Maximize Your Property’s NOI and Tenant Demand with ParqEx EV Charging Parking
Everyone knows the adoption of electric vehicles (EVs) has been impressive. It continues to accelerate, and property owners, managers, and business owners must meet the EV needs and expectations of tenants with EVs. With EV requirements becoming a new filter for today’s renters, employees, commercial tenants, and hotel guests, tenants and customers are seeking properties and hotels that meet their EV necessities, as access to EV charging and parking remains their top amenity. For business owners, property owners, and property managers, this ongoing substantial shift towards EVs continues to present valuable opportunities to enhance net operating income (NOI) and attract new high-demand EV tenants by doing something simple: investing in EV charging stations. With ParqEx’s property and parking technology, property owners and managers can convert this ever-present and increasing EV demand into an income/revenue-generating asset that drives high occupancy. Learn how to maximize your property’s NOI and tenant demand with ParqEx EV charging parking solutions!
5 Ways to Maximize Your Property’s NOI and Tenant Demand with ParqEx EV Charging Parking
1. Unlock New Revenue with EV Charging
EV charging is no longer just a nice “cherry-on-top” feature for existing and potential tenants. It is a fully monetizable amenity that can dramatically enhance your property’s NOI (net operating income). How? ParqEx’s parking management platform enables property owners and managers to seamlessly manage and charge fees for EV access across their entire portfolio. So, whether you manage multiple multifamily properties, a mixed-use property, an office park, a hotel or hospitality property, or a residential property, ParqEx will help you unlock an immediate and new charging station revenue stream opportunity with EV charging integration.
Through ParqEx’s EV parking management system, property owners and managers can list and manage EV charging parking spots with a set of EV usage rules strictly enforced by EV parking enforcement. They can also set flexible pricing strategies (hourly, session-based, or by energy use) and collect EV parking payments directly through the ParqEx platform.
ParqEx Tip: ParqEx’s platform simplifies tiered pricing! By lowering EV charging and parking rates for your residents and employees while charging a premium for guests or public renters looking to charge or park their vehicles, you can maximize the ROI of your EV charging station while keeping tenant satisfaction high. So maximize your ROI and maximize your property’s NOI and tenant demand with ParqEx EV charging today!
2. Attract and Retain High-Demand EV Tenants
EV owners are often among the most desirable tenants. More often than not, they are affluent, conscious of reducing their carbon footprint, and technologically savvy, making them excellent tenants for residential and commercial sectors. By strategically prioritizing EV amenities and offering user-friendly and reliable EV charging stations, your property is more likely to attract and retain EV tenants.
ParqEx’s EV charging management software assists property owners in making EV amenities easy and accessible through its built-in real-time availability feature, permitting EV tenants to create reservations for charging. ParqEx’s access control system and license plate reading cameras further enhance property access and security. Thanks to ParqEx’s systems, EV tenants can enjoy convenient and secure access to the property. With custom user permissions designed to allow only authorized residents, tenants, employees, and their guests on the property, property managers can ensure security while providing EV amenities to their community.
ParqEx Tip: By providing EV amenities and EV charging stations for properties, your property can diminish vacancy rates and increase the likelihood of retaining existing tenants. Don’t let your neighboring competitors take your tenants away because your EV system is lacking! Check out a ParqEx real-world win (case study) where we have successfully helped a property manage their EV tenant amenities, helped manage parking & charging, and helped attract and retain EV tenants!
3. Streamline Parking and Avoid EV Charging Headaches
Electric vehicle charging presents its own set of headaches and challenges, and without a smart parking system like ParqEx’s to assist in managing parking, it can lead to a logistical nightmare. Some common EV parking issues that ParqEx’s EV charging solutions address include non-EV vehicles parking in EV charging spots, misuse of the charger, overnight charging, revenue limitations, and more. ParqEx resolves all these problems with EV property management tools designed to enhance operational efficiency and automate EV charging and parking enforcement property technology.
A few perks of ParqEx’s EV charging and parking management platform include, but are not limited to, pre-scheduled access to EV charging stations to prevent the overuse of EV charging spots and ensure fair access for all tenants, automated notifications when charging sessions are nearing completion, and EV charging usage data and analytics to help property management optimize pricing and usage terms.
ParqEx Tip: By strictly enforcing EV charging, property managers can effectively enforce idle fees (when an EV remains plugged in despite being fully charged), earn parking enforcement revenue, and make the most of high-demand EV charging periods (significant revenue-earning potential). This will ensure fair use among EV owners and increase charger turnover, adding more NOI.
4. Earn ESG Benefits and Future-Proof Your Property
All cities are moving towards cleaner initiatives with stricter building regulations and larger, cleaner energy goals. As these cities embrace clean initiatives, EV charging is increasingly central to ESG (Environmental, Social, and Governance) strategies. By providing EV charging to tenants and external transient EV users seeking a quick recharge of their vehicles, property managers can align with sustainability goals and truly future-proof their properties.
