Smart apartments aren’t scary…are they? With various myths floating around, it can be easy to believe that. But like with any technology, you can be empowered by addressing the myths directly with further research. Take a look at our new video:
1. Smart apartments are easy to hack into.
Any kind of technology brings risks of badly-intentioned people manipulating vulnerabilities they can find. Fortunately, there are processes that comb through organization’s systems to make sure they are as secure as possible. Companies have a choice to go through these audits, which can tell you two things: 1) A company that cares about security would seek these audits out and 2) be willing to share the results with any (prospective) customers.
Before proceeding with smart apartments, take a look into the provider’s security measures, which can often be in the form of a SOC 2 report. (If the company is ISO compliant, read here about the differences between ISO and SOC)
2. Smart apartments are expensive with no return on investment (ROI).
Smart apartments can be an investment, and with the right technology, they will bring a return (some more quickly than others!). Be aware of differentiating between multifamily IoT solutions and single-family IoT solutions hastily adapted to multifamily housing. The former is user-friendly for all apartment stakeholders, while the latter can be cost-inefficient and pose major security concerns. Learn more here about the three energy innovations bringing rapid ROI.
3. Smart apartments improve each apartment unit, but provide no property-wide benefits.
Smart apartments can provide a more personalized living experience in each resident’s unit. And, they can also bring a great number of benefits across the property. Some of the same features in apartment units, like automatic thermostat control that takes into account a resident’s optimal temperature as well as energy efficiency, can regulate common area temperatures too. Read more about what sustainability through IoT can look like across the building.
As with any developing technology, there’s misinformation and myths out there, which can be difficult for anyone to wade through. Do you have more questions after reading through the three myths above? Reach out to our team through this form, and we’re happy to talk.
STRATIS®, a RealPage Company, creates smart apartments and intelligent buildings and is the only platform of its kind built for the complexities of multifamily and student housing. STRATIS is installed worldwide across the U.S., in Japan, the UK, EU, and Latin America. STRATIS now serves hospitality, retail, and small to mid-size commercial, as well. STRATIS is an Inc. Magazine “Fastest Growing Company in America” and a Top Ten Entrepreneur Magazine “Best Company in America.” STRATIS was recently acquired by RealPage to enable CommunityConnect, a more connected lifestyle, and unleash hidden yield through new revenue streams.