Audience: Property owners/managers, asset operators, and partners evaluating ParqEx EV charging integration.

What This Document Covers

• EV charging hardware ParqEx can integrate with today
  
• Two payment operating models and when to use each
  
• What ParqEx provides on top of charging: reservations, access, enforcement, billing, and analytics
  
• Deployment and data requirements for a fast launch

Integration Overview

ParqEx supports EVSE integration via:

• OCPP 1.6J / 2.0.1: Connect to any compliant charger when ParqEx manages pricing, access, and billing.
  
• Vendor cloud APIs: Ingest session and usage data to synchronize reservations and access when the charger network handles payments.
  

Bottom line: If your charger speaks OCPP or offers a usable session API, ParqEx can unify the experience within a single smart parking platform.

Payment Operating Models

1) Vendor-Billed (Charger/Network Collects Payment)

Definition: The EV charger or its network (e.g., ChargePoint, Wallbox, EVBox/Everon, FLO, Blink, Zaptec, Easee) handles payments at the point of charge. ParqEx manages reservations, access, enforcement, and reporting by syncing session data from the network.

When to Choose:

• Standardized on a vendor network contract
  
• Payments should remain on the vendor platform
  
• ParqEx manages parking inventory, reservations, access control, and enforcement
  

Typical Hardware / Networks:
ChargePoint, Wallbox, EVBox/Everon, FLO, Blink (incl. SemaConnect), Zaptec, Easee

ParqEx Responsibilities:

• EV stall reservations (time-based, recurring, guest, tenant)
  
• Access control (gates/doors) and stall assignment
  
• Parking enforcement (LPR, patrol, digital permits)
  
• Session data sync: start/stop, kWh, duration, statuses
  
• Unified analytics: energy + parking occupancy reports
  
• Notifications: SMS/email/push for reservation windows, charge complete, overstays
  

Vendor Responsibilities:

• Payments, tariffs, taxes, refunds
  
• Energy management within their network
  

Owner/Manager Outcomes:

• Maintain existing vendor billing relationships
  
• Gain ParqEx’s reservations, access, enforcement, and consolidated reporting
  
• Optional reconciliation of vendor payouts with stall utilization
  

2) ParqEx-Billed (ParqEx Collects Payment)

Definition: The charger operates in free or $0 tariff mode. ParqEx captures session data (time, kWh) via OCPP or vendor API and bills the driver—bundling parking and energy in a single invoice.

When to Choose:

• One bill and one customer journey for parking + charging
  
• Flexible tariffs (time-of-day pricing, stay-based bundling)
  
• Unified refunds/credits
  

Typical Hardware (OCPP-enabled):
ABB, Siemens, Alfen, Tritium, Alpitronic, Delta, Autel, Zerova/Phihong, Circontrol, Leviton, Kempower, Wallbox/EVBox models (OCPP-enabled)

ParqEx Responsibilities:

• Reservations + stall access
  
• Live control: start/stop, max current profiles, time windows
  
• Billing in ParqEx: per-kWh, per-minute, per-session, idle-fee, or blended with parking
  
• Taxes/fees: configurable by jurisdiction; itemized statements
  
• Owner payouts: consolidated across parking + energy
  
• Enforcement: unauthorized occupancy, idle overstays, non-reserved use
  
• EV parking analytics: energy usage, charging time, occupancy, revenue, repeat usage
  

Owner/Manager Outcomes:

• Single platform for pricing, billing, payouts, and refunds
  
• Ability to design parking-first products with energy add-ons
  
• Simplified customer support and dispute handling
  

Supported Hardware (Representative & Expandable)

Vendor-Billed: ChargePoint, Wallbox, EVBox/Everon, FLO, Blink, Zaptec, Easee
ParqEx-Billed: OCPP-enabled brands including ABB, Siemens, Alfen, Tritium, Alpitronic, Delta, Autel, Zerova/Phihong, Circontrol, Leviton, Kempower

Have another brand? Share the model + firmware; ParqEx will validate OCPP profile support or available session APIs.

Feature Matrix: ParqEx Capabilities

Benefits by Stakeholder

Property Owners & Managers:

• Revenue maximization: dynamic tariffs, idle fees, bundled products
  
• Guaranteed turnover: enforce reservations and prevent squatting
  
• Operations control: centralized admin for stalls, access, pricing
  
• Consolidated reporting: energy, occupancy, revenue
  
• Accounting-friendly payouts: single remittance or matched reconciliation
  
• Tenant & visitor management: role-based access
  
• Compliance support: audit trails, exportable logs, NEVI-friendly data capture
  
• Scalable across multiple sites
  
• Marketing levers: EV-only offers, loyalty, corporate codes
  
• Reduced support load: one app, automated notifications and receipts
  

EV Drivers:

• One parking app for reservations, access, charging, and payment
  
• Certainty of reserved space with working charger
  
• Transparent pricing and clear receipts
  
• Proactive notifications
  
• Faster exits with automated access and cashless billing
  
• Account perks: saved vehicles, favorites, employer/resident benefits
  

Deployment & Launch Requirements

Vendor-Billed:

• Maintain existing vendor contracts
  
• Connect ParqEx to vendor API for session data
  
• Set stall reservations and access rules in ParqEx
  

ParqEx-Billed:

• Configure chargers in free vend / $0 tariff mode
  
• Connect via OCPP to ParqEx
  
• ParqEx handles pricing, billing, and unified payouts
  

Data Captured:

• Charging: start/stop timestamps, kWh, power profile, connector ID, meter values
  
• Parking: reservation times, check-in/out, plate (LPR), stall occupancy
  
• Billing: itemized parking, energy, idle/overstay fees, taxes, discounts
  
• Operations: charger availability, faults, firmware, session exceptions
  

Launch Requirements:

• Site & stall plan
  
• Charger list with make/model/firmware/OCPP endpoint
  
• Vendor network credentials (vendor-billed)
  
• Pricing rules, access control methods, enforcement rules
  
• Branding and notification templates
  

Recommended Fee Examples (Configurable per Site)

Vertical-Specific Playbooks

• Multifamily: Resident priority, guest timeboxes, escalating idle fees
  
• Office/Employee: Max session limits, daily reservations, idle enforcement
  
• Retail: High turnover, free parking while charging, short grace periods
  
• Hospital/Healthcare: Treatment flags, ADA proximity, staff-only banks
  
• Hotel: Room-linked bookings, valet workflows, bundled invoices
  
• Stadium/Event: Prepaid slots, surge pricing, strict unplug enforcement
  

Next Steps

1. Share your charger inventory and preferred operating model per site
   
2. Confirm API/OCPP compatibility and propose rollout plan
   
3. Configure pricing, policies, notifications; run 1–2 week pilot
   
4. Go live with unified Reserve → Access → Charge → Bill in ParqEx
   
5. Questions or new chargers? Send model + firmware for validation
   

Contact ParqEx today!

