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Let’s take a look at five different ways you can lower the cost of maintaining the parking for your multifamily buildings.

1) Switch to a Mobile App Gate Opener

Gate openers and garage openers are a hallmark of a well-secured multifamily community. These little devices have been keeping the parking lots and grounds free of uninvited guests for decades. However, ordering and programming a new gate opener for each resident accrues a cost that is either covered by the building or charged to the resident themselves.

Residents also need new openers any time one is lost or broken. A low-cost solution to this ongoing process of ordering and replacing openers is to go mobile. Mobile phones are now able to send an opening signal if the correct app is used. This allows your residents and their registered guests to come and go using their own devices instead of a separate opener.

2) Provide a Live Parking Map

For larger parking lots and garages, keeping track of each specific spot can turn into it’s own challenge. Both for parking enforcement and for new residents and guests looking for their assigned spot. Rather than keeping physical maps or dealing with constant confusion, you can set up a live map of your parking area that can help each person identify exactly the spot they’re looking for.

A live map that tracks parking assignments will make it easier for parking enforcement to know who belongs in which spot. Even new guests if they have made a parking reservation. It can also guide people to their spots, solve parking assignment disputes, and show changes when the map is updated.

3) Rent Out Guest Parking Spots

The best way to reduce the cost of your parking management is to make a little profit. If you have more spots than your residents and regular guests can use, then consider renting a few extra spots to people who need parking nearby. While this may have led to a security fiasco in the past, today’s mobile technology makes it possible to rent specific parking spots, and then only open the gate to the person who reserved the spot.

A mobile app can then guide parking renters directly to your rental spots, reducing the chances that they will try to park in a spot reserved for regulars. This is an excellent opportunity to make a little operating capital back from your parking area and keep careful track of who is parking near your facility.

4) Repaint the Lot with Numbered Spots

Old and indistinct parking spaces are a surprisingly frequent cause of problems. If two residents or guests disagree on which parking spot is assigned, disputes can arise. One of the best things you can do for your parking management, especially during other upgrades, is simply to repaint the lot. Every separating line should be painted over and brightened. Handicap spaces should be clearly marked.

We also strongly recommend numbering your spots. A live map is twice as effective if residents and guests can match an assigned spot with the exact number of a spot in the real world. You might also consider color-coding your painted areas to clearly indicate which spots are for residents vs guests vs parking renters.

5) Register Vehicles Instead of Tagging

If you are spending money on parking tags distributed to residents, you can stop. Managing your parking through an app allows you to register specific vehicles that belong to each person cleared to park near your facility. Windshield tags don’t transfer easily, making the app more convenient for people who trade cars or temporarily use a rental.

The app will track their make, model, color, and license plate so that you can easily compare the booked vehicle to the one in each spot. This makes enforcement easy. And if someone needs to change cars, they simply update the information in the app for their assigned, reserved, or rented spot.

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Updating your parking management technology is the key to lower cost overall. By renting parking spots in a busy neighborhood, posibly even during specific hours, you may even be able to turn a few parking spots into a profit. For more information about how to reduce costs and increase ROI for your multifamily properties, contact us today!

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On top of it, your guests may have to pay a huge parking fee.

How do you go about amending this problem so you create visitor parking without so many inconveniences? Take a look at three commonly related problems and a solution using GuestParq.

1. Parking Far Away in Bad Weather

The last thing you want is to force your guests to park blocks away when the weather is terrible. We all know to park in big cities like Chicago is often a nightmare. During the winter, the weather can also become treacherous.

Perhaps some of your guests understand the situation and just put up with it. They shouldn’t have to, especially when they’re coming to a major business gathering in your apartment. No one wants to have to walk half a mile in torrential rain or snow.

This could also become dangerous if they have to walk in icy conditions. Some of your guests could potentially fall and injure themselves.

Our app, GuestParq, is a smart parking app through our ParqEx platform.

Using GuestParq, you’ll be able to help your guests reserve a parking place either in your apartment complex or within close proximity.

2. Forcing Your Guests to Pay High Rates for Parking

Did you know cities like Chicago (and similar big metropolises) usually overcharge for parking? It’s a big problem many people complain about, though never finding solutions.

Parking meter revenues in Chicago continue to rise, according to recent reports from the Chicago Sun-Times. Obviously, this leaves your guests with a major predicament when coming to visit you.

