/Cost-Effective Resident Parking: 4 Ways
Cost-Effective Resident Parking 4 Ways

Cost-Effective Resident Parking: 4 Ways

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.

Make the Move: Mobile App Gate Entry

Implementing a mobile app gate entry system can enhance operational efficiency, reducing the need for physical infrastructure and manual processes. This modern approach lowers maintenance and administrative costs, ultimately leading to a decrease in resident parking expenses for multifamily properties while providing convenient and secure access for residents.

Offer Interactive Parking Map

Introducing an interactive parking map allows residents to visualize available parking spaces and select their preferred spot. This optimizes parking usage and reduces the time spent searching for parking, leading to increased efficiency and satisfaction. Such a solution can contribute to lowering resident parking costs for multifamily properties by maximizing space utilization.

Lease Guest Parking Spots

Leasing guest parking spots to non-residents can generate additional revenue for multifamily properties. By efficiently managing these spaces and offering them to visitors, the property can generate income that can offset resident parking costs, ultimately reducing the overall parking expenses for residents.

Log Vehicles Instead of Using Tags

Implementing a log of vehicles instead of using traditional tags for licensing in multifamily residential parking can reduce costs by eliminating the need for physical tag production and maintenance. Digital logging streamlines management, minimizes administrative expenses, and improves operational efficiency, thus contributing to reduced resident parking fees.