ParqEx is the Perfect Parking Solution for Student Housing
Like anything else, college and university enrollment fluctuates. However, as enrollment increases and student populations grow, current and future student housing developments are back in the spotlight. A widespread concern among existing and prospective student housing developments is that, with the rise in university populations, finding safe, convenient, and affordable parking has become nearly impossible. Moreover, there isn’t a comprehensive parking management and enforcement solution that student housing providers can rely on. Fortunately, ParqEx’s suite of parking technology solutions offers innovative custom options that serve as an ultimate parking solution for student housing and redefine how parking is managed and enforced. Continue reading to discover how ParqEx is the perfect parking solution for student housing.
What’s the Problem? Student Housing Parking
Every property encounters unique parking challenges, and student housing is no exception. With a limited number of parking spaces and an increase in students, parents, and visitors—each with their own cars—finding parking is not the only issue; ensuring safe and secure parking is a significant concern for student housing communities. With heavy amounts of vehicles in these areas, many locations on and around campuses simply cannot meet the parking demands, resulting in overcrowding, illegal parking, and security issues surrounding parking.
Additionally, with limited parking options and no designated or permanent spaces for students and visitors, parking management seems chaotic, challenging, and overwhelming for property managers. The traditional parking management systems they have relied on and been trained in for other properties over the years have quickly become outdated and ineffective due to the high demand for parking and scarce availability. Property managers need a more comprehensive parking management system integrated into a complete solution for student housing properties.
The Rising Demand for Student Housing and the Need for Parking Amenities
Brandt Stiles, founding partner & co-CEO of Subtext told Multi-Housing News “As schools continue to see enrollment increase, the imbalance in supply and demand is causing rents to creep up to a point where new construction is supported—that’s creating opportunities, and it’s where we’re focusing a lot of our efforts.”
With rising numbers of enrollment to American colleges and universities, an increase in international students attending these schools, and a greater emphasis being placed on developing additional housing both on and off campuses, there is a rapidly increasing demand for student housing. As competition for available rental properties intensifies, property managers of existing student housing communities and developers of new student housing projects face new challenges and opportunities.
As everyone in real estate knows, a crucial way to differentiate properties from the competition is by offering more comprehensive amenities—particularly parking-related ones. Students want their vehicles with them when they move in for school. Having their cars provides them with freedoms that many rely on, and inadequate parking at properties can significantly influence these students’ choices and the overall appeal of the student housing community. Housing developments that provide secure, convenient, and well-managed parking are significantly better positioned to attract more students, giving them a vital competitive edge in a market where many facilities are being constructed with financial backing from investors.
For property managers of existing student housing facilities and developers of new student housing communities, investing in modern student housing parking technology and solutions like ParqEx’s suite of offerings addresses immediate parking needs and future-proofs your property, making it more competitive for years to come in an increasingly competitive student housing market. An efficient, safe, and scalable student housing parking management system will ensure that your property meets growing demand and remains relevant for years.
How ParqEx is the Perfect Parking Solution for Student Housing
ParqEx’s comprehensive parking solution offers a simple, customizable, and innovative platform that tackles all parking challenges faced by student housing facilities nationwide. Here’s why ParqEx is the perfect parking solution for student housing:
1. Streamlined Parking Management
Parking has always been a headache for student housing property managers, and at times, management loses hope of finding an effective solution to the various problems caused by parking. With ParqEx’s student housing parking management platform, the app-based solution enables property managers to assign parking, implement a first-come, first-served system, establish a student permit parking system, and organize parking through ParqEx’s student housing parking zone management system. These workflows and solutions ensure optimal parking usage, eliminate parking confusion among students, and remove disorganization that property management has allowed to go on over the years because they did not have a readily available resolution.
2. Smart Parking Technology
ParqEx’s student housing parking technology helps students easily find available parking through the student housing parking app. Our real-time parking space availability data provides students with up-to-date information for properties without assigned parking spaces, making it much easier to find parking instead of circling block to block looking for a spot. Now, students just need to create parking reservations on the app or through provided QR codes (and student housing QR code parking signs if the property desires) and can rest assured that they have a spot and know exactly where it is located.
3. Dynamic Pricing and Flexible Access
For student housing facilities aiming to maximize parking revenue, ParqEx provides dynamic pricing options that enable management to set prices for their parking spaces based on demand. During peak times, such as the start of a semester or busy campus events like football games and career fairs, student housing communities can charge more for parking and offer those spaces to both internal and external renters, thereby assisting student housing communities in optimizing their generated revenue. In efforts to further simplify parking operations, ParqEx’s campus parking app lets student housing properties list their available parking on the campus parking platform. The ParqEx-powered app allows users flexible access options for current students and external renters seeking convenient parking for students.
