Top Smart Lock & Access Control Vendors for Large Multifamily Buildings

published on 03 July 2025

Looking for the best smart locks for multifamily properties? Here's a quick breakdown of 10 top vendors offering solutions tailored for large apartment complexes, student housing, and gated communities. These systems focus on security, convenience, and integration with property management tools.

Key Takeaways:

  • Latch, ButterflyMX, SALTO Systems, SmartRent, and Dormakaba are leaders in providing advanced access control systems with cloud-based management and mobile-first features.
  • Yale, August, Schlage, iLOQ, and Lockly focus on combining modern smart locks with ease of installation and user-friendly apps.
  • Pricing ranges from $100 to $700 per unit, depending on features and scalability.
  • Most systems integrate with popular property management platforms like Yardi, RealPage, and AppFolio.
  • Features include mobile access, video intercoms, temporary guest codes, and real-time monitoring.

Quick Comparison Table:

Vendor Key Features PMS Integration Price Range Best For
Latch Mobile access, centralized control Yardi, RealPage, AppFolio $200-$400 Large multifamily properties
ButterflyMX Video intercom, mobile app entry Yardi, AppFolio, Entrata $150-$300 Student housing, gated communities
SALTO Cloud-based, mobile credentials Livly, BuildingLink $300-$500 Large commercial complexes
SmartRent Smart home integration, remote access Yardi, RealPage $100-$250 Multifamily rentals
Dormakaba Biometric access, PIN codes Multiple PMS platforms $400-$700 Luxury apartments
Yale Keyless entry, smart home support Z-Wave compatible $150-$350 Condos, small properties
August Retrofit locks, remote control Airbnb, basic PMS integration $200-$300 Rental properties
Schlage Bluetooth credentials, audit logs RemoteLock, ENGAGE™ $180-$400 Garden-style communities
iLOQ Battery-free, NFC-powered locks Carson, open API $250-$450 Retrofitting older buildings
Lockly PIN Genie, fingerprint sensors LocklyOS $299-$499 Vacation rentals, multifamily

Why It Matters:

Smart locks and access control systems not only improve security but also streamline property management, reduce costs, and meet renters' growing expectations for convenience. With 67% of renters preferring keyless systems and many willing to pay $20-$35 more per month for smart features, these solutions are a valuable investment for property owners. Choose a vendor that aligns with your property's size, needs, and budget.

LATCH Smart Lock: Interview, Installation, & M-Series R-Reader Review | YD Proptech Spotlight

1. Latch

Latch is a smart access platform designed specifically for multifamily properties. Its primary goal is to simplify access control for both property managers and residents by offering centralized management and mobile-first technology.

As stated in Latch's mission:

"To make spaces better places to live, work, and visit." [5]

At its core, the platform includes Latch Mission Control, which allows property managers to oversee building access remotely. Features like digital keyless entry and detailed access tracking make it a powerful tool for managing modern properties.

Integration with Property Management Systems

Latch seamlessly integrates with leading property management systems such as Yardi, RealPage, Entrata, and AppFolio. Through features like User Sync, resident information is automatically imported into Latch Manager, while Automated Access adjusts permissions based on lease status. This eliminates the need for manual updates and ensures operations run smoothly [3]. Data is synced every hour, keeping permissions up-to-date [4].

Property managers can track integration statuses with these labels:

Status Mission Control Change
Future Resident No access is assigned.
Current Resident Access is automatically granted based on the resident's unit in the property system.
Unit Change Access updates according to the resident's new unit information.
Past Resident All access is revoked.

The system handles everything from lease dates to contact details, ensuring accurate access assignments. To set up these integrations, property managers can use the Integrations Page in Latch Manager or reach out via integrations@latch.com [3].

This integration simplifies operations, paving the way for Latch's user-friendly mobile access features.

