Updated: Oct 8, 2019
Technology is proving to attract and retain renters, even at higher rates.
According to the NAA’s recent Technology in Apartment Living report, 60% of property owners reported using smart home technology to attract and retain residents. About 58% of residents said they consider smart home tech beneficial, and 84% of residents without smart home tech said they would like to see smart features in their communities. Some residents are willing to pay more—some up to $35—for smart home technology features. Read more about it here in Multifamily Executive.