The post ParqEx EV Charging Integration — Payments & Capabilities appeared first on ParqEx.

Property owners and parking operators face a common challenge with EV charging management: every site has unique rules, constraints, and revenue goals. ParqEx solves this by integrating with modern EV charging stations in two operating modes, while maintaining a seamless experience for both drivers and managers.

Two Payment Models

Charger/Network-Billed: The EV charging station (or its network) collects payment for energy. ParqEx handles EV stall reservations, access, enforcement, and reporting.

ParqEx-Billed: The charger operates in free-vend or $0 tariff mode. ParqEx tracks session usage (kWh/time) and bills the driver—bundling parking + energy into a single invoice.

In both models, ParqEx includes Tesla-style overstay/idle detection: vehicles plugged in but not actively charging are monitored, and rules (fees, alerts, or enforcement) are applied to maximize stall availability.

Why This Matters for Property Owners

• Maximize EV bay turnover: Avoid “charger squatters” by applying overstay and idle rules.
  
• Unify EV + parking operations: Reservations, access control, LPR enforcement, pricing, payments, and analytics—all in one platform.
  
• Flexible commercial models: Decide where energy is billed—at the charger or through ParqEx—without disrupting the user experience.
  
• Audit-ready data: Track session start/stop, kWh, plugin duration, idle time, and stall occupancy for compliance and revenue assurance.
  

Core EV Charging Management Capabilities

• EV stall reservations: Time-window reservations for tenants, guests, employees, or the public—per bay or per bank.
  
• Access control: Integrations with gates and doors via Access+ unlock stalls only during approved reservation windows.
  
• Overstay/idle detection: Policy engine monitors charging vs. plugged-in state and triggers notifications, idle fees, or violation workflows.
  
• LPR enforcement: Identify unauthorized or overstaying vehicles; create violations or tow triggers based on property policy.
  
• Integrated billing: Charge for parking, energy, idle/overstay time, or any combination; issue invoices and remit payouts to owners.
  
• Notifications: SMS, email, or push notifications for reservation start, charge start/complete, grace period warnings, and idle alerts.
  
• EV parking reporting & analytics: Monitor energy usage (kWh), stall occupancy, session duration, revenue per bay/site, repeat user behavior, and exceptions.
  

Common EV Charging Management Scenarios

Scenario 1 — Charger Billed for Energy; ParqEx Billed for Parking

Use Case: Residential or mixed-use properties want energy payments to remain with the charger network while preventing blocked EV bays.

How it Works:

1. Driver reserves an EV bay through ParqEx’s parking app.
   
2. Charging session is paid at the station/network.
   
3. ParqEx monitors stall occupancy and charging state.
   
4. When the session ends, idle timers start.
   
5. If the vehicle remains plugged in past the grace period (e.g., 30 minutes), ParqEx charges idle fees or triggers enforcement.
   

Example Policy:

• Grace period: 30 minutes after charge completion
  
• Idle fee: $12/hour (billed in 10-minute increments)
  
• Escalation: After 90 minutes idle, send violation to enforcement or suspend EV privileges
  

Owner Value: Maximizes throughput on expensive EV infrastructure while maintaining vendor-based energy billing.

Scenario 2 — Reserved EV Charging for Specific User Groups

Use Case: Limited EV bays need priority access for tenants, guests, or specific visitors.

How it Works:

• ParqEx enforces eligibility at booking.
  
• Access+ gates/doors open only during approved reservation windows.
  
• ChargerBilled: energy paid at the station; ParqEx applies parking/idle rules.
  
• ParqExBilled: energy + parking + idle fees bundled and billed via ParqEx.
  

Example Policies:

• Office site: EV bays reserved for visitors 8 a.m.–6 p.m.; employees after hours
  
• Retail site: First 60 minutes validated with purchase; idle fees apply afterward
  

Owner Value: Guarantees availability for priority users while aligning with tenant satisfaction, shopper conversion, and guest experience goals.

Scenario 3 — High-Demand Paid Reservations

Use Case: Scarce EV bays in urban locations, hospitals, stadiums, airports, or campuses.

How it Works:

1. Driver books a paid EV reservation.
   
2. ParqEx collects a reservation fee.
   
3. During the window, charging occurs: ParqExBilled charges per kWh; ChargerBilled paid at station.
   
4. Overstay/idle fees apply automatically after charge completion.
   

Example Policy:

• Reservation fee: $3–$8 per 30 minutes
  
• Energy tariff (ParqExBilled): $0.42/kWh peak, $0.28/kWh off-peak
  
• Idle fee: $20/hour in 5-minute increments after 15-minute grace
  

Owner Value: Monetizes scarcity, improves reliability, and provides clear economics for future EV infrastructure.

Pricing & Policy Building Blocks

• Grace periods: 15–45 minutes post-charge
  
• Idle fees: per-minute or per-block, optional caps
  
• Tiered energy pricing: peak/off-peak, memberships, or flat
  
• Parking bundles: e.g., 2-hour parking includes 15 kWh; overages billed
  
• Validations/credits: retail purchase codes, resident allowances, or employer perks
  
• No-show rules: auto-cancel after X minutes; optional fees or warnings
  
• Enforcement triggers: LPR hits, patrol tasks, tickets, or tow workflows
  

High-Level Operational Flow

1. Reserve: Driver books EV stall; rules applied.
   
2. Access: Gate/door opens via Access+; occupancy begins.
   
3. Charge: Session tracked (start/stop, kWh, power).
   
4. Detect Idle: Start grace timer after charge; notify driver.
   
5. Act: Apply idle fee or enforcement if occupied past grace.
   
6. Bill: Generate invoices for parking, energy, and idle time.
   
7. Report: Dashboards show utilization, revenue, exceptions, and repeat behavior.
   

Key KPIs for Property Owners

• Stall turnover (sessions/day per EV bay)
  