Mobile and Remote Access Features

Latch's mobile app offers residents a range of convenient tools. From unlocking doors and inviting guests to booking shared spaces and checking access history, everything is accessible through their smartphones. The app also supports temporary guest codes, including 15-minute and day-long options, making visitor management effortless [7].

For property managers, Mission Control provides the ability to grant or revoke access remotely, ensuring full control over building security [7].

These features highlight Latch’s focus on delivering efficient and user-friendly solutions for multifamily properties.

Compatibility with Multifamily Property Types

Latch is built to accommodate multifamily properties of all sizes, addressing the specific challenges faced by apartment communities. The platform aligns with key resident preferences, with 67% of renters favoring keyless smart locks and 75% seeking property-wide access control [8]. It’s designed to handle the complexities of multifamily buildings, including shared amenities, common areas, and multiple entry points [9].

As Latch puts it:

"No matter the size of your building, Latch can improve your operational efficiency and set you apart from competitors." [6]

Geographic Coverage and Support

Latch operates across the United States, serving thousands of residential properties nationwide [6]. Its scalable platform allows property managers to implement Latch systems across multiple locations while maintaining centralized management and consistent procedures. This nationwide presence makes it a go-to choice for large multifamily properties seeking effective access control solutions.

2. ButterflyMX

ButterflyMX

ButterflyMX is a smartphone-based access control system designed to simplify building entry. Trusted by over 17,000 multifamily, commercial, student housing, and gated community properties worldwide, it serves more than 1 million users.

This platform eliminates the need for expensive wiring and additional hardware by turning residents' smartphones into the primary access tool. Unlike traditional video intercom systems, ButterflyMX avoids the costs associated with in-unit hardware and building wiring, offering a more budget-friendly solution for large multifamily properties. This straightforward setup also makes property management more efficient.

Integration with Property Management Systems

ButterflyMX connects seamlessly with major property management systems, making operations smoother and more secure. Through its Sync process, the platform automatically updates tenant information, reducing manual work, minimizing errors, and enhancing security.

Here are the twelve property management systems it integrates with:

Property Management System
Entrata
Greystar
RealPage
RentManager
Yardi
AppFolio
Condo Control
Buildium
ResMan
MRI Software
Buildinglink
FirstService Residential

These integrations automate access permissions during tenant move-ins and move-outs, saving time and improving accuracy.

For example, when integrated with Yardi, ButterflyMX automatically creates Guest Cards and schedules Showings in Yardi’s CRM when prospects book tours via ButterflyMX's self-guided touring platform. It also manages resident access based on their lease status.

Rishi Khosla, CMO at 2B Living, highlights the benefits:

"The ButterflyMX integration saves us time and greatly reduces security issues at the property with resident information automatically updated at move-in." [10]

The platform goes beyond integration by offering a mobile app that provides real-time access control features for residents.

Mobile and Remote Access Features

The ButterflyMX mobile app enables residents to control building access from anywhere with an internet connection. Through video calls, residents can see and communicate with visitors before granting entry, enhancing both convenience and security. The app also allows residents to issue or revoke visitor passes, and it keeps a detailed history of access with time-stamped photos.

Voice control features let users unlock doors or gates using Alexa or Siri-enabled devices. Additionally, elevator systems can be managed through the app, making navigation even easier.

Jacques Bazinet, Chief Operations Officer at a property management company in Scottsdale, AZ, shares his experience:

"With ButterflyMX, residents can open and manage the community gates from their smartphone anywhere in the world." [11][12]

For properties with package room solutions, the system sends smartphone notifications when deliveries arrive, simplifying package management for residents.

Compatibility with Multifamily Property Types

ButterflyMX is particularly well-suited for large multifamily properties, including student housing and gated communities. By eliminating physical keys, fobs, or remotes, the system simplifies access for residents while maintaining security.

Student housing properties benefit from the added safety features. Yvonne Tomesek, Senior PM at Peak Campus in Louisville, KY, explains:

"ButterflyMX's smart intercom allows student-residents to see and speak with visitors, which is more convenient and secure, and the student-residents feel safer." [11][12]

The platform also accommodates properties with multiple entry points, ensuring centralized and efficient management.

