ParqEx AI Variables and Their Impact on Pricing

Smart Parking SolutionsBy Vivek Mehra April 7, 2024

Discover how ParqEx’s AI-driven Dynamic and Predictive Pricing Platform optimizes parking management by analyzing key variables like demand, time of day, and location to maximize utilization and revenue.

Harnessing AI for Smart Parking Solutions: A Deep Dive into ParqEx’s Technology Platform

Smart Parking SolutionsBy Vivek Mehra April 7, 2024

Harnessing AI for Smart Parking Solutions: A Deep Dive into ParqEx’s Technology Platform ParqEx’s integration of Artificial Intelligence (AI) into its parking technology platform marks a significant leap in the evolution of parking management and security. By leveraging AI, ParqEx enhances the functionality and efficiency of its services, including the Marketplace, Access+, License Plate Recognition (LPR), and Enforcer. This integration not…

3 Tips When Renting Out Your Property

Parking MarketplaceBy Claudia Bechthold June 20, 2021

Renting out your property can be a great way to make more income. Here are 3 tips you should know!

Why Real Estate Should Invest in LPR Technology

LPR TechnologyBy Vivek Mehra November 7, 2020

Why Real Estate Should Invest in LPR Technology The worldwide outbreak of COVID-19 has changed the way that people around the world interact with each other and their surroundings. Now, more than ever, contactless and touchless solutions, services, and business practices are in critical demand. In these times, it is crucial that businesses and…

Real Estate: How Coronavirus Will Shape the Smart Parking of the Future

Smart Parking SolutionsBy Vivek Mehra October 30, 2020

Real Estate: How Coronavirus Will Shape the Smart Parking of the Future In Chicago and across the country, parking dynamics have changed dramatically in the wake of the coronavirus pandemic. Workspaces going virtual as employees work from home to flatten the COVID-19 (a.k.a Coronavirus) curve has caused an increase in the number of vehicles parked…

5 Parking Tips to Help You Rent or Sell Your Real Estate

Parking MarketplaceBy Vivek Mehra October 23, 2018

In a competitive housing market, finding new residents for your real estate can be a serious challenge. Both buyers and renters are constantly comparing amenities and lifestyle perks. This unit has a washer/dryer, but that one has a lovely balcony. But one thing that can help you get a real edge on the competition is…

10 Awesome Benefits of ParqEx SMART Parking Technology

Smart Parking SolutionsBy Vivek Mehra October 17, 2018

According to reports, U.S. drivers spend 17 hours a year on the process of finding a parking spot. 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…

Pets, Pools, Parking, and Perks! 4 Ways to Enhance Multi-Family Living

Smart Parking SolutionsBy Vivek Mehra September 25, 2018

Multi-family living has always appealed to a segment of the population. But, now, that the Millennials have come into their own, it is becoming a wave of the future! Are you ready to ride it? Millennials know what they want and don’t care to settle for less. They don’t want to feel tied down, so home ownership is not high on the…

Multifamily ROI Impacted by Technology Solutions

Smart Parking SolutionsBy PJ Filipowicz August 16, 2018

From cooking and fitness to driving and parking, IoT has found its place in our daily lives, and it would seem IoT tech is here to stay. Fortunately, the changes these technologies have made are pretty incredible and very positive for real estate owners and property management, making it easy to accept such an enormous…


PLANS	PERSONAL Self-managed using the ParqEx platform Get Started	BUSINESS Self managed with some help from ParqEx customer support SIGN UP	ENTERPRISE Manage with help from ParqEx Account Manager & customer support SIGN UP	CONCIERGE Dedicated ParqEx Account Manager will help you setup and manage your account with priority customer support SIGN UP	CUSTOM A custom-solution tailored to your property requirements. Dedicated ParqEx Account Manager will work with you to come up with the perfect solution REQUEST DEMO
Spots	1	4	20	100	90
Users	1	10	50	300	500
Contract & Invoicing	-	1 yr	2 yr	2 yr	-
One-Time Setup Fee Per Access+ device (controls 3 access points)		$ 250.00	$ 750.00	$ 1,000.00	-
Public Marketplace Commission	20%	20%	20%	20%	20%
Internal Marketplace Commission	4.5%	4.5%	4.5%	4.5%	4.5%
Onboarding & Training # of hours included per contract term	-	1	3	5	5
Trial (Pilot)	NA	1 month	1 month	1 month	NA
Seats included # of users that can access the (shared) account	1	1	3	5	5
iPhone, Android & Desktop app
Customer support Email, phone and chat support
ParqEx Account Manager
Notifications
Email alerts
SMS alerts

