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.

Opt for Mobile App Gate Activation

Choosing mobile app gate activation for multifamily parking lowers costs by eliminating physical access devices. Digital control enhances management efficiency, reduces maintenance expenses, and improves security. This solution aids in minimizing resident parking fees while enhancing convenience, contributing to overall cost reduction.

Display Up-to-Date Parking Map

Providing an up-to-date parking map for multifamily residents reduces search time and congestion. Improved space utilization minimizes the need for excess parking infrastructure, leading to potential cost savings. Enhanced efficiency and resident satisfaction can contribute to lowering resident parking fees, aiding in overall cost reduction.

Rent Your Guest Parking Slots

By renting guest parking slots in multifamily complexes, additional revenue can be generated. This supplementary income can offset resident parking costs, potentially leading to fee reductions. Effective utilization of available parking resources enhances financial efficiency, contributing to overall cost reduction for residents.

Document Vehicles Instead of Tagging

Replacing tagging with vehicle documentation in multifamily parking reduces tag production and maintenance costs. Digital records streamline management, decreasing administrative expenses. This efficient approach enhances overall operational effectiveness, potentially leading to lower resident parking fees, thus contributing to cost reduction.