Geographic Coverage and Support

ButterflyMX operates on a global scale, providing centralized oversight for property managers. Its international reach allows operators to implement consistent access control solutions across multiple locations, making it an excellent choice for multifamily operators managing properties in different countries.

3. SALTO Systems

SALTO Systems

SALTO Systems delivers integrated electronic access control solutions tailored for multifamily properties. Their cloud-based platform combines smart locks with centralized management software, enabling property managers to oversee building access through a single interface. The Salto Homelok system, for instance, offers smart locks capable of supporting between 50,000 and 120,000 access cycles before needing a battery replacement [16].

Preston Grutzmacher, Residential Business Leader for Salto North America, sums up their mission:

"The goal is to let people in - in a safer, more convenient, and smarter way." [16]

Integration with Property Management Systems

SALTO's system integrates smoothly with existing property management software, streamlining the move to digital access control. By pulling resident data directly from these systems, SALTO automates processes like move-ins and move-outs [16]. Key integrations include Livly for mobile resident access, BuildingLink for maintenance and facility bookings, and platforms like Foxbox Digital, Sharry, and 1VALET for comprehensive access management [14][17].

Colin DePree, SALTO Sales Strategy North America, highlights the benefits of one such integration:

"By adding SALTO electronic lock management to the Livly platform, it will provide residents the convenience of using their mobile device to manage property access via the Livly mobile app. For management, it will give them the power to better manage and control full building access." [17]

Mobile and Remote Access Features

With SALTO’s mobile access control system, smartphones become digital keys, letting residents unlock doors and gates via a dedicated app. Property managers gain real-time control, managing access rights centrally - whether they’re onsite or working remotely [15]. The Salto Homelok system also integrates with Apple devices, allowing users to add keys directly to their iPhones or Apple Watches. This eliminates the need for traditional keys or fobs, making access even more convenient [18].

Remote access provides a significant security edge. Roger Solomon, Senior Associate at Trio Advisory Group, explains:

"Access control is also about ensuring convenience for residents and staff, enhancing the overall quality of life at a community and future-proofing assets against technological advancements. The right access control system will add real value to both the property and for its residents." [19]

A real-world example underlines this point: in a 150-unit condo, a stolen master key led to an emergency rekeying that cost tens of thousands of dollars. With SALTO’s system, the compromised key could have been remotely deactivated, avoiding such expenses [19]. This functionality makes SALTO’s solution adaptable for various property types.

Compatibility with Multifamily Property Types

SALTO Systems caters to a wide range of residential properties, including multifamily housing, single-family homes, vacation rentals, and assisted living facilities [20]. Their solutions are especially effective for large apartment communities, offering centralized management and seamless integration with existing building systems [13].

Geographic Coverage and Support

Operating on a global scale, SALTO partners with tech companies to integrate access control with building automation and security systems [14]. Their network includes collaborations with res:harmonics for managing short- and long-term stays, Walk.in for CRM integration, and Priority Key to elevate guest experiences and support hotel operations [14].

4. SmartRent

SmartRent

SmartRent takes mobile access to the next level by combining it with integrated home automation. Designed specifically for multifamily properties, this platform merges access control with smart home features like connected locks, thermostats, and lighting. The result? A system that simplifies operations for property managers while adding convenience for residents.

Integration with Property Management Systems

One of SmartRent's standout features is its near real-time syncing capabilities. The platform connects effortlessly with major property management systems such as Yardi, RealPage, Entrata, ResMan, RentEGI, and AppFolio Property Manager [21][22]. Mitch Karren, Chief Product Officer at SmartRent, highlights the importance of this integration:

"As a technology vendor for the multifamily industry, it is paramount for us to not only integrate with these property management systems to avoid duplicate data entry, but also provide a near real-time sync." [21]

This syncing automatically updates resident and unit data, minimizing errors during move-ins and move-outs. It also allows residents and property managers to use mobile controls for efficient property management.