4. Security and Peace of Mind
As always, security remains a primary concern at colleges and universities, particularly for students’ families. With ParqEx’s advanced student housing access control system, campus license plate recognition technology, and student parking enforcement app, ParqEx assists student housing communities in enhancing their security while eliminating illegal parking and unauthorized access. Using access control, LPR (license plate recognition) technology, and the Enforcer App, student housing facilities can ensure that only students and visitors with valid active reservations can park on-site. The Enforcer App monitors the property for any vehicle that gains unauthorized access. It provides immediate enforcement in-app that can be taken immediately, such as issuing parking citations or towing unauthorized cars on campus.
5. Easy Integration with Property Management Systems
An added benefit demonstrating ParqEx as the ideal parking solution for student housing is its seamless integration capabilities. Our platform integrates effortlessly with any other system for student housing management using existing property management or security systems. This integration facilitates smooth communication across each platform and ensures that managing parking is a breeze.
Benefits for Students and Property Managers
ParqEx’s student housing parking management system benefits everyone.
Benefits for Students:
- Convenience: Students no longer need to worry about wasting time searching for parking. The app enables students to reserve parking spots (short-term, monthly, semester, etc.), eliminating the daily hassle of finding parking.
- Accessibility: Reserving parking and reaching reserved spaces is straightforward. ParqEx’s access control technology allows students to enter their reserved space behind any gate or garage door via the mobile app or pre-approved license plates.
- Affordability: The system offers various pricing options to ensure fairness in pricing students.
Benefits for Property Managers:
- Efficiency: Parking management no longer has to be a chaotic nightmare. With ParqEx’s parking management platform, parking is organized, streamlined, and enforced.
- Revenue Optimization: ParqEx’s platform also allows student housing management to maximize their parking revenue by providing a reservation-based process that enables communities to rent out unused parking while utilizing AI-enhanced pricing methods.
- Security: Safety is always a top priority, and ParqEx’s technology offers secure parking for student housing, benefiting not only students but property management, and the greater campus community as well.
Conclusion: The Future of Parking in Student Housing
Investing in innovative parking solutions is a wise choice as student housing communities continue to grow and more facilities are built. ParqEx’s parking solutions provide effective and efficient management and enforcement for student housing. Our platform can be tailored to meet each student housing facility’s unique needs and assist both management and students alike. So don’t wait; contact a ParqEx sales representative, and let us create a customized solution for you. Now is the time to invest in parking solutions to improve management and student lives while enhancing security. These solutions will provide your property with a cutting-edge solution that keeps it competitive and future-proof. Learn more about how ParqEx is the perfect parking solution for student housing today!
FAQ Section -The Future of Parking in Student Housing
Parking is an amenity! For many, parking is often an afterthought. However, for those in the real estate sector and property management teams, we know that parking isn’t always guaranteed. Therefore, offering secure and dependable parking for prospective students and comprehensive property technology and parking management solutions from ParqEx will undoubtedly make your student housing facility stand out from the competition!
With ParqEx’s student housing zone management platform, we can easily help your property create zones where only specific parking is available. Users will be able to identify parking zones through the app, parking signs, and notifications that ParqEx can send via email, text, and regular mail for your community.
Enforcement officers can quickly identify parking zones using the Enforcer App. The App simplifies enforcement by clearly marking each parking zone and streamlining the process. If an enforcement officer sees a vehicle parked in the wrong zone, enforcement actions can be initiated.
That’s okay! We can help establish rules for your current parking situation to ensure it’s fair for the entire community. For example, suppose you want to limit overnight parking to three sessions per student each week. In that case, we can implement those rules while assisting students in finding other available parking around campus using our parking app.
Indeed, our app is designed for parking fee collection. We can handle any fee, whether it be monthly, semester, metered, student permit, or other. Furthermore, we can collect any enforcement-related fees, such as double parking fees, towing fees, loading zone violation fees, overstaying a parking reservation fees, etc.
No! You can eliminate those outdated pieces of equipment that students always seem to lose (or share, creating security issues) and rely on ParqEx’s access control and LPR technology. With our Access + app, approved students can access parking. Students and their approved license plates can enter and exit the parking facility with LPR.
