4 Successful Technology Solutions From Property Managers Using ParqEx
Property managers have their fair share of burdens that keep them up at night, like many others. They are constantly trying to find ways to lower expenses. They would love to take advantage of any avenue to earn passive income, but those opportunities are few and far between. Moreover, they worry about proper asset management and effective property control. All these worries linger over them while property managers strive for maximum efficiency to save themselves and their team valuable time during the day.
Property managers: are you seeking modern technological solutions to simplify some aspects of your job? Keep reading to discover 4 successful technology solutions from property managers using ParqEx!
Success 1: 100% Enforcement Accuracy Rate
The first of 4 successful technology solutions from property managers using ParqEx comes from the West Coast.
Jason, the property manager at Avenue One (a condominium in Irvine, California), struggled to enforce parking at his property. With limited parking spaces available, residents, guests, and unauthorized parkers were parking wherever & whenever at their convenience, leading to growing frustration amongst the community and the staff.
ParqEx built a custom-designed cloud-based vehicle enrollment system. This system simplified parking for all residents and their approved guests. Meanwhile, property management & enforcement officers benefited from ParqEx’s Enforcer App, in which staff can immediately enforce any unauthorized vehicle on the property, thus freeing up more parking spaces for their community.
Read more on how ParqEx helped Avenue One achieve 100% parking enforcement accuracy!
Success 2: +$57k Passive Income
The second of 4 successful technology solutions from property managers using ParqEx comes from our home state, Illinois.
Colleen, the property manager at Evanston Metro Center (a multi-tenant office building in Evanston, IL), found that she and her team needed help managing their parking situation. Having to organize allotted parking per business became tiresome. She grew sick of controlling access to the parking structure to the constantly changing group of employees. Her team encountered headache after headache in terms of enforcing parking. And like all other property managers, she hoped to find avenues to maximize operating income.
ParqEx has helped Colleen and her team lessen the management effort associated with parking. Upon installing ParqEx’s Access + technology at the property, ParqEx’s system automatically grants access to only approved vehicles, thus decreasing the number of unapproved cars on-site and diminishing parking enforcement concerns. Moreover, this access control system allows transient renters seeking parking on ParqEx’s Marketplace to make a reservation and then be granted access to the parking facility, thus adding valuable passive income.
Read more on how ParqEx helped the Evanston Metro Center earn +$57k in passive income!
Success 3: Value-Adding Amenity
The third of 4 successful technology solutions from property managers using ParqEx comes from the East Coast.
Latifa, the property manager at Monarch 716 (a student housing apartment complex in Buffalo, NY), found that her property desperately needed help regarding access and security. Students needed an easier way to access their apartments & grant guests access to the facility from within their homes vs having to go down and open the door. Moreover, property management fears were more on the side of security. They wanted a firm understanding of who accessed their properties at what times and wanted ways to eliminate forever the potential of code-sharing or fob-sharing on-site.
ParqEx completely reorganized the access system at Monarch 716 for these students. The property is fully secure with Access + installed at nine different access points. Property management now enjoys advanced reporting capabilities, real-time insights, and reduced staff hours spent on access and fob management at their property. At the same time, students and their approved guests enjoy simplified access to the building.
Read more on how ParqEx helped Monarch 716 add a valued amenity for their student residents and management!
Success 4: 20% Staff Time Savings
The final example of our 4 successful technology solutions from property managers using ParqEx comes from the city where our company was founded, Chicago, IL.
Amy, the property manager at 340 On The Park (a luxury condominium high-rise in Chicago, IL), was grappling with ways to manage their guest parking. Existing parking around the property is overly expensive and inconvenient, so to cater to their tenants, property management sought ways to facilitate free guest parking for visitors coming to the property. But that came with its fair share of challenges. Staff had to manually keep track of requests for all available spaces at all times, book spaces for arriving guests, and track which tenants have used their allotted free guest parking perks for the month. Not only was it a constant headache for staff, but any guest arriving at the property had to check in at the front desk instead of just driving into the parking facility.
ParqEx revolutionized the system at 340 On The Park. First, ParqEx installed its Access + technology to simplify access to the parking facility for tenants, guests, and staff. With this access control system, guests no longer had to check in but instead park immediately upon arrival. With the entry and exit of the parking garage simplified, ParqEx then configured their GuestParq solution to automate the guest parking experience further.
Read more on how ParqEx helped 340 On The Park enjoy 20% staff time savings and 100% reporting improvement!
And That’s a Wrap!
We take pride in the technological solutions we have provided our clients here at ParqEx. Check out our substantial results and read more of our published case studies.
Property managers: did you enjoy these 4 successful technology solutions from property managers using ParqEx? If you, your team and your property can benefit from our technology solutions, please book a demo with our team. We would love to build a property-specific solution just for you!
