In this presentation, Saurabh Bajaj, CEO of Swiftlane, present various safety challenges to apartment communities, and how modern security systems for apartments are solving some of those problems. If you want us to email you a copy of the full presentation, simply fill up the form to receive a complete PDF copy of the presentation.
What’s the purpose of security systems? Is it to:
- Is it to keep the bad guys out?
- Is it to put a lock on every door?
- Is it about putting cameras all over the building?
Modern security systems should achieve the following goals:
- Make us feel that our loved ones are safe
- Increase safety and peace of mind for residents
- Enable frictionless movement of residents through the community spaces
- Create a sense of community and trust among residents
- Prevent Unauthorized Access for people that are not supposed to be there
- Increase Day to Day Convenience for Residents Through Technology Amenities
Examples of modern amenities
Modern Fob Reader that Provide Mobile Access Alongside Key Fobs
Modern forms of access like Face Recognition Unlock so Tenants Don’t Have To Worry About Forgetting Their Fobs
Emergence of video intercoms allow residents to verify who is at the door before buzzing them in.
And allows modern conveniences that enable residents to open doors even when they are not home
Modern smart locks for units allow mobile and PIN entry, so you can ditch your keys and stop worrying about getting locked out
Package Lockers For Safe And Convenient Delivery of Packages
What modern access control looks like
What modern key fob and mobile access looks like
Operational Improvements to Security Systems
Security system technology is moving away from on premise computers for managing access
Programming key fobs onsite is error prone and time consuming:
- Difficult to learn
- Requires Trips to Server Room
- Easy to forget to revoke a key fob
- Camera footage is not easy to view remotely, and rarely gets observed
- Lack of auditing and reporting
- The list goes on………..
Cloud based access control systems
Proptech startups are disrupting the access control space. Instead of having to run servers on onsite, you can remotely managing access to buildings using a web based interface. This allows companies to manage properties remotely without having to be onsite 24×7.
Modern easier to use interfaces, mean that companies spend less time trying to train staff on operational processes
Cloud based systems can fully automate access for tenant move-ins and move-outs, using integrations with property management systems.
Over the air updates
Building systems can get feature updates remotely through over the air technology, preventing systems from getting obsolete in 2-3 years.
This also eliminates the ongoing costs of truck rolls for managing systems, whenever there is an issue.
Cloud based CCTV Camera Systems
Modern CCTV camera systems can stream footage to remote servers, allowing you to manage security on the go, through any computer or mobile app. Most of the security footage never gets seen because it’s sitting in some arcane server room on a windows computer from the 90s.
Parking management and license plate recognition
With improvements in computer vision and deep learning, now it’s possible to perform intelligent and proactive vehicle and parking management. Security patrol teams can only be in one place at a given time. It’s very hard to detect intruders without throwing more people at the problem. With the newer license plate recognition systems, you can get instant alerts when an unrecognized car enters the garage or overstays it’s welcome.
With improvements in internet speed and cloud based cameras, it’s now possible to have remote patrol 24×7, without requiring large number of security patrol constantly being onsite
NOI and rent gain
Residents want to live in modern buildings. They are willing to pay for it. NMHC conducts an annual survey of over 200,000 residents in apartment communities. Here is how much residents assign as the dollar value to modern amenities (in terms of portion of the rent amount):
There is a lot more to this. If you want to read the whole presentation, just download a copy of the complete presentation. I would love to hear your comments, please link them in the comments section.