INDUSTRY INSIGHTS

Increase profitability and resident retention

The use of electronic door access systems is becoming increasingly popular in residential buildings. These systems are designed to provide residents with a more convenient and secure way to access their homes. Electronic door access systems can enhance the experience of residents in a building, and in turn increase profitability and resident retention.

Improved Security

One of the primary benefits of electronic door access systems is improved security. These systems require residents to use a key fob, card, or code to gain entry to the building, providing an added layer of protection against unauthorized access. This can help residents feel safer and more secure in their homes, which enhances their overall experience.

In addition to providing increased security for residents, electronic door access systems can also help property managers track and monitor access to the building. They can see who is coming and going, which can be useful for security purposes or in the case of an emergency.

Convenience

Another benefit of electronic door access systems is the convenience they offer. With these systems, residents no longer need to fumble with traditional keys, which can be lost or forgotten. Instead, they can use a convenient key fob or card to gain entry to the building.

Electronic door access systems can also make it easier for residents to allow visitors into the building. They can simply provide their guests with a temporary access code or key fob, rather than having to meet them at the door and let them in themselves.

Increased Profitability

In addition to improving the experience of residents, electronic door access systems can also increase profitability for property managers. These systems can help reduce the costs associated with traditional keys, such as the need for multiple copies and the expense of rekeying the building if a key is lost or stolen.

Electronic door access systems can also help property managers reduce the costs associated with security personnel. With these systems in place, there is less need for security guards to monitor access to the building, which can save money in the long run.

Resident Retention

Finally, electronic door access systems can help improve resident retention. When residents feel safe and secure in their homes, and have access to convenient amenities like electronic door access, they are more likely to renew their leases and stay in the building long-term.

This can be especially important in highly competitive rental markets, where there are many options for residents to choose from. By offering amenities like electronic door access systems, property managers can differentiate themselves from their competitors and increase the likelihood that residents will choose to stay in their building.

Electronic door access systems offer a number of benefits for both residents and property managers. They provide increased security, convenience, and cost savings, while also improving resident retention. By investing in these systems, property managers can enhance the experience of their residents and increase profitability in the long run.