Major water leaks can be very damaging to MultiFamily and Student Housing. Whether the leak is small (like a faucet that keeps running) or large (like a pipe break that floods the property), the damage and waste add up. Here are some numbers from Water Damage Defense about leaks:
- 14,000 people in the U.S. experience a water damage emergency at home or work every day
- The annual cost in the U.S. to insurance companies from water damage and mold is $2.5 billon
- 75% of water heaters or boilers fail before they are 12 years old
- Water leaks from U.S. homes can exceed 1 trillion dollars per year, which is equal to the annual water use of Los Angeles, Chicago, and Miami combined
Below is a video that shows how devastating an apartment leak can be. Fortunately, smart technology can sense leaks early on, and notify Property Managers. The sooner a leak is detected, the less damage there will be.
Join our next Sales Webinar on March 21 at 2pm (ET) to learn more about Leak Detection and Asset Protection for your Property. Every person that attends is automatically entered to win an Amazon Echo product. Register for the webinar here.
For any questions about STRATIS, email our team at sales@stratisIoT.com.
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 STRATIS Smart Building, a more connected lifestyle, and unleash hidden yield through new revenue streams.