Multifamily

Security is a top priority in the multifamily industry. Monitoring and controlling access to a property protects owners and their residents from the impacts of violent crime, theft, vandalism and trespassing. The benefits of an effective security, monitoring and access system run deep. “Access control is not just about security,” says Roger Solomon, a senior associate at Trio Advisory Group. The company offers consulting services on access control, video surveillance and other technologies for commercial real estate properties. “Access control is also about ensuring convenience for residents and staff, enhancing the overall quality of life at a community and future-proofing assets against technological advancements,” says Solomon. “The right access control system will add real value to both the property and for its residents.” The type of access control system an owner-operator installs can increase operational efficiency and net operating income, free up staff, reduce costs and lower resident turnover rates. Locks and Keys Still Popular Option The benefits of an old-fashioned lock-and-key system are clear. Mechanical locks are weatherproof and do not require electrical power or Wi-Fi connectivity. Key-controlled locks also are relatively affordable to install.  According to a report from the National Apartment Association (NAA), 53 percent of property management …