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Smart Apartments: What Investments Are the Right Ones to Make?



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Illustration: © IoT For AllThe rise of the Smart Apartment is well-heralded, and with good reason, as residents have shown they are willing to pay a premium for the latest digital features. Millennials are willing to pay about 20% more and stay longer in buildings that offer modern lifestyle conveniences.At the same time, those digital upgrades can significantly improve operational efficiencies, giving property owners and managers better net results. Owners and managers can create significant value for their properties around smart apartments, mobile apps, and ancillary revenues from a host of highly desired services, from dog walking to automated package …

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