Latest news with #SmartRent
Yahoo
6 hours ago
- Business
- Yahoo
SmartRent Enhances Its Platform with AI Intelligence and Energy-Saving Features
SmartRent, Inc. (NYSE:SMRT), a top provider of smart community and operations solutions for the rental housing sector, has announced a major upgrade to its platform by adding an AI-powered intelligence layer and improved energy management tools. These enhancements are designed to help operators make better decisions that reduce utility waste, lower costs, and support environmental, social, and governance (ESG) objectives. A builder wearing a hard hat admiring a newly constructed smart home. The latest innovation, SMRT IQ, uses real-time data from connected devices to give teams comprehensive insights across their entire property portfolio, enabling quicker and smarter operational decisions. This update represents a significant shift for SmartRent, Inc. (NYSE:SMRT), moving beyond simple automation to delivering intelligent solutions that simplify data access and interpretation, allowing operators to take immediate action. Isaiah DeRose-Wilson, Chief Technology Officer at SmartRent, Inc. (NYSE:SMRT), made the following comment: "SMRT IQ marks a significant milestone in SmartRent's evolution. It delivers constant, real-time IoT-device level data and visibility into all aspects of property performance, enabling the decision-making process with insights that just weren't possible before. By combining that data with conversational AI, we're helping teams make smarter decisions faster and act with confidence at scale. It's further connecting teams to their communities, saving them time and improving business agility across the board." Unlike others that offer partial solutions, SmartRent, Inc. (NYSE:SMRT) provides a complete property operations platform tailored for rental housing. It integrates connected hardware, digital workflows, and built-in intelligence to automate tasks for owners, operators, and site teams, helping reduce operating costs while enhancing the resident experience within one unified system. While we acknowledge the potential of SMRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
SmartRent Enhances Its Platform with AI Intelligence and Energy-Saving Features
SmartRent, Inc. (NYSE:SMRT), a top provider of smart community and operations solutions for the rental housing sector, has announced a major upgrade to its platform by adding an AI-powered intelligence layer and improved energy management tools. These enhancements are designed to help operators make better decisions that reduce utility waste, lower costs, and support environmental, social, and governance (ESG) objectives. A builder wearing a hard hat admiring a newly constructed smart home. The latest innovation, SMRT IQ, uses real-time data from connected devices to give teams comprehensive insights across their entire property portfolio, enabling quicker and smarter operational decisions. This update represents a significant shift for SmartRent, Inc. (NYSE:SMRT), moving beyond simple automation to delivering intelligent solutions that simplify data access and interpretation, allowing operators to take immediate action. Isaiah DeRose-Wilson, Chief Technology Officer at SmartRent, Inc. (NYSE:SMRT), made the following comment: "SMRT IQ marks a significant milestone in SmartRent's evolution. It delivers constant, real-time IoT-device level data and visibility into all aspects of property performance, enabling the decision-making process with insights that just weren't possible before. By combining that data with conversational AI, we're helping teams make smarter decisions faster and act with confidence at scale. It's further connecting teams to their communities, saving them time and improving business agility across the board." Unlike others that offer partial solutions, SmartRent, Inc. (NYSE:SMRT) provides a complete property operations platform tailored for rental housing. It integrates connected hardware, digital workflows, and built-in intelligence to automate tasks for owners, operators, and site teams, helping reduce operating costs while enhancing the resident experience within one unified system. While we acknowledge the potential of SMRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
2 days ago
- Business
- Associated Press
SmartRent Evolves its Platform With AI-Powered Intelligence and Energy Optimization Capabilities
PHOENIX--(BUSINESS WIRE)--Jun 5, 2025-- SmartRent, Inc. (NYSE: SMRT) ('SmartRent' or the 'Company'), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the continued evolution of its platform with the introduction an AI-powered intelligence layer and enhanced energy management tools designed to empower operators to make informed decisions to reduce utility waste, cut costs and support ESG goals. These innovations mark a new chapter for SmartRent, one that moves beyond automation to intelligence, making it easier to access and interpret data and allowing operators to act on it in real time. While others may provide a piece of the puzzle, SmartRent's end-to-end property operations platform, designed specifically for rental housing, delivers the full picture — connected hardware, digital workflows and built-in intelligence. It automates tasks for owners, operators and site teams to facilitate the reduction of operating costs and elevates the resident experience in a single, integrated system. Intuitive Insights: Conversational AI Delivers Property Data SMRT IQ is the newest advancement in the continually evolving platform. Powered by live device data, SMRT IQ helps teams unlock portfolio-wide insights from connected hardware to make smarter, faster decisions across operations. While the data has always been available, SMRT IQ removes the friction of manual reporting and replaces it with immediate intelligence that anyone can access without analytics training. It introduces a conversational AI layer that can transform property-level device data and operational metrics into instant property insights. Using natural language input, SMRT IQ users ask a question and receive a real-time answer powered by live data from connected smart devices. Teams can use prompts like: 'SMRT IQ marks a significant milestone in SmartRent's evolution. It delivers constant, real-time IoT-device level data and visibility into all aspects of property performance, enabling the decision-making process with insights that just weren't possible before,' said Isaiah DeRose-Wilson, Chief Technology Officer at SmartRent. 'By combining that data with conversational AI, we're helping teams make smarter decisions faster and act with confidence at scale. It's further connecting teams to their communities, saving them time and improving business agility across the board.' Smarter Energy Management: HVAC & Utility Optimization In addition to launching SMRT IQ, SmartRent is expanding its platform with enhanced energy management tools designed to help operators reduce energy waste, cut utility costs and extend HVAC system life. Unlike traditional energy tools which utilize static reports or estimates, SmartRent energy management is powered by real-time thermostat and device data, which can help identify energy waste during extreme weather events, enabling operators to reduce energy consumption to lower utility bills. It is also retrofit-friendly for legacy HVAC systems, offering greater visibility into HVAC asset health and performance to enable portfolio-wide benchmarking to support ESG reporting and sustainability goals. Teams are now armed with the data to make smarter energy decisions without adopting new systems or undergoing extra training. Key features include: 'What sets SmartRent apart is our direct connection to real-world device data,' said DeRose-Wilson. 'Our system collects live data from thermostats, leak sensors, locks, and more — giving operators a clear view of what is happening in their buildings and the ability to act, not just recording in workflows or delayed reports. That visibility is critical when managing HVAC performance, energy efficiency and ESG goals across an entire portfolio.' Continued Innovation to Meet Evolving Industry Needs SmartRent already connects millions of devices across locks, thermostats, sensors and workflows, delivering real-time visibility and operational control. Through innovations like SMRT IQ and energy management, SmartRent is fulfilling its commitment to best support its customers. From smarter controls to smarter reporting driven by AI and action, SmartRent is helping multifamily thrive in a more energy-conscious world. Energy performance is not merely an environmental concern; it is now directly tied to risk, regulation and operational excellence. Whether it's optimizing capital plans, uncovering resident experience trends, or linking site-level activity to portfolio performance, SmartRent delivers clarity without complexity. With SMRT IQ making real-time insights instantly accessible and SmartRent's unified platform enhancing day-to-day operations, property teams can drive smarter decisions across leasing, retention, maintenance and NOI growth. The continued advancement of the SmartRent platform is a byproduct of the company's recent $10 million investment in innovation, new features and functionality, allowing SmartRent to set the standard for property efficiency and performance in the rental housing industry. About SmartRent Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent's end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The Company's differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit View source version on CONTACT: Media Contact Amanda Chavez - Vice President, Marketing and Communications [email protected] KEYWORD: ARIZONA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY RESIDENTIAL BUILDING & REAL ESTATE UTILITIES HVAC CONSTRUCTION & PROPERTY IOT (INTERNET OF THINGS) ENERGY MANUFACTURING SOFTWARE SUSTAINABILITY BUILDING SYSTEMS NETWORKS INTERNET ENVIRONMENT HARDWARE DATA MANAGEMENT ARTIFICIAL INTELLIGENCE SOURCE: SmartRent Copyright Business Wire 2025. PUB: 06/05/2025 09:15 AM/DISC: 06/05/2025 09:15 AM
Business Wire
2 days ago
- Business
- Business Wire
SmartRent Evolves its Platform With AI-Powered Intelligence and Energy Optimization Capabilities
PHOENIX--(BUSINESS WIRE)-- SmartRent, Inc. (NYSE: SMRT) ('SmartRent' or the 'Company'), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the continued evolution of its platform with the introduction an AI-powered intelligence layer and enhanced energy management tools designed to empower operators to make informed decisions to reduce utility waste, cut costs and support ESG goals. 