• Idle time ratio (idle ÷ plugged-in minutes)
  
• Energy revenue and parking/idle revenue (separate lines)
  
• Reservation fill rate and no-show %
  
• Session success rate (start to charge complete)
  
• User mix (tenant/guest/public; new vs. repeat)
  

Implementation Checklist

1. Choose payment model: ChargerBilled or ParqExBilled
   
2. Define policies: grace periods, idle fees, eligibility, validations, escalation
   
3. Map hardware: charger models, firmware, OCPP/vendor API credentials
   
4. Configure access: gates, doors, stalls, and time windows
   
5. Set pricing: parking, energy, bundles, promo codes
   
6. Launch pilot: monitor KPIs, adjust policies, scale across properties
   

Summary

ParqEx gives property owners and managers two flexible ways to run EV charging management—keep energy payments at the charger network or move everything into ParqEx—without losing control, visibility, or driver convenience. With overstay/idle intelligence, you protect scarce EV bays, increase turnover, and unlock new revenue while ensuring drivers enjoy reliable access and transparent pricing.

Ready to take the next step? Book a demo with ParqEx today.

The post How ParqEx Unlocks EV Charging Revenue & Control — With Either Payment Path appeared first on ParqEx.

In commercial real estate, every square foot has value — and that most certainly includes your parking. For years, garages and lots have been treated as simple add-ons to a building. But today, that’s changing fast.

Smart parking for commercial real estate is a transformative solution that turns idle parking spaces into income-generating, tenant-pleasing, security-enhancing assets, unlocking the hidden potential of your property.

At ParqEx, we collaborate with property owners and managers to rethink what their parking can do. Whether you manage an office building, a retail shopping center, or a mixed-use development, this guide will walk you through how smart parking works, what tech powers it, and how it can make a measurable difference for your properties.

What Is Smart Parking?

Put simply, smart parking uses technology — sensors, cameras, access control, mobile apps, and real-time data — to manage how parking spaces are optimally utilized. It replaces manual systems with automation, visibility, and control.

But when we talk about smart parking for commercial real estate, we’re not just talking about tech. We’re talking about a smarter way to manage one of the most overlooked and forgotten parts of your property.

Smart parking is about boosting parking revenue, improving the tenant, resident, and guest experience, and reducing time-consuming admin work — all while enhancing the security of the entire property.

If you’ve ever wondered how to monetize commercial parking, a smart parking management system like ParqEx — equipped with digital access control, license plate recognition, and automated enforcement — is your answer.

Why Smart Parking Makes Sense for CRE

Traditional parking setups aren’t built for today’s parking needs and expectations. Parking is hard to enforce, easy to misuse, and seldom optimized for efficiency or solid revenue generation.

Smart parking for commercial real estate changes that. Here’s what it brings to the table:

• More revenue – Properties can rent out unused spots, introduce premium access, and maximize use.
  
• Better tenant retention – CRE property managers’ smart parking tools help property management offer a seamless, app-based parking experience.
  
• Stronger security – Real-time parking enforcement tools help CRE parking enforcement monitor who’s parking where, with real-time visibility.
  
• Operational efficiency – Parking operators can automate access, permits, and enforcement.
  
• Future readiness – Property owners can get ahead of rising EV demand and sustainability goals.

Whether it’s a multi-level parking garage with hundreds of parking spaces or a 5-spot open surface parking lot, smart parking technology helps your parking perform at its best, contributing to your bottom line.

The Tech Behind Smart Parking for Commercial Real Estate

At ParqEx, we’ve built a commercial real estate parking solutions-based platform. Our customizable smart parking system is modular, scalable, and built to integrate with all existing operations and systems already on-site.

Here are some key features:

1) Access+ (Access Control)

Forget key fobs, clickers, and garage door openers, with Access+, property owners, managers, enforcement officers, and approved users can control garage doors, gates, and secured entrances using mobile devices, QR codes, or license plate recognition. With access control for parking facilities, management and ownership decide who gets in — and when.

2) Enforcer App

No more relying on guesswork or paper logs. Our enforcement app gives your team live access to who’s authorized to park. You can address violations immediately and reduce unauthorized use.

3) IoT Sensors & LPR Cameras

Occupancy sensors (used for parking occupancy tracking) and license plate recognition (LPR) give you a complete picture of how your spaces are used — and help boost both parking efficiency and property security.

4) Custom-Branded Parking Platform

We’ll create a white-labeled parking portal or app, so tenants, employees, and guests can reserve spaces, manage permits, and check availability — all under your brand.

5) EV Charging Management

Smart parking also includes smart EV charging. Allocate and monitor EV spaces, ensure proper usage, and support your tenants’ shift toward greener transportation.

Smart Parking for Commercial Real Estate with ParqEx in Action

Smart parking for commercial real estate works across all types of properties that have parking, such as:

1) Office Buildings

Give employees flexible access, streamline guest parking, and monetize empty spots during weekends.

2) Retail & Mixed-Use

Balance resident, employee, and shopper needs while eliminating unauthorized parking with LPR enforcement, scheduling tools, and validated parking.

3) Hotels & Event Spaces

Pre-sell spaces for events, enable smooth guest access, and integrate parking with your existing concierge, valet, or VIP services.

4) New Developments

Design smart from the start. We work with developers to future-proof parking infrastructure, meet zoning and EV parking management requirements, and ensure compliance with federal EV infrastructure guidelines.

Why ParqEx?

We don’t believe in one-size-fits-all solutions. Every property is different — and smart parking for commercial real estate needs to reflect that.

Our platform is:

• Modular – Use just what you need, when you need it
  
• Scalable – From single buildings to entire portfolios
  
• Customizable – Fully branded to match your property
  
• Proven – Trusted by developers, REITs, HOAs, and property managers nationwide. 

We have a track record of success. We know CRE. And we know parking.

Ready to Reimagine Your Parking?

Parking shouldn’t be a nuisance — it should be part of your money-making, tenant-inviting, security-augmenting strategy. With parking technology for commercial buildings, you can increase NOI, attract better tenants, and streamline your day-to-day operations.

Let’s walk your site, show you the numbers, and build a plan that works for you. We’d love to help.

The post Smart Parking for CRE: Maximize Property Value | ParqEx appeared first on ParqEx.

