Vivint Offers Financing to MDU Owners, Managers to Boost Smart Home Use
Smart home company Vivint launched zero-down financing to help property owners and managers add its technology to multifamily properties “with no upfront cost,” it said Wednesday. The financing offering increases access to smart home technology and “levels the playing field…
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for the multifamily community,” said Tom Few, senior vice president-business development. A Parks Associates report Tuesday cited low consumer awareness in the smart home market and said builder and multi-dwelling unit channels could help boost awareness through installations in model homes and apartments (see 1906250019). “Nearly any property owner or manager can now afford smart home, whether for a new build or to retrofit existing units,” said Few, citing the increasing number of U.S. households headed by renters, including 65 percent of millennials. As the “digital generation floods the multifamily market, owners and managers must look for ways to appeal to more tech-savvy renters,” Few said. Vivint products allow property managers to offer a new level of convenience and security for residents to control lights, locks and temperature; arm and disarm a security system; and view live video and recorded clips “from anywhere.” Property managers can use smart home products to “improve operational efficiency,” said the company: through an interactive dashboard, they can onboard new residents, fulfill service requests and manage vacant units over the internet. Vivint also provides property managers and residents 24/7 customer care and onsite support, it said.