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health and wellbeing of the building’s occupants, which reduces stress, increases productivity, and improves the quality of life for everyone inside.
• IoT sensors: Monitors the energy and environmental conditions of a building to provide valuable insight into operations, so you can make better-informed decisions.
• Digital twin: A virtual copy of a building, a digital twin allows you to add in all past and present data that you have available, which the system uses to find opportunities for energy savings and improvements.
• Smart meters: Records data on utility use within the building or single-family home that allows property managers to gain visibility into utility usage patterns and how they can modify behavior to reduce their energy and water consumption.
• Individual smart thermostat controls: Allows for flexible programming of the building’s HVAC system through geo-fencing technology, so users can easily adjust the temperature for specific areas. This kind of technology is available for both large- scale multifamily apartment complexes and single-family homes.
• Smart dispatch elevator: For buildings with multiple elevators, a smart dispatch system can group passengers for the same destination into the same elevator reducing wait time and energy consumption.
• Rainwater harvesting systems: Collects and stores rainwater on the roof of the building, which can be redirected to use for other purposes, such as landscaping and cleaning to cut back on water usage. For single-family homes, a rain water harvesting
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“Even pre-COVID, health and wellness were seen as key drivers to productivity,” explains James, “As we work our way through the pandemic and really start to reopen our buildings, and create reopening strategies, wellness has become a crucial priority for a lot of people.”
TECHNOLOGIES PAVING THE WAY FOR SUSTAINABLE BUILDINGS
New innovations and automation technology have made it possible for property management businesses and owners to revolutionize the way they operate their properties. Here are a few of the technologies you could incorporate in your multifamily properties or single-family rental homes to maximize your net operating income and create a better environment for your residents.
• Predictive maintenance systems: Uses the building’s data to forecast when and where maintenance issues may arise in the future — such as pipes bursting due to water leakages or heat escaping in winter — so you can prevent them before they happen.
• Utility management software: Solutions like AppFolio Utility Management use real- time data to quickly detect abnormal usage spikes and leaks, so you can fix issues fast. It can also benchmark your building’s usage against others and identify savings opportunities.
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