Parks Associates New Research Reveals MDU Property Interests

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Parks Associates’ latest research finds a high interest in energy systems and services among MDU property owners and managers.

Parks Associates will present multifamily housing research at two upcoming events, including this week at Apartmentalize, hosted by the National Apartment Association, following by the Smart Spaces virtual session “Smart Living: Attracting and Retaining Residents” on July 23.

  • At Apartmentalize, Jennifer Kent, VP, Research, Parks Associates, is speaking on the session “Seamless Connectivity: Where in the WiFi is Waldo?” on June 21, in Philadelphia, PA, starting at 1 PM.
  • Kent and Kristen Hanich, Director of Research, Parks Associates, will host the virtual session “Smart Living: Attracting and Retaining Residents” on July 23, 11 AM CT, featuring a visionary keynote from Thomas Stanchak, Managing Director of Sustainability, Stoneweg US. Then a panel discussion will cover smart living solutions, from automated home systems to AI-driven amenities, and their impact on resident satisfaction and loyalty.

Parks Associates’ latest research finds a high interest in energy systems and services among MDU property owners and managers, with 69% showing interest in a backup power service and 56% showing a high interest in a generator for backup power during outages.

“Smart building solutions can create innumerable benefits to multifamily properties, provided the deployment and ongoing support are planned correctly for each property,” said Elizabeth Parks, President and CMO, Parks Associates. “These discussions with key executives and stakeholders at Apartmentalize and Smart Spaces are key to share case studies, consumer research, and best practices so that we can maximize the potential for smart solutions in the MDU space.”

Parks Associates recently released the white paper “Smart Tech for Multifamily Properties: Understanding ROI,” in partnership with SKBM, with insights from interviews with leading multifamily owners, operators, and management companies. In this white paper, properties report a 20% efficiency boost and 10% fewer maintenance requests after installing smart door locks and electronic access control systems.

Parks Associates will host sessions for the second annual Smart Spaces: Apartments, Hospitality, and Community Living throughout 2024. The in-person conference takes place September 24-25, 2024, at the Renaissance Dallas Richardson Hotel in Richardson, Texas, with virtual sessions on March 21, July 23, and December 12. Smart Spaces sponsors include ADT Multifamily, Vantiva, Nice, Cox Communities, Xfinity Communities, Kwikset, Homebase, Calix, Dojo Networks, and Salto.

To schedule an interview with an analyst or to request specific data, please contact Mindi Sue Sternblitz-Rubenstein at mindi.sue@parksassociates.com or 972-490-1113.

Member Call-for-Action – FCC Ruling

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Call for Action

The Alarm Industry Communications Committee (AICC), a committee of The Monitoring Association (TMA), is requesting your help in this survey to protect your company’s interest in Internet communications in a proceeding now before the Federal Communications Commission (FCC). The FCC is once again considering, after several attempts, rules of the road for broadband Internet access service (BIAS) providers which are fair to industries that use the Internet, as the monitoring industry does.

These BIAS carriers are the companies with whom you contract for Internet service, and which allow the transmission of information and access to third party websites like YouTube. Importantly, quality of Internet service directly impacts the quality and speed of video transmission, which is an integral and growing aspect of alarm monitoring.

Please answer the following questions to the best of your knowledge. If you do not know an answer, simply indicate so. If this has occurred more than once, describe the one you feel impacted your company the most. Your company’s identity and specific responses will be kept confidential and will not be disclosed to third parties, including government agencies, without your permission.

Your time and attention are greatly appreciated. If you have any questions or comments, please contact Ben Dickens (bhd@bloostonlaw.com, 202-828-5510) or Sal Taillefer (sta@bloostonlaw.com, 202-828-5562).

AICC BIAS Survey

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FAST Launches 2023 Compensation & Benefits Benchmarking Study

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The Foundation for Advancing Security Talent (FAST) is today launching the 2023 Security Industry Compensation & Benefits Benchmarking Study.

This survey “will provide invaluable insights into salaries and benefits across the security industry, empowering decision-makers to recruit, hire, and retain top talent effectively,” according to the foundation announcement.

“The security industry plays a pivotal role in safeguarding our communities and businesses, and understanding compensation and benefits trends is crucial for its continued growth and excellence,” the FAST announcement says.

“FAST, in collaboration with prominent industry partners such as the Security Industry Association (SIA), Electronic Security Association (ESA), PSA Security Network and Security Sales and Integration, is committed to providing the most comprehensive and accurate data possible.

Inside the Survey

Key highlights of the 2023 Compensation & Benefits Benchmarking Study include:

  • Industry-Wide Focus: This study encompasses both security manufacturers and integrators, offering a holistic view of the industry’s compensation landscape.
  • Standardized Data: Standardized job titles and descriptions enable direct comparisons of compensation data, allowing businesses to make informed decisions.
  • Advance Access: Participating organizations will gain access to a sneak preview of the survey results before the full publication, giving them a competitive edge.
  • Complete Confidentiality: Individual responses will remain confidential, with only aggregated data being published to protect participants’ privacy.

FAST invites all industry stakeholders to actively participate in this essential initiative. By contributing your insights and expertise, you can:

  • Assess compensation structures within your organization
  • Attract and retain top talent by aligning with industry compensation benchmarks
  • Make informed, data-driven strategic decisions

Complete the survey by Friday, Oct. 6 using the instructions provided by FAST’s survey partner, Vault Consulting. The survey may take one to three hours to complete.

“Widespread participation ensures the quality and reliability of the data, so your contribution is vital,” the FAST announcement says.

TRG Associates Releases 2021 Industry Annual Attrition Study

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TRG Associates’ John Brady shared highlights from his Industry Annual Attrition Report in TMA’s 2022 Annual Meeting’s first session on Nov. 1st. He opened by stressing the importance of knowing why your customers are leaving.

In 2021, RMR for participating companies reached a record $784k with “moved” jumping to the second position in the ranking of reasons customers left.

John announced the December 2022 launch of a new series of quarterly webinars on attrition. Look for details coming soon!

View and download your copy of this year’s study at http://trgassociates.com/attritions/

If you’re interested in taking part in future studies, please contact TRG Associates.