How to Improve Parking Allocation Efficiently and Fairly
Property managers owners: we understand your challenges in meeting parking requirements. The high demand for parking spaces and the difficulty in implementing a fair parking allocation system that doesn’t leave residents and tenants feeling slighted can be a real struggle. We know you’ve been searching for a parking lease management solution that fits your requirements but have yet to find the right fit. If these issues sound familiar, we invite you to read our case study: how to improve parking allocation efficiently and fairly.
ParqEx’s client, “The Hamptons West Condominiums,” in Aventura, Florida, faced a challenge. With 342 luxury condominium units on the water, each requiring multiple parking spaces, the property’s main issue was the fair distribution of parking spots. Many property managers and owners can relate to this challenge, and ParqEx was uniquely positioned to solve it.
The Situation
As previously hinted, the management team’s central issue at The Hamptons West Condominiums, which they grappled with daily, was the fair and equitable distribution of parking spaces among their tenants and residents. The existing first-come, first-serve parking distribution system often made tenants feel slighted and upset, leading to tenant and resident dissatisfaction. This property desperately needed a fair and transparent parking allocation system in which each tenant had fair and equal access to parking. They knew they wanted a parking lease management system but had not found the right solution. That is until ParqEx arrived.
The Solution
ParqEx understood Hamptons West’s unique needs and crafted a comprehensive parking and internal management system. This tailored solution, featuring our Marketplace platform, enforcement app, and real-time monitoring and reporting system, brought significant relief and satisfaction to the property managers and owners. It included a fair parking reservation system, empowering residents and tenants to reserve parking, a built-in lease management system to streamline operations, and an automated system for parking lease renewal reminders, ensuring no lease goes unnoticed.
The Hamptons West Condominiums consist of five buildings with hundreds of parking spaces, all of which needed a parking space reservation system. Within just four weeks, ParqEx developed, integrated, and delivered a parking lease document submission and management system within the ParqEx parking app, ensuring a simplified experience for residents, property management, property owners, and staff at Hamptons West.
ParqEx subsequently went through a relentless testing process to ensure that the reminder and notification system worked without a hitch, that all alerts about lease renewals were sent out in a timely manner to all tenants, and that a fair parking system was allowed and enforced on site. After ParqEx’s system ran flawlessly, ParqEx then trained Hamptons West staff and residents on operating the system, providing detailed user guides and explanations about the technology.
The Result
Implementing ParqEx’s parking lease management system at Hamptons West resolved many everyday parking issues and ensured an efficient and fair parking reservation system. Our technology helped the management team address their question on how to improve parking allocation efficiently and fairly while simultaneously providing a new value-adding tech amenity to help improve resident satisfaction. These benefits are not unique to Hamptons West; your property could also experience them with ParqEx.
The parking lease management system has been flawlessly operating on-site at Hamptons West, saving property managers and staff hundreds of hours previously spent on parking management efforts. While we are proud that this ParqEx solution falls under the “set it, forget it” category of technology, we continue to provide ongoing support and system monitoring for the property, relieving you of the burden of constant parking management.
To put numbers to it, ParqEx’s property-specific solution ensured >99.9% parking allocation, >99.9% decline in parking lease lapses, and 0 added staff effort.
“ParqEx has not only relieved our team of hundreds of potential hours of management and resolution work, but the residents of Hampton’s West have shown satisfaction with the new system across the board.”
Victoria M., Property Manager of The Hamptons West Condominiums.
Reach Out
ParqEx is a parking management and real-estate technology company specializing in property-specific solutions like our parking lease management system for Hamptons West. If your property needs a lease management system, needs help managing its parking allocation, wants constant detailed reporting and analytics, and wants to enforce and monitor its property correctly, reach out to ParqEx.
Thanks for reading our case study blog, “How to Improve Parking Allocation Efficiently and Fairly.” Now, check out the Hamptons West case study and contact us to see how our technology can improve your parking allocation efficiency.