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

The post Maximize Your Property’s NOI and Tenant Demand with ParqEx EV Charging appeared first on ParqEx.

ParqEx strives to provide parking solutions for everyone who needs them, and this commitment undoubtedly includes affordable housing. For property management to remain organized and effectively manage their affordable housing parking operations, efficient parking solutions must be seamlessly integrated. Moreover, parking solutions should become a priority as they can immediately enhance residents’ quality of life, as parking is an aspect of daily life for most residents. ParqEx’s cost-effective parking solutions for affordable housing align perfectly with the unique needs of this market. This is how:

What is Affordable Housing?

First thing, let’s define affordable housing. Affordable housing is vital to many Americans across the nation. Subsidized housing, low-income housing, and workforce housing are all examples of affordable housing that strive to provide homes to those who cannot afford much. To not consume too much of a person or family’s income, these programs help many, especially those in cities where rent and mortgage rates are incredibly high.

Subsidized, low-income, and affordable housing need parking solutions too! ParqEx is here to provide.

Perks of ParqEx’s Cost-Effective Parking Solutions for Affordable Housing

Streamlined Parking Management

ParqEx simplifies parking space management and reduces property managers’ headaches by providing cost-effective, digital parking solutions for affordable housing properties. Utilizing ParqEx’s low-income automated parking management systems, affordable housing tenant management systems, subsidized housing zone management platforms, and features like real-time parking occupancy and automated access control significantly lessens the need for manual oversight. Freed from the burdens of parking management tasks, property managers and staff can focus on other essential aspects of the affordable housing community. Another benefit of streamlining parking management with ParqEx is that the technology-driven platform dramatically reduces administrative costs through automation.

Improved Security and Access Control

ParqEx’s proprietary affordable housing access control systems help augment property security by admitting only pre-approved residents and guests via the access control app or low-income housing license plate recognition systems. These touchless access systems minimize the risk of unauthorized vehicles and eliminate the need for physical keys, fobs, clickers, etc. (another cost-saving opportunity). Additionally, ParqEx’s affordable housing parking enforcement solutions heighten security, make sure only authorized vehicles are parked in the parking facility, ensure everyone is following parking regulations, offer in-app ticketing options, and can take drastic enforcement measures within seconds, such as booting or towing of a vehicle from the property.

Support for Sustainable Transportation

ParqEx’s solutions can also include sustainable transportation options, such as EV (Electric Vehicle) charging stations and affordable housing car-sharing programs. ParqEx’s platform was programmed to be entirely customizable depending on property needs. The ability to tailor a parking platform like ParqEx’s helps affordable housing communities get their hands on parking solutions that their properties desperately need, whether for management, security, or resident experience purposes. The customization capabilities of ParqEx’s platforms help boost eco-friendly practices, including sustainable transportation options while helping affordable housing developments and communities achieve their sustainability goals.

Improved Resident Experience

ParqEx’s affordable housing parking app offers an easy parking experience for all residents and tenants. Through the app, residents can digitally reserve and access parking spaces. If parking is assigned, our subsidized housing access control systems streamline the process and enhance the resident experience for affordable housing properties with allocated parking. Additionally, residents can utilize ParqEx’s affordable housing guest parking platform to reserve guest parking spaces for their visitors in advance.

Cost-Effectiveness of ParqEx

ParqEx’s cost-effective parking solutions for affordable housing are particularly beneficial for communities with smaller budgets. These solutions allow low-income residences to enjoy a platform that manages and automates sharing the property’s existing parking spaces with residents, tenants, and guests. Optimizing the limited number of parking spaces helps properties use existing assets while avoiding the expensive infrastructure costs of building new parking facilities. 

Scalability and Flexibility

Scalability and flexibility are always important, so ParqEx’s subsidized housing parking solutions are highly scalable and flexible. This enables affordable housing communities to bypass expensive upfront costs as their developments expand. Furthermore, these adaptable and customizable solutions cater to all affordable housing developments, regardless of their size, and assist the community in maintaining affordable housing rates.

That’s a Wrap on ParqEx’s Cost-Effective Parking Solutions for Affordable Housing

ParqEx’s cost-effective parking solutions for affordable housing are customizable and scalable. They enhance property security, streamline parking operations, reduce management and administration costs, provide cost-saving solutions, and assist low-income housing in achieving sustainability goals. With minimal investment needed for ParqEx’s parking technologies, our affordable housing parking solutions are the answer your property has been seeking. Contact a ParqEx sales representative today, and let’s continue this conversation.

We look forward to meeting with you!

The post ParqEx’s Cost-Effective Parking Solutions for Affordable Housing appeared first on ParqEx.

When we think of medical and hospital facilities, we think of how important it is for everything to be streamlined to allow rapid life-saving actions. This incredibly fast-paced environment must manage its resources to remain as effective as possible. Despite having significant time-saving potential, parking management is an aspect of resource management often overlooked in the medical and hospital industry. Proper parking management can drastically improve the patient’s experience and the speed at which they are seen. Moreover, having streamlined parking operations increases staff productivity and efficiency, along with the overall operational efficiency of the medical facility or hospital. Parking solutions provider ParqEx specializes in all parking operations, and its white-labeled tech stack offers a tailored and comprehensive solution that achieves the goal of streamlining parking operations for the medical and hospital sectors. Keep reading our article and see how enhancing medical and hospital operations with ParqEx’s complete white-labeled solutions can improve the effectiveness and efficiency of your medical facility or hospital.