Think of the sour taste this leaves if you have family and friends coming to visit your apartment for the holidays. Just imagine how much this would cost them merely to visit for a few days or for a one-night party.

You don’t have to worry about this anymore when you use our GuestParq app. We make it easy for you to reserve under-used parking spaces within your apartment’s property. These parking spaces won’t have exorbitant fees visitors pay when parking in other locations within the city.

3. Lack of Security in Other Parking Lots

Statistics from the National Safety Council show that parking lots still experience major accidents and crime, particularly during busy times like the holidays. Your guests being forced to park in a strange place could mean them experiencing crime, or potentially hitting someone from being unfamiliar with the area.

All of these scenarios could lead to devastating outcomes you may feel responsible for due to inadequate parking.

One of the great features of GuestParq is it provides the security you need when reserving parking. Even with those reserved spaces, anything could happen.

Thanks to security cameras, you can use your mobile device to check in on what’s occurring in your reserved parking spaces. Our technology is always on and cloud-hosted so you can access security cams 24/7, no matter where you are.

You’ll also know exactly who’s parking in your reserved parking area. Someone else might take those places without permission, hence giving you a chance to amend the situation before your guests arrive.

Contact us at ParqEx to learn more about our self-managed parking solutions for parking owners, renters, guests, managers, and communities. We’ll show you how to implement our app for yourself as a renter, or as a building owner.

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And it’s not just drivers who lose out when it comes to parking: property managers and real estate owners miss out on the serious potential on underutilized or poorly-managed parking lots. By harnessing streamlined technological solutions to parking headaches, 10 Awesome Benefits of ParqEx SMART Parking Technology offers to property managers, enforcement agencies, drivers, and guests:

1. Easy to manage

Whether you’re a developer or a Property Manager, ParqEx SMART Parking Technology makes the entire parking management process simpler and more streamlined. The ParqEx app allows you to easily control your parking spaces.

How many spots are available? How much does each cost? How long can each renter park in a spot? All of these can be controlled with this easy-to-use parking management software, freeing up your time for more pressing concerns.

2. Simple Revenue Stream

People will pay for parking. A recent article in Forbes broke down parking-related spending in major urban centers. In San Francisco, the average driver spends up to $2,800 in parking fees yearly, while in Los Angeles, the average driver spends $2,405.

Commuters consider parking fees part of their total vehicle costs. If you own real estate spaces that are underutilized due to improper parking management, ParqEx can help you take advantage of the money that consumers are willing to spend as part of their commute.

3. Paperless Passes

The ParqEx app allows you to keep things civil by easily messaging a renter who’s overstaying their original time limit. You can easily offer them a chance to renew their spot for more money with just a few clicks on the app.

In addition, the ParqEx suite allows for paperless passes for visitors. This way, you can eliminate the need for physical passes by having all of the ticketing information remain on the digital platform. Easily keep track of how long they have overstayed their time and who needs a reminder using ParqEx technology.

4. Environmentally Conscious

It goes beyond paperless passes. The vision of ParqEx SMART Parking Technology is to utilize all of the already-there pavement in crowded urban areas that aren’t getting any use. Why cut down more trees to make additional parking lots when many real estate owners already have readily available spots?

By offering a simple, easy-to-use parking management software, you can help decrease wasted space and make our resources work harder and more efficiently.

5. Technologically Secure

Renters, owners, and managers can rest assured that their information is secure on ParqEx’s cloud-hosted technology. ParqEx takes personal and credit card privacy very seriously and offers a secure, password-protected access to your account. And because it’s cloud-hosted, you don’t have to worry about reliability —it’s an “always on”     technology that will meet your needs.

6. Physically Protected

The Enforcement app is a dream come true for Property Managers and Enforcement Agencies alike. It allows you to monitor which vehicles are supposed to be in your lot at any given time —and which vehicles aren’t. This allows you an easy, real-time way to monitor your lot without all the hassle of printed tags or passes.

7. Convenient Access+ Entry

Take convenience to a whole new level with the Garage Door Opener, which is seamlessly included in the ParqEx app. This means that you don’t have to give out a secondary device to every guest that wants to access garage-only parking. And for renters, this offers a one-click way to easily access garages.

