Residential property consultancy Ringley has launched a new operational management platform aiming to make it easier for Build to Rent owners to monetise services and spaces within their buildings. The cashless payment system will also help boost transparency over revenue flow and instant payments will reduce the risk of debt for both operators and tenants.
“Our new platform aims to improve transparency, reduce cost, drive revenue and above all de-risk operations.”Mary-Anne Bowring, Group Managing Director, Ringley
The platform – called Busy Living can be white-labelled so Build to Rent operators can use their own brand while offering a customer-facing app alongside the digital back-end.
Busy Living combines a plug-and-play cashless payment platform with biometric security that is used by the Ministry of Defence. The security features include facial recognition and fingerprint scanning, which allows operators to grant access to, and manage spaces without 24-hour staffing – saving on costs.
“The next-generation of buildings will merge multiple uses under one roof, and what we are looking to do through our latest tech offering is to help better commercialise ‘live-work-play’ developments.”Mary-Anne Bowring, Group Managing Director, Ringley
The customer-facing interface is designed to make booking and paying for spaces or services easy, which Ringley believe will enhance tenant loyalty and drive cashflow – by enabling amenities to be better marketed, with the ability for last minute promotions.
Testing the app
Ringley is testing the technology in one of their own assets – a coworking space in Camden Gateway. It’s the UK’s first R&D hub for Build to Rent operators looking to commercialise onsite social spaces or run coworking hotspots. The aim? To show that the technology is viable and can cut costs for Build to Rent operators.