Mobile and Remote Access Features

SmartRent's resident app transforms smartphones into all-in-one property controllers. Residents can lock doors, adjust thermostat settings, control lighting, and even generate temporary access codes - all remotely [23]. For property managers, the app offers tools to manage access to vacant units, enabling them to grant entry to contractors or prospective tenants without needing to be on-site. The platform supports various credential types, including mobile credentials, PIN codes, cards, and fobs, ensuring seamless access to common areas [24][25].

Antonette Patterson, Senior Regional Manager at Greystar Properties, shares:

"Residents love being able to either set a thermostat schedule or adjust it from the app, and if they forget to shut off the heat or AC, they can still control it from their smartphones once they leave." [23]

These features match the preferences of modern renters, with 86% favoring digital or self-service solutions and 71% viewing high-speed internet and smart home features as essential [26].

Compatibility with Multifamily Property Types

SmartRent’s hardware is highly adaptable, making it suitable for a variety of multifamily property layouts. Whether for retrofitting older buildings or outfitting new developments, the system can be scaled and customized to meet specific needs [27][30]. Its Community WiFi solution is another standout feature, offering tailored connectivity options. This is particularly beneficial for properties like Willow Creek Gardens, where detached and semi-detached layouts create unique connectivity challenges while maintaining a sense of community [28][29].

Geographic Coverage and Support

SmartRent is widely implemented across the United States, with companies like Greystar Properties adopting the platform [23]. Its scalability and flexibility make it a reliable choice for multifamily communities of all sizes, from smaller complexes to sprawling apartment developments.

5. Yale

Yale

Yale brings together traditional security and modern technology with its smart lock solutions, offering property managers mobile management and flexible access control.

Integration with Property Management Systems

Yale smart locks are built to integrate seamlessly with existing property management systems through various connectivity protocols, including Z-Wave. For multifamily properties using Z-Wave alongside Yale Access, working with an approved partner is necessary to unlock all system features [32][31]. Yale also collaborates with security integrators, ensuring its locks function smoothly with preferred systems [33]. These partnerships and integrations enable a streamlined mobile control experience for property managers.

Mobile and Remote Access Features

The Yale Access App is the go-to tool for managing remote access. It allows property managers and residents to lock and unlock doors, manage guest access, track entry activity, and receive notifications - all from their smartphones or smartwatches [35]. The app is compatible with iOS, Android, and Apple Watch devices [34][36]. To enable remote access, users need either a Wi-Fi Smart Module (priced at $89.99 [35]) or a Wi-Fi-enabled smart lock, which supports scheduled access without the need for physical keys [34][37].

For added convenience, the Yale Assure Lock 2 Plus features one-tap access using Apple Home Key, while the Keypad Touch offers fingerprint access and secure key codes for guests [34][36]. This range of options makes Yale an excellent fit for multifamily properties with varied needs.

Compatibility with Multifamily Property Types

Yale's smart locks are tailored to meet the needs of different multifamily property types. The Yale Pro 2 Cylindrical and Mortise Locks are ideal for managing access to common areas, exterior entrances, and individual units [31]. For properties requiring emergency egress compliance, the Yale Pro 2 Interconnected Locks provide keyless convenience while ensuring panic-proof egress [31].

Additionally, the Yale Assure Lock 2 integrates with Swiftlane’s app and cloud-based management platform, enabling property managers to control both front-door and unit-door access from a single interface [38]. This unified system works well in apartments, co-ops, condos, and multi-unit office buildings. Yale also simplifies move-ins and move-outs by automating credential changes and supports multiple access options, including PIN codes, mobile apps, and physical keys as backups [8]. This flexibility helps streamline entry management across diverse property types.

Geographic Coverage and Support

Yale operates on a global scale, serving regions such as Europe, the Middle East, India, Africa, Mexico, Australia, Asia, and Central and South America [31]. In the United States, a robust dealer network provides local support for multifamily properties, ensuring reliable service and system implementation.