How ParqEx’s White-Labeled Solutions Enhance Medical and Hospital Operations

ParqEx’s smart parking solutions offer several vital benefits for the medical and hospital sector. Some include:

1. Streamlined Parking Management: ParqEx’s robust parking management platform comprises ten market-proven parking technologies that help the medical and hospital verticals manage their parking spaces efficiently. Integrating ParqEx’s white-labeled parking solutions into hospital and clinic existing systems, platforms, and apps is a seamless process that ensures minimal disruption. This integration allows these industries to rest assured that their parking resources are optimally used and managed while allowing patients, visitors, and staff a seamless and streamlined parking experience.
2. Convenient Patient Experience: When patients go to a medical clinic or a hospital, they have essential things weighing heavily on their minds. They don’t need another thing to stress about, like finding parking when historically it’s been challenging. ParqEx’s white-labeled technology offers significant relief to patients, allowing them to take advantage of advanced parking reservations with real-time availability. Hospitals and medical clinics can embed this parking feature in their app and platforms through API and punch-out integrations. Alternatively, patients can use a dedicated app or landing page. For patients and clients who require frequent visits and perhaps need accessible parking spaces, the ability to reserve their spots in advance and rest assured their handicapped space will be open for them upon arrival is critical. An additional important feature of ParqEx’s white-labeled technology is its touchless entry and exit system. With this smart parking system, patients can enter and exit the parking facilities without physical contact, easing their worries about catching a virus or getting an infection. This is a vital feature that ParqEx delivers in the medical sphere!
3. Enhanced Security: An additional benefit of ParqEx’s touchless access control systems is its ability to strengthen security simultaneously. ParqEx’s License Plate Recognition (LPR) technology ensures that only pre-approved vehicles can access the parking facility. If a patient has a parking reservation, their license plate will be read by the cameras approved, and they can park in their assigned parking spot. This technology augments security by preventing unauthorized access and ensuring all parking spots are genuinely used for clients, patients, staff, and approved visitors. ParqEx’s access control systems can integrate with existing security systems, heighten security even further, and streamline parking operations at the medical and hospital facilities.
4. Heightened Operations Efficiency: With ParqEx’s white-labeled real-time data and analytics, hospital administrators and staff can monitor the facility’s parking usage 24/7. These insights help medical and hospital administrators make informed decisions regarding parking resource allocation and parking policies. Moreover, ParqEx’s real-time data and analytics and automated parking enforcement ensure all parking policies and rules are followed. ParqEx’s Enforcer App automates the parking enforcement process, thus reducing the need for manual checks, which is a significant cost-saving opportunity. It also allows hospital administrators and enforcement agents to issue parking tickets and violations digitally through the app, giving them complete control over the property’s enforcement while heightening parking compliance and security.
5. Revenue Opportunities: Hospitals and medical clinics often have a great deal of frequently and heavily used parking. However, there are always off-peak hours, which can be seen with ParqEx’s white-labeled analytics platform when the parking facilities are not fully occupied. Hospitals and medical facilities can generate additional parking revenue on these underutilized parking spaces during these off-peak hours. By listing available parking on ParqEx’s white-labeled parking platform, transient renters seeking parking during these hours can use these spaces and contribute to a new parking income stream for the hospital and medical clinic.
6. AI-Enhanced Pricing Models: ParqEx’s predictive and dynamic pricing uses AI to help hospitals and medical facilities adjust parking pricing based on demand. The choice between predictive, dynamic, and fixed pricing grants hospital administrators the ability to choose the set pricing strategy and help provide avenues to maximize revenue while ensuring parking is affordable for their patients and clients. For instance, they can keep parking fees minimal during peak hospital hours and then adjust pricing for off-peak hours when transient renters looking for parking in the area are willing to pay. This flexibility ensures that the parking fees are always in line with the market demand and the financial capabilities of the patients and clients.
7. Customization and Scalability: ParqEx’s white-labeled tech stack is highly customizable and is tailored to whatever need. This allows hospitals and medical facilities to entirely rebrand and customize all the technologies and platforms provided by ParqEx to fit with the hospital’s logos and colors. This delivers a seamless and consistent user experience for clients, patients, staff, and visitors while enhancing their visit. Moreover, ParqEx’s white-labeled tech stack is entirely scalable and can accommodate growing hospitals and medical facilities. Whether as simple as adding more parking spaces or adding a whole new property to the platform, the ParqEx white-labeled platform is designed for growth and can grow alongside and simultaneously with the hospital or clinic. The adaptability of the ten ParqEx technologies ensures that the smart parking services can evolve to meet the hospital’s needs and requirements, giving administrators the reassurance and confidence they need.
8. Environment and Sustainability Benefits: Anyone who has visited a hospital or medical clinic knows how busy the parking lots and facilities are. With ParqEx’s white-labeled parking solutions, ParqEx guarantees reduced traffic congestion. Via optimizing all parking space utilization with real-time availability updates, patients can reserve their parking spot ahead of time, seamlessly enter the parking facility with their approved license plate or app, and find their reserved parking spot without having to circle all the parking garage levels. This heightens the patient’s experience and helps reduce vehicle emissions in the parking garage, leading to a cleaner environment, which is vital in the medical and hospital industry. In the same breath, ParqEx can also integrate with any existing EV charging stations at the hospital or clinic. All EV charging spots will be included in the parking management system, allowing hospitals to continue encouraging the use of EVs and help reach sustainability goals one vehicle at a time.

That’s a Wrap!

These are just a few significant benefits the hospital and medical industry can enjoy when adopting ParqEx’s white-labeled tech stack at their facilities. This innovative smart parking solution addresses many challenges medical and hospital operations face while promoting the future growth of medical clinics and hospitals. So what are you waiting for? Book a demo with ParqEx and discover how enhancing medical and hospital operations with ParqEx’s complete white-labeled solutions will perfectly fit your clinic and hospital needs.

Enhancing Medical and Hospital Operations with ParqEx’s Complete White-Labeled Solutions FAQ

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As the world firmly shifts towards electric vehicles (EVs), companies face new challenges, particularly regarding employee parking and providing an adequate supply of EV charging facilities for EV-driving employees. While EVs offer numerous uncontestable benefits, including fewer vehicle emissions and lower operating costs, the transition also brings unique parking challenges to the entire parking industry. For businesses seeking help with their EV parking management, ParqEx offers reliable EV employee parking solutions for a sustainable future, providing relief and confidence in overcoming these challenges. Read on and discover how our parking technology addresses and resolves all EV employee parking challenges.

EV Employee Parking Solutions for EV Parking Challenges

Limited Charging Bays

One of the biggest challenges for almost every business is the limited number of EV charging bays available at workplaces. In many cases, many employees, if not most, drive EVs, and the demand for charging stations typically far exceeds the supply, leading to irritation and competition among employees who need to charge their vehicles during the workday. To address this, businesses can:

• Add More Charging Stations: The no-brainer solution is investing in additional charging stations. A larger supply of EV stations can help meet the growing demand. However, adding more charging stations will not entirely resolve the problem for businesses in heavy EV states like California.