8. Compatible Across Devices

A report in IMPACT highlighted that 83% of mobile users think that it’s pivotal that their experience across devices is “seamless” as possible. ParqEx SMART Parking Technology recognizes the importance of compatibility to users, so offers a cross-platform experience. From iOS, Android, Windows, desktop, and more— this parking technology allows users a seamless experience.

9. Easy Access Management

Although you’re welcome to use them if you’d like, this parking solution doesn’t require you to purchase or use decals or QR code readers. This leads to a simpler and easier-to-manage solution that requires a simple technology to operate.

By installing ParqEx’s “little black box” into the pre-existing systems at your property, you can eliminate the need for a QR code reader or any other devices. With ParqEx’s technology, everything you need to monitor and control parking is in the palm of your hand.

10. Convenient & Collaborative

One of the best things about smart parking technology is that it allows for smoother and more collaborative engagement. For example, it allows guests to easily transfer spots to one another. It allows residents to use GuestParq to reserve spots for guests to eliminate confusion.

This parking software allows renters to reserve spots in advance that suit their needs. It makes it simple for renters to keep a personal profile updated, making for a streamlined parking experience every time. All in all, it can help create a simplified experience that allows all involved to make decisions on their parking needs.

The secure and convenient software behind ParqEx SMART Parking Technology allows for a more streamlined and smooth process for everyone involved in the parking transaction: property managers, renters, guests, and even enforcement agencies.

If you’re interested in scheduling a demo, reach out to us today.

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The Challenge

Many buildings, especially those with parking garages in busy areas, find that they have two key problems with it comes to parking violations.

Problem #1: Unauthorized individuals park in guest spaces. They don’t live or work in the building. They aren’t visiting people there. Unfortunately, that isn’t stopping people from parking in them. It’s hard to tell where those unauthorized visitors are coming from, and it’s even harder to catch them in the act!

Problem #2: Guests are staying far longer than they’re supposed to. They’re authorized users, but their cars just sit there, hour after hour. Maybe a car is left sitting there overnight, or maybe it just lingers there for far longer than it should, based on the number of time guests spend in your building.

Residential parking violations often result in frustrated tenants, residents, and guests. The people who really need to use those parking spaces are angry because they can’t–not to mention the fact that if someone else isn’t following the rules, they don’t understand why they have to! Parking garage violations are particularly problematic because it can be difficult to access those spaces or even to see what’s happening with the space until you’re inside the garage itself. Unfortunately, it can be extremely difficult to track what vehicles are authorized!

The Solution: ParqEx Enforcer

ParqEx Enforcer offers you the chance to enforce your parking space rules and ensure that you’re able to better manage your parking spaces in general. Here’s how it works:

You control who’s able to access the lot. Building residents can choose to let you list their spaces for rent, or they can do it on their own–or they can keep their spaces to themselves! This way, you’ll be able to control the availability of spaces in your parking garage more effectively.

You can offer digital “garage door” opening. No need to provide a physical item, which can leave guests struggling to park if it gets lost. Instead, opt for a digital parking pass that will let them straight into the parking garage–and limit their use according to your specific requirements.

You can see which cars are supposed to be in the lot and which ones aren’t. Know at a glance which cars are associated with which resident–and which ones do not belong to anyone in your building. As a result, you’ll be able to easily hand out parking tickets and fines if needed, all without disturbing your residents.

Work with any platform you like. ParqEx Enforcer is designed to work with a range of other platforms, allowing you to integrate it easily with other platforms and devices.

Use paperless or paper tickets depending on your preference. How do you want to issue citations to guests who have overstayed their welcome? You have the choice of paperless or paper tickets at your convenience.

If you want better parking security for your apartment building or other multifamily dwellings, don’t wait! Parking lot abuse quickly grows frustrating for both you and your tenants. Schedule a demo or call today to learn how we can transform your building parking needs, provide better parking lot security, and make it easier for you to manage your parking. Enforcer has the potential to make all of your residents’ lives easier.