'SMRT IQ marks a significant milestone in SmartRent's evolution. It delivers constant, real-time IoT-device level data and visibility into all aspects of property performance,' said Isaiah DeRose-Wilson, Chief Technology Officer at SmartRent. These innovations mark a new chapter for SmartRent, one that moves beyond automation to intelligence, making it easier to access and interpret data and allowing operators to act on it in real time. While others may provide a piece of the puzzle, SmartRent's end-to-end property operations platform, designed specifically for rental housing, delivers the full picture — connected hardware, digital workflows and built-in intelligence. It automates tasks for owners, operators and site teams to facilitate the reduction of operating costs and elevates the resident experience in a single, integrated system. Intuitive Insights: Conversational AI Delivers Property Data SMRT IQ is the newest advancement in the continually evolving platform. Powered by live device data, SMRT IQ helps teams unlock portfolio-wide insights from connected hardware to make smarter, faster decisions across operations. While the data has always been available, SMRT IQ removes the friction of manual reporting and replaces it with immediate intelligence that anyone can access without analytics training. It introduces a conversational AI layer that can transform property-level device data and operational metrics into instant property insights. Using natural language input, SMRT IQ users ask a question and receive a real-time answer powered by live data from connected smart devices. Teams can use prompts like: Which of my properties have the worst HVAC efficiency? Which units exceed the community's average HVAC use by more than 50%? Which amenity spaces draw the most energy through HVAC use? 'SMRT IQ marks a significant milestone in SmartRent's evolution. It delivers constant, real-time IoT-device level data and visibility into all aspects of property performance, enabling the decision-making process with insights that just weren't possible before,' said Isaiah DeRose-Wilson, Chief Technology Officer at SmartRent. 'By combining that data with conversational AI, we're helping teams make smarter decisions faster and act with confidence at scale. It's further connecting teams to their communities, saving them time and improving business agility across the board.' Smarter Energy Management: HVAC & Utility Optimization In addition to launching SMRT IQ, SmartRent is expanding its platform with enhanced energy management tools designed to help operators reduce energy waste, cut utility costs and extend HVAC system life. Unlike traditional energy tools which utilize static reports or estimates, SmartRent energy management is powered by real-time thermostat and device data, which can help identify energy waste during extreme weather events, enabling operators to reduce energy consumption to lower utility bills. It is also retrofit-friendly for legacy HVAC systems, offering greater visibility into HVAC asset health and performance to enable portfolio-wide benchmarking to support ESG reporting and sustainability goals. Teams are now armed with the data to make smarter energy decisions without adopting new systems or undergoing extra training. Key features include: Energy dashboards that spotlight inefficient performance Smart setpoint automation and temperature guardrails Live alerts for runtime anomalies and temperature extremes Granular drilldowns at the unit, building, or portfolio level 'What sets SmartRent apart is our direct connection to real-world device data,' said DeRose-Wilson. 'Our system collects live data from thermostats, leak sensors, locks, and more — giving operators a clear view of what is happening in their buildings and the ability to act, not just recording in workflows or delayed reports. That visibility is critical when managing HVAC performance, energy efficiency and ESG goals across an entire portfolio.' Continued Innovation to Meet Evolving Industry Needs SmartRent already connects millions of devices across locks, thermostats, sensors and workflows, delivering real-time visibility and operational control. Through innovations like SMRT IQ and energy management, SmartRent is fulfilling its commitment to best support its customers. From smarter controls to smarter reporting driven by AI and action, SmartRent is helping multifamily thrive in a more energy-conscious world. Energy performance is not merely an environmental concern; it is now directly tied to risk, regulation and operational excellence. Whether it's optimizing capital plans, uncovering resident experience trends, or linking site-level activity to portfolio performance, SmartRent delivers clarity without complexity. With SMRT IQ making real-time insights instantly accessible and SmartRent's unified platform enhancing day-to-day operations, property teams can drive smarter decisions across leasing, retention, maintenance and NOI growth. The continued advancement of the SmartRent platform is a byproduct of the company's recent $10 million investment in innovation, new features and functionality, allowing SmartRent to set the standard for property efficiency and performance in the rental housing industry. About SmartRent Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent's end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The Company's differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit
Business Wire
3 days ago
- Business
- Business Wire
Parks Associates and SmartRent Whitepaper Dissects the Multi-Billion Dollar Impact of Energy Savings in Multifamily
SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- SmartRent, Inc. (NYSE: SMRT) ('SmartRent' or the 'Company'), the leading provider of smart communities solutions and smart operations solutions for the rental housing industry, today announced the release of a Parks Associates whitepaper, Growing Multifamily Value Through Smart Energy Savings, conducted through a collaboration with SmartRent. The whitepaper highlights how multifamily communities have successfully reduced energy and water utility costs by nearly 20% through integrated smart technologies. As multifamily operators face escalating operational pressures, from rising expenses to stringent local ESG requirements, this whitepaper provides timely insights and actionable strategies for achieving substantial financial and operational efficiencies. "Through real-time monitoring and data insights, these systems enable property staff to manage energy usage more efficiently, reduce waste, and proactively manage maintenance needs before they become costly issues,' said Elizabeth Parks, President and CMO. The data-rich whitepaper shares actual utility decreases experienced by multifamily communities equipped with smart home packages. Data from a Parks Associates 2021 study found that properties expected smart devices to reduce the cost of energy and water utilities by 9%-12% on average. In the follow-up study in 2024, Parks Associates found that multifamily owners and operators reported a real reduction in energy and water costs of 18%-19%. On a broader spectrum, the American Council for an Energy Efficient Economy (ACEEE) reported that multifamily properties stand to save an estimated $3.4B in total utility costs (or 15%-30% annually) by adopting smarter energy strategies. Multifamily operators have reported direct operational savings ranging from hundreds of thousands to millions annually by reducing labor costs, improving disaster mitigation and lowering energy consumption. In addition to discussing the cost-saving improvements achieved through smart energy deployments, the whitepaper examines the evolution of smart technologies — from consumer-grade products to integrated IoT solutions and real-time dashboards. It details how innovations including smart thermostats, lighting and electrical outlets, humidity sensors, hubs and leak detectors, can reduce energy consumption, mitigate disaster-related damage and lower labor costs. The whitepaper also highlights the opportunity for multifamily owners and operators to improve NOI through streamlined operations and appeal to environmentally motivated renters and investors. 'Most people are aware of mainstream energy-saving solutions like smart thermostats, but this whitepaper lays out the often-untapped potential of a connected smart home ecosystem,' said Braeden Scheer, Vice President of Product Management for SmartRent. 'The ability to monitor and manage energy consumption across a community or entire portfolio, and leverage AI to refine energy practices, transforms utility spending into profound cost savings. Parks Associates does an exceptional job of punctuating the value of smart home initiatives and outlining the technology strategies that multifamily leaders should deploy to optimize property performance.' The whitepaper touches on the marketability of smart home implementations as a significant performance driver, as well. While many renters seek communities with a pool or fitness center, others prioritize energy efficiency and environmental responsibility. Likewise, multifamily investors value streamlined, sustainable processes and their NOI-generating potential. As the whitepaper dissects at length, a proactive approach to energy management paints communities in a favorable light. Multifamily communities are currently navigating significant market pressures, including rising energy prices, shifting rental demand and increasing state-level ESG reporting requirements. There has never been a more critical time to adopt smart energy solutions. The whitepaper emphasizes how strategic investment in integrated IoT platforms helps multifamily operators streamline compliance, enhance property appeal, and significantly boost operational performance. 'Connected technologies in today's multifamily market are no longer a luxury—they're an operational necessity. Through real-time monitoring and data insights, these systems enable property staff to manage energy usage more efficiently, reduce waste, and proactively manage maintenance needs before they become costly issues,' said Elizabeth Parks, President and CMO, Parks Associates. 'In addition, residents increasingly expect smart, sustainable living environments where comfort, control, and transparency are built in. Meeting these expectations increases tenant satisfaction and drives operational savings and eco-friendly responsibility across the lifetime of the property.' The benefits of energy efficiency in multifamily go well beyond utility savings. Understanding the opportunities afforded though connected smart home technologies is critical and laid out clearly by Parks Associates. To learn how your multifamily property can leverage these insights to immediately reduce expenses, boost NOI, and maintain compliance, download your complimentary copy of the whitepaper, Growing Multifamily Value Through Smart Energy Savings. To learn more about SmartRent, visit About SmartRent Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart communities solutions and smart operations solutions to the rental housing industry. SmartRent's end-to-end enterprise ecosystem powers smarter living and working in rental housing by automating operations, protecting assets, reducing energy consumption, enhancing the resident experience and more. The Company's differentiators - purpose-built software and hardware, and end-to-end implementation and support - create an exceptional experience, with 15 of the top 20 multifamily operators and millions of users leveraging SMRT solutions daily. For more information, please visit
