Leaks in Build to Rent buildings can be a major pain for property managers, maintenance staff, and residents. Even a 3mm crack in a pipe can leak 1000’s of litres of water. Across England and Wales, just under 3bn litres (660 million gallons) of water is lost to leaks every day – equivalent to 1,180 Olympic swimming pools! A recent survey states that nearly half of all UK homes leak, at the worst, a major leak can destroy apartment infrastructure and displace residents, but it can also lead to other problems like mould. This can result in thousands of pounds of repairs and excess water usage.
The Association of British Insurers (ABI) state ‘Escape of water damage is one of the most common types of domestic property damage claims, with insurers paying out £1.8m for it every day.’
You may be wondering, is there a way to avoid this through Build to Rent leak detection?
Leak sensors can catch minuscule changes in humidity or water levels and send an alert immediately to property and maintenance staff as well as to residents. They are small and can be placed by major water sources across the property including by sinks in units or even water heaters in common and amenity areas.
Proactive water monitoring allows for proactive leak detection.
RealPage, a global leader in providing software and data analytics to the real estate industry has launched STRATIS® Smart Building, the smart way to power Build to Rent living from access control, sustainability, community-wide Wi-Fi and more. It also offers a range of solutions for water management and control, including automatic shutoff valves, and humidity and leak sensor technologies – and coming to the UK soon, real-time submetering technology.
This property and portfolio-wide solution significantly reduces risk and loss from leaks and running water, providing cost savings, and eliminating unbillable water usage by residents. The savings from real-time alerts are crucial to stopping hidden and prolonged loss. Getting proactive with water leaks and stopping them before they happen was nearly impossible until Smart Water.
Want to learn more about how innovations in Build to Rent water detection can save your property thousands of pounds? Get in touch with Hamish at Hamish.Neale@realpage.com or call: + (0) 44 7738224040.
STRATIS®, a RealPage Company, creates smart apartments and intelligent buildings and is the only platform of its kind built for the complexities of multifamily and student housing. STRATIS is installed worldwide across the US, in Japan, the UK, EU and Latin America. STRATIS now serves hospitality, retail and small to mid-size commercial, as well. STRATIS is an Inc. Magazine “Fastest Growing Company in America” and a Top Ten Entrepreneur Magazine “Best Company in America.” STRATIS was recently acquired by RealPage to enable CommunityConnect, a more connected lifestyle, to unleash hidden yield through new revenue streams.