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1. Parking

Parking is a problem for many buildings, especially older ones that may have been built before everyone had at least one car if not two. While most complexes list parking as an amenity, the truth is that residents and tenants often have to deal with insufficient parking and a lack of guest parking, especially overnight. Residents who rent a car as needed often cannot park on the property. One solution is to offer multi-family smart parking, which allows you to better manage the parking you have, letting residents book guest spots in advance, open the gate with their phone, etc. Being able to avoid saying “Well, you can park on the street” can be a perk not many think about until it is brought up. Add a few electric car charging stations (with a smart system to reserve them when needed) and you can turn parking from a side note to something central to your business.

2. Hotel-style common areas.

Residents expect to be able to make use of common areas in new ways, especially if the apartments tend to be small. Offering comfortable seating is a plus. Offering computers for resident use has become standard, but you can get “bonus points” for enclosed workstations. Large screen televisions can attract residents and promote a sense of community. Offering events for residents and their guests can help ensure that these areas are used. The best location: The lobby. Top floor party rooms are great, but residents tend to forget they are there. If your climate allows it, outdoor “rooms” are important, such as roof decks or courtyards. Such multi-family amenities should be targeted to the demographic you aim to support.

3. Wi-fi.

These days tenants, especially younger residents, expect to be able to access fast, reliable wi-fi in common areas. This even includes outdoor areas. Wi-fi is at the point of not being an “amenity” so much as an “expectation” that landlords need to meet. If your building is a cave, then good wi-fi becomes even more important and you might also want to consider installing cell relays in problem areas.

4. Pet amenities.

Although some buildings are still anti-pet, in many areas being pet-friendly is something of a selling point. However, it has to go past “we allow pets.” If you have space, a dog park is useful. So is partnering with a dog walking service. Even small things like a jar of dog treats in the lobby will make your four-footed residents, and their owners, feel more welcome. A less common, but growing amenity, is the pet spa, a place designed for grooming and bathing pets. Furthermore, pet amenities often allow you to increase your rent more with a lower outlay.

5. Fitness centers.

Even if there is a gym down the street, some of your residents will use the on-site fitness center. More importantly, most of your new residents will think they are going to use it. Apartment fitness centers now have to go past putting a couple of treadmills and a multi-gym in the basement. Attract a fitness-minded demographic with a multi-purpose room that offers yoga and pilates classes, video classes for yoga, dance fitness and spinning, and modern equipment. Also, a lot of renters are interested in things like racquetball or tennis courts, walking trails (if your property borders a good trail, make sure to provide access) and other non-standard fitness amenities.

6. Excellent package managing.

More and more people shop online and receive packages. Having proper package storage and smart software will help reduce the number of annoyed residents. Although package handling may not be on the list of multi-family amenities you put front and center, with 47 percent of renters receiving at least three packages per month, including perishables, not having good package handling is likely to result in poor reviews and a higher turnover. Negotiating for an Amazon locker is one good move.

7. Sustainability.

Younger tenants want to know that their apartment building is sustainable. Green roofs and energy-efficient appliances are both particularly popular. For new construction, try to meet or exceed LEED standards. When renovating, consider how you can make the building more energy efficient (which also gives the selling point of lower heating and air conditioning bills).

When developing or running an apartment building, you need to provide the best multi-family amenities to your residents. If you are looking for smart parking solutions for your apartment building, Schedule a Demo/Call today.

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As rapid innovation continues with IoT technologies, the results of their combined use are yet to be fully understood. The reverberations of the shift, though, will be felt as an after effect of the sweeping change, the transformation from outdated legacy systems, modes, methods, and tools – to innovative online software solutions in the cloud.

Smart cities are being developed by many individual companies using separate systems that communicate with each other. 

Market Analysis and Knowledgeable Research

One of the most challenging and logistically confusing daily tasks is parking. Traveling around in cities or unfamiliar neighborhoods, drivers are wasting valuable time and money trying to find the ideal parking spot. At the same time, the home parking garage is still a piece of equipment that has yet to fully be integrated into the digital home.

Whether you’re booking your spare bedroom or an entire investment property, where your guest’s park can make a big difference. Garage space provides a protected and homey welcome, but you don’t just want to leave your garage door hanging open until your guests arrive or make them call you to open it.  Multifamily residents currently rely on a non guaranteed reservations for a spot within their garage or guest parking is not even available at the community. Residents also find having to exchange a fob or provide a parking sticker as a means of validation. IoT technology is working together through the innovative cloud and mobile solutions, in order to solve complex logistical issues. The agility and flexibility being offered by the cloud are far preferable to, exclusively, on-premise logistical solutions. 

