1,843 How Sensor Technology is Revolutionizing Property Management

PropTech & Multifamily: How Sensor Technology is Revolutionizing Property Management Did You Know? A SpaceX rocket is equipped with 10,000 sensors to monitor its every move. Now, imagine if we applied that level of attention to multifamily properties! In my chat with Dom Beverage yesterday, we explored this very idea. Unlike rockets, most multifamily properties don’t have that many sensors—aside from the occasional leak detector. Yet, so much can go wrong on a property, from curb to commode. Without the right monitoring, issues can disrupt both team members' and residents' experiences. But what if we harnessed the power of IoT (Internet of Things) and placed sensors across our properties? With sensor technology, you can monitor the health of mechanical systems, common areas, and individual units. The beauty? You catch issues before they become problems, ensuring a smooth experience for everyone. Plus, you gather invaluable data to inform smarter decisions moving forward. It’s not a new concept, but it’s definitely one worth considering as we build and retrofit properties. Let's get ahead of potential issues and enhance the multifamily living experience! If you found this insight helpful, hit that like button and subscribe for more PropTech and multifamily leadership content.