The Yale Connect Wi-Fi Bridge has received positive feedback, earning a 4.0 out of 5-star rating from 251 Amazon reviews. Customers frequently highlight its reliability and straightforward setup. However, some have reported occasional connection challenges, underscoring the importance of proper network configuration in multifamily environments [37].

6. August

August

August smart locks stand out for their ease of installation and minimal hardware changes. Instead of requiring a full lock replacement, these locks retrofit onto existing deadbolts. This makes them a practical option for both property managers and residents, particularly in rental properties.

Integration with Property Management Systems

August smart locks work seamlessly with property management systems, streamlining credential management for property managers[8]. They also simplify short-term rental operations by automatically generating and sending unique door codes to guests through platforms like Airbnb[39]. When integrated with tools like Uplisting, the system can dynamically create unique door lock codes for each reservation using a {lock_code} tag. These integrations make remote management straightforward and efficient.

Mobile and Remote Access Features

The August app serves as a central hub for managing the locks, offering remote control and a host of convenient features. Property managers can issue virtual guest keys, use geo-fencing for automated locking during move-ins or maintenance visits, and monitor real-time activity through the app. The system also works with major voice assistants, adding another layer of convenience for users[40].

"Unlike a lot of other smart locks that require you to remove or replace your current hardware (which often isn't an option when you're renting), August's smart locks slip over the inside latch on your deadbolt, allowing you smarten up your security." - Gizmodo[36]

The August Wi-Fi Smart Lock is priced at $199.99[40]. For enhanced remote access, the August Home Connect Wi-Fi Bridge has earned a 4.3-star rating on Amazon from over 6,000 reviews. While customers appreciate its ease of installation and remote capabilities, some have noted occasional connectivity issues[41].

Compatibility with Multifamily Property Types

With its thoughtful design, August smart locks are particularly suited for rental properties where replacing locks entirely isn’t feasible. The lock installs inside the door, fitting over existing deadbolts without interfering with landlord access or traditional key usage[36].

"So far, the August is the only real smart lock solution I've found for apartment dwellers. This simple retrofit approach streamlines upgrades without altering existing access methods." - Digital Trends[36]

This retrofit design works with most single-cylinder deadbolts, making August locks a versatile choice for various multifamily properties. Beyond offering keyless entry, they enhance security with features like activity tracking, alerts, and temporary guest access codes. Recognized as one of the top five locks for rental properties[42], the August Smart Lock Pro also prioritizes security with Bluetooth Low Energy encryption and TLS protocols in its mobile app to safeguard user data and credentials[36].

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7. Schlage

Schlage

Schlage continues to stand out in the world of smart locks, blending its long-standing reputation for quality with modern access solutions tailored for multifamily properties. With decades of expertise in lock manufacturing, Schlage provides advanced security options for both residents and property managers. From garden-style communities to high-rise developments, their range of electronic locks and access control systems meets diverse property needs.

Integration with Property Management Systems

Schlage’s open architecture makes it easy to integrate with various property management systems, thanks to strategic partnerships [45]. For instance, RemoteLock works seamlessly with Schlage hardware, including models like NDE, LE, and XE360, allowing property managers to control all doors from a single software platform [43]. Zentra, designed to address shared property access challenges, pairs with the XE360 series to deliver a smooth, user-friendly experience [44][46]. Additionally, Allegion offers multiple software options - Schlage Express, ENGAGE™, and Pure Access Cloud - ensuring flexibility for different operational needs [47].

Mobile and Remote Access Features

Schlage embraces the shift toward keyless entry by turning smartphones into secure access keys. A Multifamily Living Trends Study found that nearly 60% of respondents prefer residences with mobile access control, and since 2019, there’s been an 82% increase in willingness to pay for features like remote monitoring and guest access [53]. The Schlage Mobile Access app reflects this demand, boasting a 4.7 out of 5 rating on the App Store from over 3,100 users. Its January 2025 update (version 2.0.3) introduced a refreshed icon and improved reliability [49].

