IoT is the acronym generally used to refer to the Internet of Things, which encompasses everything related to the Internet in general. The modern IoT concept, however also applies to devices able to interact with each other. For example, technologies such as smart locks and other “smart” amenities that improve the rental and living experience.

Coral Gables, FL -- (SBWire) -- 11/23/2020 --Nowadays, virtually every modern building system, including heating, ventilation, lighting, and protection, has the technology to facilitate Internet connection and remote management, rendering today's multifamily buildings more economical to operate and maintain and more convenient for tenants. Smart thermostats permit residents to monitor the temperature in their home wherever an Internet connection is present, while smart locks slowly overtake the requirements for keys as residents can enter and exit their residence by simply touching a button. These locks ca go as far as allowing a person to make authorized deliveries and leave packages safely inside the home or unit.

IoT benefits tenants as much as landlords do. These smart devices add considerable comfort for tenants and can boost their quality of life while landlords also benefit. With IoT technologies, lowered cooling costs, faster reaction to repair demands, smoother change of locks when a tenant goes out, making an AI know when a tenant is late on rent can all be encouraged.

About Livo
Livo is a rental optimization platform aimed at providing clients with a robust revenue enhancement tool. With Livo, clients can maximize rental yields, accept and manage multiple offers and offers, and enjoy better retention. Livo targets rentals with the greatest odds of receiving a multitude of offers, and those with the best locations, features, configurations, and more. Please call 833.333.5486 today to learn more.