Multifamily operators face a difficult balance: residents expect modern, frictionless security while boards push for flat or declining OpEx.
This guide presents five budget optimization strategies that improve resident experience without sacrificing protection: (1) Consolidate vendors onto a single managed platform to eliminate redundant monitoring contracts. (2) Replace physical fobs with mobile credentials — app-free, using Apple Wallet and Google Wallet — to cut card replacement costs. (3) Use cloud-managed access to eliminate on-site server hardware and maintenance visits. (4) Deploy AI-powered video analytics to reduce false alarm dispatches and the associated fees. (5) Bundle access control, video, and visitor management under one managed service agreement for predictable annual spend.
Properties that have consolidated onto Kastle's platform report an average of 34% reduction in security-related OpEx in year one, driven primarily by vendor consolidation and elimination of break-fix maintenance costs.
The guide includes a budget worksheet, vendor consolidation checklist, and sample ROI model for properties ranging from 50 to 500+ units.