• Use a Reservation System: One of the most straightforward solutions to the EV employee parking problem is implementing a reservation system. Allowing employees to reserve charging spots in advance can help manage usage more effectively, giving businesses control over their parking resources. This is one of the easiest ways ParqEx offers reliable EV employee parking solutions for a sustainable future. Learn more about ParqEx’s EV employee parking reservation system.

• Encourage Off-Peak Charging: Of course, it is far more convenient for EV-driving employees to pull into an EV charging spot immediately when they arrive at the beginning of their workday. The issue is that everyone operates under that same mindset unless encouraged otherwise. A great way to encourage off-peak charging is to incentivize employees to charge their vehicles during off-peak hours via various parking discounts. This can help reduce EV parking congestion during peak times. See how ParqEx works with every business regarding parking incentives and promotions for a quick EV parking fix!

Overstaying After Full Charge

One of the main and most aggravating EV employee parking issues is when employees leave their vehicles in charging bays long after they are fully charged, preventing others from using the charging station. This causes inconvenience and lost revenue for the business and irritation for other EV-driving employees. A few EV employee parking solutions to this problem include:

• Time-Based Fees & “Idle Fees”: Tesla, a market leader in EV vehicles, has struggled with proper enforcement when EVs overstay after a full charge at their various nationwide supercharging stations. They started implementing “idle fees” of $0.50 per minute for vehicles that remain in charging bays after they are fully charged, which can encourage employees to move their cars promptly. Learn how ParqEx’s smart parking technology system vigorously enforces time-based charging fees to help reduce companies’ EV employee parking challenges.

• Automated Notifications: Notifying employees when their car is fully charged can remind them to move their vehicles. With reservation systems like ParqEx, EV-driving employees will receive automated reminders and notifications when their reservation window is about to expire. Depending on company policies, ParqEx’s system can offer choices to extend reservations, issue moving reminders, or take enforcement actions on the offending EVs, giving businesses the control and flexibility they need to manage their parking effectively. 

• Parking Management Systems: Advanced parking management and enforcement systems, like ParqEx’s parking management platform coupled with their Enforcer App, can be utilized to monitor and manage the use of charging bays effectively. For businesses who have repeat EV overstaying after complete charge offenders, ParqEx’s robust Enforcer App offers companies the opportunity to instantly enforce parking rules and regulations and set a new standard for EV employee parking at workplaces. The enforcement app allows instant notifications, automatic penalties, and detailed reporting, ensuring parking rules are consistently and fairly enforced.

Software and Payment Processing Issues

Technical issues such as software malfunctions and payment processing errors can quickly disrupt the charging process and cause frustration for employees and employers. As this EV employee parking challenge is not typically something businesses can fix in-house, these tend to be the most daunting. To resolve these issues, companies can:

• Regular Maintenance: Regular maintenance checks are always recommended for any tech. Conducting maintenance checks on each EV charging bay helps businesses ensure charging stations function correctly and they will not suddenly have various EV charging stations out of order, adding fire to the already tricky EV employee parking situation.

• Reliable Payment Systems: For companies adding another revenue stream to their business via EV charging stations, reliable payment systems are vital. Companies can rest a bit easier by investing in reliable payment processing systems to minimize errors and ensure smooth transactions. See how ParqEx’s parking management system provides reliable payment systems and real-time insights and analytics on each EV charging station.

• Customer Support: In a technology-heavy world, reliable customer support has become even more crucial. Strong customer support that addresses issues promptly and efficiently relieves employees and employers. See how ParqEx’s standout customer support team can help provide reliable EV employee parking solutions for a sustainable future at your workplace.

Revenue Limitations

Regarding EV charging, some businesses ask EV-driving employees to pay for parking and charging, pay for just charging, or pay for just parking. For companies that offer free charging, the cost of electricity can add up quickly when most of their staff owns EVs. To offset these costs, businesses can:

• Charge for Usage: Implementing a parking fee for using the charging stations is a great way to offset the electricity cost. Parking fees can help cover the cost of electricity and any maintenance that may be needed. With parking reservation systems like ParqEx, EV charging stations can be reserved in advance, and payment can be made automatically via the ParqEx parking app.

• Tiered Pricing: Different parking pricing tiers based on the time of day (i.e., during off-peak hours when businesses can offer parking discount incentives) or duration of use (many companies operate with a max meter use of 4 hours) can encourage efficient use of the charging stations and bring in a reasonable amount of EV parking revenue for the business.

Improper Use of Charging Stations

When it comes to parking, people tend to break various parking rules and regulations, especially when finding parking, which is already a struggle. Ensuring that only EVs use the designated charging bays is a challenge that has surfaced and increasingly aggravates EV drivers and businesses. Non-EV vehicles occupying these spots can cause significant inconvenience. Solutions include:

• Clear Parking Signage: Clear signage around a parking facility is always good. Installing clear signage that indicates that the spots are reserved for EVs only will help eliminate parking violations. If you need a hand with signage, ParqEx has every version of a parking sign your business could need!

• Enforcement Policies: Implementing strict parking enforcement policies, such as fines, booting, or towing, for non-EV vehicles parked in charging bays is a solid, reliable solution for this EV employee parking challenge. ParqEx’s Enforcer App has seen success at countless properties and businesses nationwide. Learn more about our enforcement solution and how we can enforce non-EV vehicles and offending EVs (i.e., those overstaying full charge).

• Employee Education: Ultimately, the employees are the brunt of this major inconvenience. Proper employee education about the importance of keeping charging bays available for EVs can also help limit these parking violations.

Overnight Charging

For employees who do not have access to home charging, charging at a workplace is essential. For businesses offering overnight charging at the workplace, this can also lead to increased EV parking congestion and unfair usage of charging facilities. To manage this, companies can:

• Designate Overnight Charging Spots: By allocating specific spots for overnight charging, businesses can ensure that remaining charging spots are available immediately for employees in the morning. With parking platforms like ParqEx, designating specific overnight charging spots is simple. See how ParqEx’s EV parking and charging reservation system can help your business with overnight charging.

That’s a Wrap!

While the transition to electric vehicles presents several parking challenges for the entire parking industry, reliable solutions exist that companies can implement to ensure a smooth and efficient experience for their employees. By investing in additional charging bays, implementing smart parking management systems, using a parking reservations system, and properly enforcing parking, businesses can overcome these challenges and move toward a more sustainable future.
For companies facing these challenges, ParqEx offers comprehensive parking solutions to meet the needs of EV drivers and employers. With over ten years of experience managing parking-related issues, ParqEx can help you implement reliable EV employee parking solutions for a sustainable future! Book a meeting with our team and learn how we can assist your business.

