Valet Living Home and Torch Fitness by Valet Living are driving tech-enabled amenities that are taking multifamily living to the next level.
Innovation & Tech Today/ Fall 2019/ Patricia Miller — Today’s apartment are more modern than ever, often boasting built-in smart tech and full amenities from gyms and pools to arcades and bowling alleys. But the luxury doesn’t have to stop there. New technologies are taking apartment living to the next level. Hate taking your trash to the dumpster? There’s a service for that. Cumbersome Amazon packaging filling your recycling? There’ a service to collect that too.
Why do renters need dog yoga, smart lockers, or a chef pavilion when just a few years ago a pool and a gym were the pinnacle of apartrnent luxuries? Perhap it’s related to the growing number of high-income renters. In 2017, more than 19 percent of Americans making six-figure incomes were renting their home. That’ an all time high, according to Harvard’s Joint Center on Housing Studies.
With all the demand for upgraded amenities, it’s no surprise developers are looking for app based solutions to add value for their renters. Pet owners are increasingly using services like Wag! or Baroo to take care of their furry friends while they’re away from home. Other platforms like Owello or Amenify offer the ability to pay one’s rent through an app or request cleaning services on demand.
Home concierge services are also a popular option, offering a variety of home delivery services ranging from groceries and laundry to prescription drop-offs. Concierge startup Hello Alfred, for example, offers cleaning services, electronic installations, and pct care though one platform.
Valet Living, a well-established concierge service, offers everything from garbage removal to in-home fitness classes. They’ve partnered with TV personality and fitness expert Jillian Michaels to bring fitness classes and app-based training courses into your home.
Michaels said of the company, “Fitness needs to be a part of our everyday lives, so making it available within the comfort of a multifamily development is a perfect fit.” she continued, “Valet Living Home is going above and beyond the standard gym amenity, bringing group fitness classes to communities that enhance the everyday lives of residents and help case their busy schedules. Other apps allow residents to view live video of their community so they can see if the poolside barbecue is available or check on their car in the parking lot (though this could raise some privacy concerns). One could also manage a visitor guest list, alerting the front desk to expected arrivals in real time. The front desk can also use apps to send notifications to residents. Whether it’s a package delivery or a facility closure, properties can automatically alert everyone with just the push of a button.
Another important feature many apartments arc incorporating into their app-based services is the ability to place a work order. Resident can schedule repain through their smart phone eliminating double-bookings and unanswered maintenance requests. What if you need your car pulled around, or a guest’s car? Some properties even offer valet parking services with just a few swipes of the screen.
The overall goal of these services isn’t just to make life easier for residents, it’s to encourage them to stay put. According to President and CEO of Valet Living Shawn Handrahan, “It’s driving ommunity engagement; that’s the key. Amenities that don’t drive community engagement aren’t going to help retention. On average, multi-family dwellings turn over at 53 percent… By providing 100 percent of the amenities residents want 24/7 on-call , we can provide this high-level of service to create an exceptional living experience.”
Community engagement is increasingly important to renter. According to a 2018 Consumer Housing Insights Survey, 58 percent of respondents felt apartments should “provide helpful servics and amenities for the
The digital age make many things easier, but face-to-face social skills aren’t always unproved by new technology. That’s why many apartments are turning to outside companies to manage community events aimed at pulling people out of their apartments and in to each others lives. Group cooking classes, karaoke nights, or movie screenings on the lawn can tempt residents to leave the safety of their abode and meet the neighbors. Some property managers are even taking it a step further and offering apps that allow residents to communicate, meet up, or even share services like babysitting or group fitness classes. The idea is to help resident connect and form a functioning community of people who know their neighbors and maybe even hang out together from time to time.
Community and customization are at the core of these apartment apps. Those factors are what inspired Jillian Michaels to speak about advances in fitnes technology at this summer’s Apartmentalize conference in Denver. “[Fitness technology] has evolved in every way, right? Between apps and body metrics and devices that can give you an EGC , it’s amazing. For me in particular, I love it because of the customization.” She explained,” With my DVDs, for example, it’s like – here’s a workout, take it orleave it, one- size-fit -all. With the app, I can put all the DVDs in there and you an stream them. Then you can say, ‘Hey, I need a 20-minute workout. I want to do abs. I’m an intermediate level athlete. I have no equipment available: And I can customize everything for you: your meal plan and your fitness. So only technology allows us to do that now. I love it. I’ve seen it literally change my industry.”
Personalized fitness programs, concierge services, and this extreme level of personalization are more than a luxury, they’re a lifestyle. Handrahan explains, “Lifestyle renters are the fasting booming segment. New development dollars are going into high- and mid-rise assets because people my age – I’m a 56 year-old man – I don’t want to have the problems as associated with homeownership and want to have walkability, so they move into these communities.” He continued, “But, people of means already have somebody cleaning their apartment, walking their dog, or doing their grocery shopping. Now, we have all of that in one platform where you can touch a button and whatever you need is taken are of.”
Now if I could just get my landlord to fix the radiator and clean those mystery hairs out of the hot tub, I might stay in my complex forever.
To learn more about Valet Living, please visit www.ValetLiving.com
About Valet Living
Valet Living is the only nationally-recognized full-service amenities provider to the multifamily housing industry, performing more than 340 million events annually across 1.3 million apartment homes and 40 states. Through its Valet Living Home app-enabled resident amenity service offering and its doorstep waste & recycling collection, concierge services, fitness, maintenance, pet and turns solutions, Valet Living is the only company in the multifamily industry to combine doorstep waste and recycling collection with both sustainability-related and premium home-related services. Valet Living has been setting the standard for residential living since 1995 and is a portfolio company of the Private Equity Group of Ares Management, L.P. (NYSE: ARES) and Harvest Partners, LP.
About Valet Living Home
Valet Living Home is powered by technology, but delivered by the best people in the business. Valet Living Home residents request fitness classes, home cleans, pet visits, package deliveries and more through a single app. Amenities are performed by trusted associates through an on-site full-service desk completely customized for your community. The result is a resident amenity experience like no other, delivering more time for your residents to spend with family and friends and unparalleled resident satisfaction at your community!