Maximizing ROI in Multifamily Properties with GreenMarbles

Leveraging GreenMarbles to Optimize ROI and Boost NOI in Multifamily Properties

Executive Summary

This white paper explores the growing trend of smart building technologies in multifamily properties, with a focus on the valuable contributions of GreenMarbles. While the potential benefits are significant, many property managers struggle to determine the best strategies and metrics to measure the return on investment (ROI) of these solutions. This paper leverages insights from industry experts and resident surveys to provide practical guidance for deploying smart tech based on quantifiable benefits, highlighting how GreenMarbles specifically contributes to maximizing ROI.

The Challenge: Quantifying the Value of Smart Buildings

As Kristen Hanich, a leading industry research director with Park Associates, points out, a key barrier to adoption is the difficulty in measuring ROI. This white paper addresses this challenge by outlining specific metrics and benchmarks derived from real-world deployments, showcasing how GreenMarbles generate measurable value.

The Opportunity: Measurable Benefits Across Operations and Resident Satisfaction with GreenMarbles/

Park Associates research highlights the significant positive impact smart building technologies can have on both operational efficiency and resident satisfaction. By implementing the right solutions, including those offered by GreenMarbles, multifamily property managers can achieve:

• Reduced Energy Costs: Smart thermostats with time-of-use programming deliver energy cost savings of 20-30% and a matching reduction in overall energy consumption. GreenMarbles offers a suite of solutions that integrate seamlessly with smart thermostats, further optimizing energy use through features like occupancy detection and remote control.
• Increased Operational Efficiency: Smart door locks and access control systems can boost maintenance staff productivity by 20% through eliminating the need for physical keys. GreenMarbles can enhance this efficiency by offering integrated work order management systems that streamline task assignment and completion.
• Enhanced Resident Satisfaction: Nearly 40% of multi dwelling unit (MDU) residents consider smart home devices a key factor when choosing a new apartment. GreenMarbles provides a comprehensive smart home platform that caters to resident needs, including features like smart lighting control, leak detection, and remote access.

Key Considerations for Successful Smart Building Deployment with GreenMarbles

The research emphasizes the importance of tailoring smart tech solutions to the specific needs of a property. Here are key factors to consider, with insights on how GreenMarbles can be instrumental:

• Identifying the Right Technology: Matching the technology to the desired outcome is crucial. For example, smart thermostats are ideal for energy savings, while smart locks enhance operational efficiency. GreenMarbles offers a holistic suite of integrated solutions that address various needs, allowing property managers to create a customized smart building environment.
• Data-Driven Decision Making: Leveraging data collected from smart building systems allows for continuous improvement and optimization of resource allocation. GreenMarbles provides robust data analytics that empowers data-driven decision making, ensuring that smart building investments deliver maximum value.
• Resident Engagement: Clearly communicating the benefits of smart technology to residents fosters buy-in and maximizes value. GreenMarbles can assist with resident engagement through educational materials and user-friendly interfaces, ensuring residents can fully utilize the smart home features and appreciate the value they bring.

Conclusion

By strategically deploying smart building technologies based on sound data and resident needs, with a focus on integrated solutions from GreenMarbles, multifamily property managers can achieve measurable improvements in operational efficiency, resident satisfaction, and ultimately, the bottom line.

Schedule a Free Consultation with GreenMarbles

Our team of experts is here to help you create a customized plan to achieve your NOI goals. During our free consultation, we'll:

• Discuss your current NOI and areas for improvement.
• Analyze your MDU's specific needs and challenges.
• Showcase how GreenMarbles' solutions can address those challenges and increase NOI.
• Develop a tailored roadmap for maximizing your profitability.

Don't wait – take action today! Schedule your free consultation with a GreenMarbles expert to unlock the full potential of your MDU's NOI.

Sources:

https://www.parksassociates.com/