FAQ – Reliable EV Employee Parking Solutions for a Sustainable Future

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Unsurprisingly, during the winter months, the rental rates of multifamily residences around the nation are at their lowest. It is cold; school is in session; work is too busy; it is holiday time. All of this is to say that people want to avoid considering moving in or out during winter. As property managers know, this does not serve the property well in terms of overall cash flow. Luckily, Spring is around the corner, and there is a growing opportunity to attract new tenants and residents. So, before it is too late, invest in parking technology to prepare for the busy rental period and entice new tenants and residents to move into your property! Read four advantages of ParqEx’s parking technology that will undoubtedly give your property a cutting edge against competitors and attract suitable residents and tenants to help grow your community.

Enticing ParqEx Parking Technology Advantages to Attract Tenants & Residents

1) Improved Parking Efficiency

One of the most enticing benefits of ParqEx’s parking technology is the drastic improvement in parking efficiency at your property. ParqEx’s Parking Access Revenue Control Systems (PARCS) facilitate all parking operations on-site, make use of its top-of-the-line Access Control or License Plate Recognition systems to simplify entry & exit and handle all transactions via license plates, an app, or kiosks if preferred. Property managers can cut costs by eliminating parking personnel and saving their management team time via parking technology. With PARCS, property managers can increase property revenue, reduce congestion to and from the parking facility, and streamline their parking experience for all tenants, residents, and visitors. Without a doubt, a streamlined parking amenity is something prospective tenants and residents seek and expect.

Learn more about parking efficiency with PARCS and invest in parking technology to prepare for the busy rental period!

2) Heightened Property Security

Maintaining proper security at your property is of utmost importance and something that existing and prospective tenants expect. Another alluring benefit of parking technology is that ParqEx’s parking platform has a state-of-the-art enforcement system that manages, monitors, and enforces all parking operations on the property. The Enforcer App provides property managers absolute control over who can come and go from their property, grants them total real-time visibility of who is on their property at all times of the day, and offers ticketing options straight from within the app, allowing enforcement actions to be taken immediately. With features like mobile LPR, VIN scanning, and smart search, property managers can strengthen their management and heighten their property security. It almost seems like a no-brainer that the Enforcer app is a great avenue to invest in parking technology to prepare for the busy rental period.

Learn more about how the ParqEx Enforcer App seamlessly heightens security and inquire about our enforcement solution today.

3) Guest Parking Amenity

Guest and visitor parking is an amenity that not many property managers can wholeheartedly promise. It is hard to manage, hard to keep track of, and hard to enforce. With over ten years of experience handling guest parking, ParqEx’s GuestParq parking technology has seen it all. With GuestParq being used on the property, the visitor parking platform allows tenants and residents to reserve their guests a parking spot in advance. With host-paid guest parking, guest-paid parking, or authorized guest property access options built within GuestParq, tenants, and residents take complete control of their guest parking needs on the property. Let ParqEx take some stress off your plate and attract new tenants and residents to your property.

Learn more about seamless guest parking with ParqEx and attract the correct type of tenants for your property.

4) Accommodating Fluctuating Electric Vehicle (EV) Needs

If your property still needs to shift to accommodate electric vehicles, now is the time. Have you already made the shift yet need help to keep up with EV needs? You are not alone if you already have and need a hand to meet the evolving and fluctuating EV needs. When prospective tenants who own EVs search for their next place to call home, they expect properties and property managers to meet their EV needs and expectations. Of course, property managers want to meet these expectations. But with daily EV parking challenges like overnight charging, overstaying after full charge, improper use of charging stations, revenue limitations, payment errors, and software issues, property managers can sometimes feel daunted by the task of meeting these fluctuating EV needs. This is where ParqEx encourages property managers to invest in parking technology to prepare for the busy rental period and get ParqEx’s team and technology on-site.

Learn more about EV parking challenges that ParqEx can handle and how we can make your property stand out with all your accommodations for electric vehicles.

That’s a Wrap!

As property managers, you know how important it is to attract the right people to your property. You want the type of tenants and residents that pay on time, add to your community, take care of your property, and are respectful. Yes, you can offer amenities such as an in-unit washer and dryer, valet services, front desk staff, dog relief stations, car wash options in the parking facility, etc., but take advantage of parking amenities. Invest in parking technology to prepare for the busy rental period now! Book a demo with our ParqEx team.

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It is a fact property managers have a lot on their plate. Besides continuously brainstorming ways to lower expenses, save time, and maximize efficiency, they must also prioritize fostering relationships with their tenants and residents. Luckily for property managers and their staff, a lot of self-service technology has lightened their loads and streamlined operations on their property. But, as with many other things, there is a delicate balance between the importance of technology and property managers’ relationships with their residents. So, for the property managers balancing technology and relationships with residents, read ParqEx’s four ways to enhance resident relationships and experience via our self-service parking technology.

Tenant self-management & increased engagement with technology

Undoubtedly, the advantages of self-managed parking technology for property managers are seemingly endless. However, property management is one of many who experience these advantages. Residents directly benefit from parking property management software as well. Some benefits include self-managed profiles, payment management, guest parking reservations, and access control for all access points on the property. Another benefit to property managers and residents is that, like all other self-service technology, the loyalty and satisfaction of the residents increase.

Learn how empowering tenants with parking property management software can help you and your team balance technology and resident relationships!

Fair online reservation system

ParqEx’s self-managed parking technology is multi-faceted in increasing resident satisfaction and user experience. One of which is ParqEx’s fair online reservation system. Many property managers nationwide struggle with an ever-demanding need for parking spaces. In some instances, there are more vehicles than spots available. With our parking lease management module in place, parking allocation challenges can be resolved quickly. By providing fair online reservation systems, property management prioritizes the needs of residents and shows their commitment to maintaining solid relationships in their community.

Learn more about how a fair online reservation system with a parking lease management module helps property managers maintain the balance between tenant relationships and the efficient use of self-service technology.

