Student Housing Business

SEP-OCT 2018

Student Housing Business is the voice of the student housing industry.

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BANDWIDTH & CONNECTIVITY September/October 2018 StudentHousingBusiness.com 72 that smart technology can be very effective in leasing. One of Sin- gle Digits' customers deployed a voice-controlled device across a property and in a model unit. "Of course, prospective residents were intrigued by voice-controlled lighting, thermostats and other devices, but the apartment — not the leasing agent — was actually able to verbally answer questions regarding the community and nearby attractions." Single Digits is assisting some of its customers in figuring out which features will work and which won't. "We're collaborat- ing on this piloting process, where units are priced accordingly based on whether they had smart fea- tures," he says. "The apartments leased, so we can conclude that at least a subsection of residents are willing to pay for them." Apartments with IoT systems offer returns on investments as well as an enhanced reputation. "Over time, communities that employ smart systems will earn the reputation for providing a better housing experience com- pared to communities who don't use these technologies," says Rob- ert Grosz, vice president of strate- gic alliances for Boingo Wireless, which acquired Elauwit Networks in August. "While these systems can cost hundreds of dollars per unit in capital spend, they can yield tens of thousands of dollars per unit in value due to higher economic occupancy," says Grosz. "IoT sys- tems can also impact major asset management concerns like life safety, insurability, resident com- fort and the useful life of capital assets." Some smart-home features don't even need internet. Latch smart access systems, for example, can be fully functioning without an internet connection, storing data locally within each device and connecting locally to mobile devic- es via Bluetooth, says Ali Hussain, COO of Latch. "If a property does have building-wide wi-fi, how- ever, each Latch device in most cases requires less than 3 MB of bandwidth per month. Our part- ners have been able to increase monthly rent by up to 5 percent to 10 percent because of our system being installed in their building." Residents' demands for band- width go beyond basic internet access. These networks have to be strong enough to handle new tech- nology and the constantly increas- ing burden of all the devices stu- dents bring with them to college. "The focus has shifted to pro- viding a strategic part of the build- ing fabric that is capable of deliv- ering multiple current and future services," Marshall says. "Predict- ing the future is always a risky business, but the more flexibility we can build into our backbone and access networks, the more likely we are going to be able to adapt with minimum disruption as these new demands appear." SHB Problems with Internet Network Alligators? Download YOUR protection NOW (888) 288-2587 WWW.CAMPUSTECHNOLOGIES.COM The BEST or nothing. SCAN ME SCAN ME campustechnologies.com/alligators ANDREW MARSHALL CEO, Campus Technologies ROBERT GROSZ VP of Strategic Alliances, Boingo Wireless

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