ParqEx Case Study: How To Make Parking Lease Management Solutions Effective
The Hamptons West community, comprising five distinct buildings, faced a significant challenge with its parking allocation. A shortage of spaces and a distribution system that always led to residents feeling upset and shorted unquestionably led to resident dissatisfaction. They sought parking solution providers that would aid them in implementing an efficient parking lease management solution. This case study explores ParqEx’s answer to how to make parking lease management solutions effective. Read on to see how we revolutionized the community’s parking system.
The Problem
The central issue at Hamptons West was the equitable distribution of parking spaces. With a growing community and limited parking spots, the existing first-come, first-served policy was no longer a likable solution for Hamptons West. The need was for a transparent system that allowed fair access to parking for all residents while simultaneously managing the specific needs of unit owners and tenants that arise.
The Solution
Phase 1: Planning and the Gathering of Requirements
A comprehensive analysis identified vital requirements, including a fair parking reservation system in which residents can reserve their parking, a lease management module for tenants to help property management and owners, and an automated reminder system for lease renewals that aids both property management and tenants.
Phase 2: System Design
ParqEx designed an intuitive and straightforward application tailored to differentiate between owners and tenants. Additionally, ParqEx provided a user-friendly interface for parking space reservation and lease management.
Phase 3: Development and Integration
Over four weeks, the ParqEx team developed and integrated the lease document submission and management modules with the existing ParqEx parking app, ensuring a seamless user experience for management, staff, and all residents at Hamptons West.
Phase 4: Testing
ParqEx then went through rigorous testing phases to ensure that the reminder and notification systems operated flawlessly and sent timely alerts to tenants about lease renewals, thus preventing parking privilege suspensions and any unnecessary ticketing or tow.
Phase 5: User Training and Rollout
The training provided user guides and detailed explanations like any new technology or system. Tenants and property managers received training on the new system, facilitating a smooth transition and adoption of the technology at Hamptons West.
Phase 6: Go Live and Support
The ParqEx Lease Management Solution was successfully deployed at the property. We continue our work with this client with ongoing support and monitoring to ensure all runs smoothly and what updates are needed to run things even more seamlessly.
The Results
The solution effectively resolved the parking allocation challenges faced daily by the community. The transparent reservation system allowed for an equitable distribution of spaces, and the lease management system ensured tenants upheld their responsibilities in terms of parking. Automated reminders contributed to a decline in lapsed leases, and the validation process maintained high compliance within the community. These attributes contributed to Hamptons West addressing their concern regarding how to make parking lease management solutions effective.
Implementing the ParqEx Lease Management Solution at Hamptons West is a testament to how technology can solve everyday community management problems. It resulted in a fair and efficient parking system, improved tenant compliance, and increased resident satisfaction.
If your community faces challenges similar to Hamptons West, book a demo with ParqEx, and we will happily address your question on how to make parking lease management solutions effective for your property.