Accommodating evolving needs

Change is inevitable, and parking operations are also touched by changing and evolving needs. Nowadays, it is more complex than authorized tenants pulling into the parking garage with clickers. With parking facilities being used for Zipcar parking, Airbnb parking, and EV charging and parking, the needs of the property change within the blink of an eye. And, as property managers know, accommodating the community’s needs is priority number one. With ParqEx’s parking property management solutions, such as LPR, Access +, and the Enforcer app, the leaps in parking technological needs are entirely feasible.

Learn more about how accommodating evolving needs can help streamline parking management for property managers while maintaining a fair balance between technology and relationships with tenants and residents.

Using technology to strengthen relationships with staff and residents

Self-service technology does not replace human interaction. Automation improves efficiency, drives lease renewals, increases referrals, and monetizes existing property assets. In addition, it helps foster and encourage human interaction through features like ParqEx’s service gratuity (tip) option. For the property management teams that know how to maintain a community where tenants and residents feel valued, their staff is well-liked. With that in mind, ParqEx’s built-in CRM software allows users to show appreciation and tip their favorite staff members.

Learn more about how technology can help strengthen relationships between staff and residents through features like service gratuity while maintaining a healthy balance between technology and the importance of relationships.

That’s all for now!

Property management is not solely about managing and maintaining properties in your portfolio. It is also about building and maintaining a sense of community amongst all residents, tenants, guests, and staff. And contrary to concerns, technology can help (not necessarily replace or negate)! 

So, to all the property managers balancing technology and relationships with residents, our parking technology can help encourage a sense of community, all while increasing satisfaction and loyalty. Book a demo with our team today, and we will show you how we can improve your parking operations and maintain that delicate balance.

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Five to ten years ago, people considered the benefits of electric vehicles (EVs) for the environment and maybe their pocket, too. Now, when driving down the road, it is guaranteed you will see various types of EVs all around you. People have realized that by ditching their fuel-based cars and adopting the electric car way of life, they are doing their part to minimize their carbon footprint and save themselves a good amount of money in the long run. However, there is still a question about the cost of charging and parking these electric vehicles. Additionally, should there be an idle fee when a vehicle is parked beyond the charging window? Like gas, the EV charging parking cost varies based on location, state, and the EV vehicle’s size. This variation makes it difficult for property owners to decide how to determine fair pricing for parking with EV charging stations.

Property owners: if you seek guidance and general knowledge about how much to charge for EV-equipped parking spots for parking and considering idle fees to deter parkers from overstaying the charging window, you have come to the right place! Read our quick blog on determining fair pricing for parking with EV charging stations.

How much does it cost to charge an EV?

So, we have already concluded that owning an electric vehicle is undoubtedly cheaper than owning a fuel-guzzling car. The easiest way to save money with these vehicles is for EV owners to charge their cars at home with either their Level 1, Level 2, or Level 3 charging stations. But what of the instances where EV owners are away from their homes and need to charge their vehicles? And what about EV owners living in a rental building who must rent parking and need to charge their EVs? How much does it cost to charge an EV in these scenarios?

Public EV charging pricing

There are two ways that property owners determine fair pricing for their EV charging stations.

1. The first way is property owners charge the EV owner based on kilowatts per hour (kWh), billing in cents per kWh. This way is the most standard approach. On average, most property owners who have invested in EV charging stations in their parking facilities have made Level 2 chargers available to their residents, tenants, and renters. Level 2 chargers typically operate between 7-19 kilowatts. As most EVs have about a 68kw capacity, it usually takes an EV anywhere from 4 to 10 hours to charge. 
   • (As ParqEx’s home base is Chicago, IL, we will quickly analyze EV charging costs in Illinois based on battery size. The average electricity cost in IL is 17.43 (cents/kWh). This translates to approximately $2.96 to charge a tiny EV, $11.85 to charge an average EV, and $21.44 to charge a large EV.)
2. An alternative way to charge EV owners for their charging session is to bill for electricity by the minute. This system allows a standardized amount of electricity to transfer from the charging station to the vehicle per minute. This approach is regulated based on differing state legislations along with electric companies.

How much does it cost to park an EV?

We know that parking costs vary depending on location and demand for spots. There will always be a demand for parking spaces, no matter what part of the United States people are in. In the same breath, there is a constant and ever-growing demand for EV charging parking spaces.

For the property owners with EV charging stations on-site, this lack of EV parking supply nationwide serves your benefit. By listing your EV charging parking spot on ParqEx’s parking marketplace, you can determine the cost you will charge for parking, choose between the two options listed above to determine fair pricing for EV charging stations, put time constraints on spaces, deliver notification to EV users who are about to overstay their allotted parking window, enforce violating vehicles with fines directly through the app, and earn revenue off of these charging stations.

So, how much does it cost to park an EV? As a property owner, you can determine the pricing! A common practice in deciding upon parking prices is to see what others charge in the area and build off that. For EV owners seeking parking and charging at your property, bill these users for parking and EV charging!

How to enforce EV charging stations?

Like any form of parking, EV parking also needs to be enforced. There will always be people who violate parking rules and regulations. That is why it is important to have proper enforcement regardless of the type of parking facility you operate. ParqEx’s platform and Enforcer App can help your property management and enforcement team stay on top of it all regarding recurring EV parking charging station violations, like overstaying a charging window.

Over the years, Tesla has even struggled with grievances around enforcing their supercharging stations. So much so that they decided to implement “idle fees.” The Tesla team finally settled on charging a fee of $0.50 per minute to any EV owner connected to a charging station whose vehicle was fully charged. These idle fees served as a quick way to eradicate the recurring issue of EVs overstaying at charging bays.

ParqEx enforces similarly but takes it a couple of steps further. ParqEx will issue two alerts and reminders to the EV owners, informing them they must remove their vehicle from the charging station before receiving idle fees. Additionally, idle fees and any other parking rules these vehicles may infringe upon are issued within the ParqEx app, making the collection of parking fines immediate and hassle-free.

How to determine fair pricing for parking with EV charging stations varies based on location, price of electricity, price of parking, and the charge duration. For property owners that offer charging stations to their community, the bottom line is that these stations are amenities you provide. And like most amenities, they can be a fantastic source of income. Charging EV owners purely based on electricity will not generate revenue; you must also bill for parking.

EV charging and parking come with its fair share of headaches. If your property has faced EV parking challenges such as revenue limitations, improper use of charging stations, overstaying after full-charge, and enforcing EV charging stations, ParqEx & our innovative parking property technology can help. Book a demo with us today!

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