IoT technology is working together through the innovative cloud and mobile solutions, in order to create business opportunities and solve complex logistical issues. The agility and flexibility being offered by the cloud are far preferable to, exclusively, on-premises logistical solutions.

Sights On The Future of Real Estate Tech

The IoT is always involved when speaking about smart anything, and almost all technology is smart at this point. Smart parking garages are using monitoring devices to detect vacant spaces, then automatically sharing the data to their own systems and any specified partners.

For instance, the parking garage business may want to automate real-time updates of vacancies to the city’s tourist guide mobile app, or event centers’ apps might want their customers to have access to available spaces.

This isn’t to say that all hardware, paper, and analog systems will be completely eliminated, rather, they’ll be reduced and minimized. SaaS, PaaS, and emerging subscription software are allowing SMBs to streamline, expand, and improve the quality of their work and production – this is hard to ignore. Technology is promising to be the best solution for overcrowded city streets, in the U.S. and worldwide.

Competition in this space has generated an increased awareness from the real estate owners and the providers of these technology stressing their importance for growth. The Future of Real Estate Tech continues to push VC’s and startups in this space for a multitude of reasons. No one has found the key to Pandora’s box at this given junction, leaving the door open for challengers to propel the groundwork needed for the sector’s continued growth and development.

Property Management and Residents Look For Education

The real estate community is using technology in ways that make sense for residents. The advantages and opportunities that innovative cloud and mobile technologies offer are promising to solve parking woes and boost the local economy at the same time. Before, solving parking woes would have meant building more parking spaces, which means cities and/or businesses had to spend money, therefore making taxpayers and consumers pay for it.

The IoT, in relation to smart cities, is the technology and online systems being used to create innovative solutions and solve complex logistical issues, such as parking. For instance, parking spot sensors are being used by parking garages and city governments, in order to inform drivers of vacancies (and owners of non-compliance) and navigate them to the spot – all through their smartphones. Technology and the IoT have even shown to play a positive factor on individual health.

Essentially, what makes IoT technology so powerful is its ability to communicate and integrate with other systems and technological solutions within a city or community. Using cloud and mobile computing technology, combined with the nearly universal rate of smartphone usage, the IoT is creating innovative solutions not possible before. Closing a garage door from across the world through a mobile app is a good example.

Listen To The IoT Parking Expert

Katie Williams recognizes the lack of movement and innovation within the real estate realm. IoT within the private parking/ multifamily properties are newly discovered and emerging – there is a need to revolutionize and disrupt the current trends and inefficiencies with smart real estate technologies and smarter parking.

Katie realizes there is an underutilization of parking assets in the Chicago and surrounding markets. This is evident by poorly managed private garages offering ease of resident-guest experience or lack thereof. She looks to educate multifamily owners, residents, and property managers on the hidden value of their parking and how IoT technologies serve as a tool for the space. They provide an additional amenity in a space that is always searching for the next best thing, with a value-add to aid in boosting their ROI and bottom lines.

Please reach out to Katie if you would like additional information on how these IoT solutions can help your property today!

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Finding parking for guests when you live in a condo or multi-family home the guest parking challenge is one that always comes to mind, especially if you don’t have adequate space. Many times, you find yourself trying to sneak guests in. Your next door neighbor isn’t usually home at this time, right? That parking space down the parking lot isn’t in regular use…you think. Unfortunately, even with your best efforts, your guests may find themselves needing to move their cars midway through their visit–or worse, there may be no parking when they arrive. Fortunately, there’s a solution: ParqEx’s GuestParq feature. Thanks to GuestParq, you can find parking spaces for your guests before they arrive.

Take Advantage of Unused Spaces in Your Lot

When your neighbors use ParqEx, you won’t have to worry about whether or not they’re going to suddenly appear to get their spot back–or worse, that your guests might end up having their car towed. Instead, you can simply hunt for spaces throughout the condo parking lot on GuestParq. You’ll be amazed by how many of your neighbors don’t use their extra spaces–or, in some cases, don’t use their parking spaces at all. With GuestParq, you can connect with them easily, using their parking spaces for your guests. They get paid a small stipend; you get convenient parking for your guests. It’s a win all the way around!

