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IOTAS Vice President of Marketing Matt Greene said the company’s smart-home technology platform is designed specifically for the rental market. It is in about 40 U.S. and Canadian markets — both new construction and retrofits. Smart apartments go beyond thermostats and door locks, reaching into many other areas, such as leasing, Greene said. Automated, online leasing options likely will increase in the future, he said. “A lot of people want to look at apartments … after they get off work and their kids are asleep,” he said. Technology can allow for ID screening and building access without the need for a leasing agent on-site. Interested renters can make a deposit immediately via a smartphone app. “You are going to see efficiency coming along [in leasing] because you can now streamline what’s being said, how it’s being said, who it’s being said to and customize that experience strategically across all your properties,” Greene said. Augmented reality and 3D tours will redefine how properties are shown and more people may decide to rent without physically visiting a property.

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