ParqEx’s EV parking and charging management system helps property owners and managers earn green certifications with an incredibly marketable EV charging amenity, detailed visibility into energy usage trends with ParqEx’s detailed EV charging reporting and analytics, and can take advantage of these detailed data reports for ESG reporting purposes.
ParqEx Tip: Properties with well-managed EV charging infrastructure stand out from other properties as they are green-certified with green building amenity highlights! This can attract many eco-conscious tenants and even investors. Therefore, invest in your EV charging infrastructure to maximize your ESG real estate strategy and ESG benefits, draw in the right tenants, and future-proof your property with EV infrastructure and parking management technology, letting ParqEx handle the rest. Talk about a sustainable property upgrade!
5. Enhance Guest and Employee Experience with Reliable Charging
Let’s talk more about the commercial side of things. Whether you are a property owner or manager of a hotel, a corporate office, or a mixed-use property, providing EV charging for commercial buildings is equally as crucial as it is for the residential sector. Investing in your property EV charging infrastructure improves user experience and boosts loyalty among employees and customers. Travelers are more likely to book a reservation at hotels with EV charging options to meet their EV needs, and employees will also find value as they can charge their vehicles while they work.
ParqEx helps offices, mixed-use developments, and hotels enhance guest and employee experiences with seamless EV charging by securing access to these EV charging spots exclusively for guests or employees. It facilitates the reservation process of EV charging stations within ParqEx’s parking management system. It offers flexible pricing, payment (with validated EV parking features already available), and tracking for any reimbursement or billing needs.
ParqEx Tip: Wondering how to attract EV tenants and guests to your property? EV amenities are highly marketable! By promoting your property’s EV parking and charging features on hotel booking platforms, job listings, or leasing materials, your property can attract a higher tier of customers and employees who might have considered looking elsewhere.
Last Thoughts: ParqEx Turns EV Demand Into NOI Growth
The EV revolution that many spoke of years ago is fully here! Properties that have yet to prepare and build an EV infrastructure are losing valuable revenue-generating opportunities. For properties playing catch-up and those seeking EV parking and charging management systems, partnering with ParqEx will maximize the benefits of our smart parking revenue engine. With ParqEx’s dynamic and predictive EV charging pricing options and the ability to schedule access to EV charging stations, ParqEx provides property managers and owners the tools to optimize NOI, enhance tenant and guest demand and satisfaction, streamline the property’s entire parking operations, and dramatically future-proof the property.
So what are you waiting for? Maximize your property’s NOI and tenant demand with ParqEx EV charging! Contact a ParqEx sales representative today and let our EV solutions enhance your property’s performance.
FAQ: Maximize Your Property’s NOI and Tenant Demand with ParqEx EV Charging
EV charging stations generate easy revenue for your property through flexible EV charging pricing options (hourly, session-based, or energy usage) and enhance tenant retention and satisfaction by providing a highly desirable, top-of-the-line amenity. ParqEx allows property owners to profit from EV charging while automating management, billing, and enforcement to maximize efficiency and NOI.
Yes, without a doubt! Given the number of EVs on the road that need places to park and charge, access to EV charging is now regarded as a top-tier amenity for tenants, guests, employees, and customers. Many EV drivers prioritize properties with reliable and easily accessible charging stations when choosing where to live, work, or stay while traveling.
All properties, including multifamily units, HOAs, commercial buildings, businesses, hotels, mixed-use developments, schools, airports, and hospitals, can benefit. ParqEx’s EV charging management system is designed to scale across all property types, ensuring seamless EV access, payment collection, and enforcement.
ParqEx automates EV parking enforcement using tools such as license plate recognition (LPR), access control, real-time availability, and tailored parking rules. The Enforcer app operates according to property-specific parking rules, ensures fair use of EV charging, prevents misuse (such as non-EVs parking in charging spots), and enhances overall tenant satisfaction.
ParqEx supports (and encourages) tiered pricing strategies, allowing you to offer discounted rates to tenants or employees while charging a premium to visitors or the public seeking a quick charge, maximizing your ROI.
Yes—not only is it essential to attract tenants and residents with EVs, but cities are quickly embracing clean energy regulations, and EV adoption continues to grow. With a higher demand for EV infrastructure, installing such infrastructure will help your property stay compliant, remain competitive, and attract high-value, eco-friendly tenants and guests.
Yes. ParqEx’s EV charging management system and parking management platform are designed to integrate seamlessly with any existing parking infrastructure. The system incorporates access control, LPR, and reservation features, streamlining operations, boosting property performance, and ensuring that your EV management and parking operations run smoothly.
