Kromer Investments adds $200K in yearly revenue with Brivo Smart Apartment

THE CUSTOMER

“Brivo put us ahead of the curve. We were also more prepared to handle COVID-19 and create a safe environment for employees and residents.”

Damien Romero,
Director of Asset Management
Kromer Investments Inc.

THE CHALLENGE

As apartment communities grow in popularity, Kromer Investments wanted to elevate their properties without the hassle or expense of doing a full renovation

Stay competitive with new
construction in their
Reno, Nevada market

Increase property value, drive new selling points and operate more efficiently

Use technology to transform resident experiences and improve the leasing experience

THE CHOICE

  • Update existing communities with financially feasible Brivo Smart Apartment technology
  • Experience an immediate competitive advantage in ROI and lease rate in one year
  • Improve resident experience with one mobile app for everything they need 
  • Increase staff efficiency with one platform with cellular capabilities and flexible hardware options
  • Use Brivo Self-Guided Tour to improve customer service and meet management goals

THE CHANGE

“Everyone uses Brivo: leasing, vendors, prospects, residents and maintenance staff. Resident retention has increased and we maintain a 96% occupancy average.”

—Damien Romero

  • $50 increase in rent for every unit with a forecasted $200K+ yearly added property value
  • Brivo Smart Apartment resident app allows residents to open doors, control in-apt features like thermostats and lights, pay rent and submit work orders
  • Kromer delivers security and smart apartment convenience in their Class B communities that causes new Class A and luxury developments in their market to have to adjust prices or create special promotions
  • Brivo Self-Guided Tour helps leasing agents stage and highlight apartment features and access data about what prospects were most interested in during the tour
  • Increased closing rates by 25% to 40% across their properties even during the COVID-19 pandemic
  • Property managers have a platform to remotely keep their property safe, healthy, desirable and profitable