SmartRent

What it does

SmartRent is an IoT and smart home platform for residential property management - providing smart locks, thermostats, sensors, and connected devices for multifamily apartment communities alongside property management software for access control, self-guided tours, and utility management. AI capabilities include AI-powered self-guided tour automation that enables prospects to tour units without leasing agents through smart lock access and guided digital experiences, intelligent access control that manages resident, staff, and vendor access through connected smart locks, ML energy management that optimizes HVAC settings in vacant units to reduce utility costs, predictive maintenance that detects issues from IoT sensor data before residents report them, and property analytics that surface occupancy, energy, and maintenance trends.

Strengths

• Mid-market apartment operators use SmartRent for smart home technology - AI self-guided tours reducing leasing agent workload and IoT energy management reducing utility costs in vacant units.
• Large multifamily REITs and national apartment operators use SmartRent for enterprise smart building technology - AI access control across thousands of units and predictive maintenance reducing maintenance response costs.
• SmartRent is an IoT and smart home platform for residential property management - providing smart locks, thermostats, sensors, and connected devices for multifamily apartment communities alongside property management software for access control, self-guided tours, and utility management.

Watch-outs

• Smart home hardware investment required alongside software: SmartRent requires installing smart locks, thermostats, and sensors across apartment units — the hardware installation cost and logistics add significant investment beyond software licensing.
• Multifamily residential real estate specialty: SmartRent is built for apartment communities — commercial real estate, single-family, and hospitality have different smart building requirements and better-suited platforms.
• Competes with Latch and Brivo for multifamily smart access: Latch and Brivo offer competing smart access control for multifamily — operators should compare hardware quality, software feature depth, and property management system integrations.

Pricing

SmartRent pricing per unit per month. Hardware priced separately. Not published. Mid-market and enterprise contracts negotiated. Annual contracts.