Multifamily buildings like apartments and condos come with certain facility-wide costs. Maintaining the common areas, grounds, and parking are in everyone’s best interest. But that doesn’t mean your facility maintenance needs to be costly. One way to cut some expense from your budget is to actively improve the way you manage parking. Traditional parking management techniques have worked for a long time, but modern technology has made it possible to upgrade your approach to lighter-weight, more convenient, and less costly solutions.

Switch to App-Based Gate Access

Switching to app-based gate access for multifamily parking eliminates physical access devices. This digital approach enhances management efficiency, reduces maintenance costs, and improves security. By lowering expenses, it can potentially decrease resident parking fees, contributing to overall cost reduction.

Provide Live Parking Visual

Offering a live parking visual to multifamily residents reduces search time and congestion. Enhanced space utilization minimizes excessive infrastructure, potentially lowering maintenance costs. Improved efficiency and resident satisfaction can lead to reduced resident parking fees, contributing to overall cost reduction.

Offer Guest Parking for Financial Gain

Providing guest parking for financial gain in multifamily complexes generates extra revenue, offsetting costs. This supplementary income can potentially lower resident parking fees. Effective parking resource management enhances financial stability, contributing to overall cost reduction for residents while maintaining parking quality and accessibility.

Registering Autos Without Tagging

Registering autos without traditional tagging in multifamily parking reduces tag production costs. Digital records streamline management, decreasing administrative expenses. This efficient process enhances operational effectiveness, potentially leading to lower resident parking fees and contributing to cost reduction.