the frequency of the readers you invest in for your building’s security, your tenants will be able to gain access to the building using BlueTooth technology. This means they won’t even have to reach into their pockets and remove their phones to place them next to the reader.
Keyless entry systems allow for remote operations, which means tenants can alert you if they need access to the building but do not have a key. You can then let them in without visiting the location in person. This is an essential feature for those who manage residential properties as you can ensure your tenants always get home safely and won’t be locked out late at night.
However, to ensure that the remote features of this technology do not end up in the wrong hands, it is prudent to also invest in cybersecurity software. Cybersecurity software will prevent unauthorised users from gaining access to remote features, which could compromise your security system.
AI Security Camera Installations
Security camera installation is one of the primary security features you can introduce to your security strategy to increase your tenants’ feeling of safety. Security cameras work as a preventative measure for crime and provide evidence if an incident occurs.
If a criminal is chasing your building, then the presence of security cameras is likely to deter them from attempting to enter or damage your property. For this reason, some property managers install ornamental security cameras to ward off intruders.
However, AI technology is making it possible to increase the function of security cameras, allowing them to be used to spot and prevent crime in real-time. Security staff have tasks and responsibilities that keep them busy, meaning they cannot consistently monitor security camera feed at all times. This means that it is less likely they will spot a potential security threat before it happens.
With AI analytics, you can optimise your security cameras' function and receive alerts when a potential incident is detected. This means your security staff will be able to better respond to security threats in real-time and prevent crimes that could cost you money due to theft or damage.
Occupancy Management
you can integrate occupancy management with access control systems to provide detailed accounts of occupancy levels within your buildings and within areas of your facilities.
Due to the recent pandemic, property managers must address overcrowding as a potential health and safety hazard. Occupancy management allows property managers to establish a peak occupancy level for rooms within their buildings to prevent overcrowding that could spread germs.
Occupancy management also allows property managers to view the usage of facilities within their building to determine a need to repurpose spaces. For example, residential property managers will assess how frequently their amenities are used and whether it would be prudent to replace specific amenities. For instance, a communal dining area that your tenants barely use may be repurposed into a gym, which could increase tenant satisfaction.
Smart Building Technology
Smart building technology is being used more frequently in property management due to the potential for saving electricity and heating costs. You can integrate smart building technology with door locks to ensure that a room comes to life when a user enters the room and that the lights and electronics are switched off when a user exits a room. This can provide significant savings on lighting, heating, and electricity and reduce your building’s overall carbon footprint produced by daily operations. This is a particularly relevant consideration due to the current energy crisis and its effect on tenants’ cost of living.
Summary
These prop-tech trends for 2022 have the potential to increase security, health and safety, convenience, and energy efficiency in your buildings. Consider performing an overview of your property’s current needs and which of these emerging property technologies will best suit those needs. The internet of things (IoT) and cloud-based technologies are making property management more convenient and providing more safety for tenants.