Find Ideal Spots for Your Guests

Sometimes, there’s just not a spot in the lot, no matter how hard you try to find one. Perhaps you live in a multifamily dwelling with too short a driveway to allow for extra cars. Whatever the case, you need to be able to find a decent parking space before your guests arrive–and they seem to be in incredibly short supply! Thanks to GuestParq, you can quickly and effortlessly find spaces near your home that are perfect for your guests. It’ll be the last time you have to worry about the neighbors bursting in and complaining because your guests have accidentally blocked their parking spaces, or worse, borrowed them.

Get Spots Tailored to Your Needs

Not everyone has the same level of comfort when it comes to pulling into a parking space, especially if you’re in an unfamiliar area. Are your guests looking for a parking space with plenty of room to get out? Do they need extra room for a large vehicle or to help unload the kids? Some guests may feel more comfortable with a parking spot in a well-lit area, especially if they’ll be walking alone to their cars when your event is over. Thanks to ParqEx, you can easily flip through pictures and descriptions of the parking space, allowing you to determine which spots will be a great fit–both literally and figuratively.

Rent Out Your Unused Spaces

Do you have an extra parking space that you aren’t using at your condo? Do you have the perfect parking space tucked away just down the road from a multifamily dwelling? If you have a parking space that you aren’t using, why not turn it into extra money? Just snap a few pictures, create a listing on ParqEx, and voila! Before you know it, you’ll have extra money coming your way.

If you want to learn more about ParqEx and how it can transform your ability to park in the city, whether you’re parking outside a condo or down the street from the must-see event of the year, Schedule a Demo Today! You’ll discover a wealth of possibilities, including the convenience of an app that will streamline parking no matter where you are in the cities we cover and make it easy for you to earn extra money on a space that you aren’t using.

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Echo

The dominant player in the smart home tech sector is Amazon’s Echo, nicknamed “Alexa” because that is the voice command to activate the device. This unit allows users to search, buy products, listen to music, get weather and much more just through their voice.

Additionally, through its smart apps and integrations, the product integrates with the entire home. Consumers can turn on lights, adjust the temperature, run the dishwasher and much more. Amazon has recently unveiled an Echo with a screen that allows videos and visual search after the voice command.

Smart Kitchen and Drop Scale

The connected kitchen has long been a dream of homeowners. Imagine turning on the coffee maker or the toaster from your phone or by voice command while still in bed. That makes the morning much more pleasant. Many companies are now developing and launching these items including Samsung, GE and Kenmore.

For example, Drop has introduced a smart scale that integrates with Amazon Echo and Google Home devices. The scale can be controlled by voice to turn on and off. It automatically weighs the food and matches it to a recipe you are working on. The scale can determine if you are over or under the amount prescribed in the recipe. This removes the cook’s anxiety of getting the recipe wrong.

Parking Devices

One of the most challenging and logistically confusing daily tasks is parking. Traveling around in cities or unfamiliar neighborhoods, drivers are wasting valuable time and money trying to find the ideal parking spot. At the same time, the home parking garage is still a piece of equipment that has yet to fully be integrated into the digital home.

However, ParqEx has developed a unique and innovative system for parking garages with their solution to smart home tech new innovations. From a mobile device, users can open garages for themselves or others. The system for the user to enter the garage is called Access+. This makes life much easier because you do not have to get out of your car or worry about a ticket. You also know the pricing clearly and can pay through your phone.

Similarly, GuestParq allows the user to open a garage or gate for a guest. In this case, the user may be opening their home garage to a guest that would ordinarily not have access. This makes life much more easy and convenient for the user.

Nest

The Nest kicked off the era of smart home tech. This beautiful device automatically adjusts the temperature in the home based on personalized settings and can be controlled by a smartphone. Google’s multi-billion dollar purchase of this company put additional fuel in the company’s growth. It is a core part of the Google system and works perfectly with the new Google Home device.

Today, Nest is a symbol for all things smart home technology including advanced home video recorders, lighting, doorbells, locks and fire detectors. Additionally, there are thousands of devices that may integrate with the Nest platform to create a comprehensive home management system.

ParqEx is a leading smart parking software platform which helps drivers find ideal spots while saving time and money. The Access+ and GuestParq features allow drivers to open gates and garage doors from the convenience of their smartphone as well. For more information, please contact us.

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