MARKETPLACE
Manage property, spot & listings
Advanced Settings
Blackouts
Surge pricing
Dynamic pricing
Extended stay configuration & pricing
Lead time
Parking spot sorting & selection Advanced logic to manage the order in which spots get displayed, selected & booked.
Rules
# of bookings per renter per month
# of simultaneous transctions permitted for a user
# of hours a renter can book per month
Payment Processing
PayOnExit Access+ Required
Marketing
Featured Listings
Demand priority planning
Mailchimp Integration
Personalized Campaigns
Monthly Automated Campaigns
Bulk Message Execution
Promotions
Email Marketing
Digital Marketing
Social Media Coverage
Promo materials Custom designed signage: promo cards, flyers, etc. Design only, does not include the cost to print.
Ratings & review management
Competetive Pricing analysis				Annual

INTERNAL TENANT MANAGEMENT
Public versus Private property
Internal tenant management features (Add, remove tenants, assignment& reassignment of spots, ban users from a property.)
Advanced permission management capability (Assign tenants to specific units and parking spots. Allow tenants to rent, list. Manage renting and listing permissions. Allow tenants to control pricing or availability or both for their spot listings at a property.)
Parking spot sorting (Advanced logic to manage the order in which spots get booked)
Rules
# of bookings per renter per month
# of simultaneous transactions permitted per user
# of hours a renter can book per month
Custom Tiered Pricing (For internal, external/public, or special considerations)
Importing And Cleaning Up Your Database		Annual	Quarterly	Monthly
Categorize users by company or custom tags
Access management (Short term, i.e. temp staff, renters, guests/visitors etc.) Access+ Required
Activity monitoring & reporting
Track spot, renters by their unit numbers

ACCESS+
Manage Access Access+ Required
Short term (employees / staff, long term tenants, monthly renters etc.)
Long term (employees / staff, long term tenants, monthly renters etc.)
Advanced Permissions Access+ Required
Manage permissions by spot
Manage permissions by user
Access Log dashboard & reporting Access+ Required
Role based security			available
Property Access Logs Management module			available
Property Access Log for enforcement module			available
Notifications
Request for access notifications			available
Notifications when property is accessed			available

GUESTPARQ
Guest / visitor parking functionality		available
Guest Parking Management			available
Notifications
Advanced reporting (Tenant usage, parking usage, availability, asset utilization and more)			available	available

ENFORCER
Enforce by property			available	available
Do not tow list management			available	available
Violations			available	available
Custom violation types & fees			available	available
Integration with ticketing/towing partners			available	available
Coordination with enforcement partner			available	available
Role based permissions (Enforecement agent, manager and admin)			available	available
Notifications			available	available
Automated Daily enforcement data report for a property via email			available	available

ACCOUNTING & FINANCE
Payout options (ACH, QuickPay, Check, Paypal)
Monthly statement
Detailed monthly statements for tax & reporting purposes			available	available

ADMIN MODULES
Customer Search
Guest Parking Management (Role-based)
Email Logs
Account setup and Management
Access+ Logs (read-only)
Access+ Advanced Logs for Field OPS & Admin
Role based permissions
Read-Only
Manager
Owner
Notifications
Schedule real time, daily, weekly or monthly reports

ONBOARDING & TRAINING
User guides
Knowledge base & FAQ
Videos
In-person training for staff
In-person training & onboarding of tenants/renters
Custom branded training material Property specific: user guides, videos, landing pages, email campaings, KB & FAQs			available	available

ADVANCED CUSTOMER SUPPORT
Developing And Maintaining Your Communication Strategy to tenants/residents
Monitoring listing quality
Managing requests Waiting lists and converting them into renters when parking becomes available

OPERATIONS SUPPORT
Site surveys
Access+ - hardware maintenance Access+ Required	Annual	Annual	Annual	Quarterly	Quarterly
Network check Access+ Required	Annual	Annual	Annual	Quarterly	Quarterly
Signage check Access+ Required				Annual	Annual
	Get Started	SIGN UP	SIGN UP	SIGN UP	REQUEST DEMO

Tag Archives: Real Estate Tech