Property Management Growth with DoorGrow DGS 54: Home Automation with PointCentral
Are you into technology? Do people always ask you to help them set up their tech devices? Do you take on roles and jobs where technology helps industries?
That’s how Sean Miller from PointCentral describes himself. He was able to take home automation and build it into an enterprise platform for residential property managers to run their businesses better and provide an amenity that residents want.
You'll Learn...[02:48] PointCentral focuses on residential property management; its software is designed for short- and long-term single- and multi-family property managers. [03:21] Some vendors target both property management entrepreneurs and consumers, winding up undercutting and competing with the property managers. [04:47] Convenience and operational benefits to home automation technology. [05:05] PointCentral built an operational benefit with its system for property managers and owners; that’s the base of the ROI, and the rest just adds to cash flow. [05:15] Operational benefits and savings through locks and history of who is on the property; addresses vacant property risks. [06:45] Thermostats and energy settings for when tenants are home, property is vacant. [08:45] Keyless-entry offers greater security because floating keys risk is eliminated. [09:05] PointCentral home automation integrates with various systems and sites. [10:18] PointCentral uses cellular lines ( AT&T and Verizon) for 99% uptime reliability. [12:49] PointCentral is a wholly owned subsidiary of Alarm.com; gets access to robust architecture and policies. [14:08] Home automation is popular right now, but most startups fail; PointCentral will be in business down the road. [14:33] Leveraging and access to data; handling security and data privacy issues. [17:25] Data is analyzed to determine how property managers can do their job better and what information can be useful for problems. [19:56] PointCentral integrates with Property Meld to coordinate maintenance. [20:35] Onboarding process to get a property set up; cost is around $125-150. [23:12] Basic hardware package, which includes a cellular hub, thermostat, and lock, costs about $550. [24:08] Property manager could charge a fee to have a connected home (turn into profit center) and have language in the lease to prevent changes to the equipment. [24:22] Cost, operational, and other benefits of home automation with PointCentral.
TweetablesHome automation offers convenience and operational benefits.
The rest is just gravy and creates a positive cash flow.
PointCentral connects and integrates its home automation.
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