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Property ManagementSmart Apartments

Monetizing Access: Turning Space into Revenue

Attractive community spaces are among the most compelling perks (and selling points) of luxury multifamily living. But these rooftop lounges and co-working spaces aren’t just beneficial for the residents using them. With the creative use of smart access control, they can easily become a new revenue stream for your community.

Rentable space is necessary.

Amenity spaces, such as co-working, storage spaces, or lounges, are often necessary for apartment living to compensate for the lack of living space. As working from home becomes the new norm, more apartment communities convert empty spaces into private office pods for residents to rent.

Imagine having the sheer convenience of booking these spaces on your own time, directly from your phone. Better yet, imagine having that new revenue deposited directly into your account without doing a single thing.

How it works:

It’s simple.

Using the Homebase app, residents can view and book spaces within the community. Once they’ve selected the space, time frame, and submitted payment – access is granted instantly. All of this is done without leaving the Homebase app, and payments are sent directly to your account.

This feature is as valuable as you make it. If you use creativity, the possibilities are endless. From a one-time payment for a birthday wine lounge rental to recurring fees for monthly access to co-working space, our experts can help you boost revenue. With a little ingenuity, even small spaces have potential. Maximize your existing space and leave no area wasted.

Leverage creativity. Boost profit.

Notice an area of your community being underutilized? It may be time to evaluate a change of usage. Consider a few of these simple options that can easily be monetized through renting to residents. 

  • Storage Lockers
  • Private Wine Lounge 
  • Gathering Rooms
  • Conference rooms
  • Private Office Pod
  • Outdoor Lounge

Consult with our experts.

Our team is dedicated to helping you maximize ROI and elevate the resident experience. Curious how smart technology can help your community? Schedule a 15-minute demo with our team!

Homebase brings the smart apartment experience to new build and retrofit multifamily with trusted technology that delivers intuitive building access control with smart locks, automation of property management, new revenue with property-wide WiFi, and IoT technology amenities residents enjoy. All completely installed and managed for the multifamily innovation leaders of this decade.