Situation:
- A large landlord has ten 3-6 family buildings in East Boston and was spending ~$30k annually on policies. Many were under surplus lines and not optimized for his needs.
Deployment + Costs:
- Client deployed the ePropertyCare water protection solution across his buildings. He spent approximately $10k across the 10 properties to deploy the ePropertyCare smart water valve + meter on the building water mains.
NOI Impact + Return from Cost Savings:
- Our solution led to $7,500 in annual insurance savings, which paid for itself in about 1.5 years.
Additional NOI Impact + Cost Savings through efficiencies:
- This landlord also uses keyless entry to streamline tenant access and turns. This further adds to his operational efficiencies by saving on locksmith costs and saving time for maintenance and repairs.
Summary:
- Smart water protection can pay for itself quickly through insurance premium reductions.