Property managers can rely on the ENGAGE web and mobile apps to manage users, assign access permissions, and review lock audits. Meanwhile, residents using the Schlage Home app can remotely control the Encode series via Wi-Fi [50][51].

"With the innovative Schlage Control™ Interconnected Locks and our enhanced credentials, we are ushering in a new era of convenience and security for multi-family property owners and residents." - Ann Matheis, marketing leader, multifamily for Allegion [52]

Schlage also offers eco-friendly Mobile Bluetooth Credentials, which are simple to issue and revoke, saving the hassle and cost of managing physical keys [48]. For those seeking smart home compatibility, the Encode Plus model integrates with Apple HomeKit [50].

Compatibility with Multifamily Property Types

Schlage’s solutions cater to a wide range of multifamily property layouts. The Schlage Encode WiFi Deadbolt is especially suited for garden-style properties, where community WiFi infrastructure enhances its functionality [8]. These low-rise buildings with landscaped surroundings and patio access benefit from Schlage’s easy installation and management [28]. On the other hand, the XE360 Series is designed for comprehensive property coverage, offering multiple finishes and lever styles to match other Schlage products [54].

Whether it’s new construction or retrofitting older properties, Schlage provides a smooth transition from traditional keyed locks to modern electronic access systems. This flexibility aligns with renter preferences, as 67% of renters express interest in keyless smart locks, according to the National Multifamily Housing Council [8]. Schlage’s solutions meet the growing demand for smart, integrated access systems, keeping pace with the evolving expectations of today’s multifamily residents.

8. Dormakaba

Dormakaba

Dormakaba has made a name for itself as a trusted provider of integrated access solutions for multifamily properties. With 150 years of lock manufacturing expertise, the company blends traditional craftsmanship with modern digital access systems. Their solutions are used worldwide, serving everything from market-rate apartments to senior living communities [56][60].

One of Dormakaba’s standout features is its single-credential system, which allows residents to access building perimeters, shared spaces, and individual units with just one method. Their RT Plus RFID smart locks not only simplify access but also boast up to 3 years of battery life and BMHA/ANSI Grade 1 certification, ensuring both reliability and security [66][64].

Integration with Property Management Systems

Dormakaba’s access solutions integrate seamlessly with property management systems, thanks to their Community access management software and cloud-based Lyazon API [58][56]. Their software offerings range from straightforward, cost-efficient options to more advanced systems like Saflok Messenger LENS, catering to a variety of property needs [55].

"dormakaba's multihousing access management software makes managing resident access simple." - dormakaba [55]

The Lyazon API ensures 24/7 access control and supports third-party integrations, while their Ambiance access management software offers flexible integration options tailored to specific market requirements. These tools provide a smooth and efficient access experience for both property managers and residents [57][56].

Mobile and Remote Access Features

Dormakaba takes convenience a step further with its BlueSky mobile app, enabling residents to manage access through mobile keys or PIN codes [59]. Residents can create single-use, time-specific, or reusable credentials and share them via text or email. On the management side, property administrators can configure access remotely using web-based software [62].

Another notable feature is the resivo system, which empowers tenants to control access to their units while allowing property administrators to unlock shared spaces remotely. Residents can also assign temporary access during their absence, making it a practical solution for everyday needs [61].

"Since I have my smartphone with me all the time and everywhere I go, I always have my key with me, too. That's really convenient!" - Michael Konitzer, Tenant [61]

This system has proven its versatility in a variety of settings, from new developments like Munich Riem to older properties such as a 1930s building in Zurich. The Winnenden building cooperative also adopted this digital locking solution, highlighting its adaptability [61].

Compatibility with Multifamily Property Types

Dormakaba’s solutions work across a wide range of multifamily property types, including market-rate apartments, urban luxury housing, and specialized sectors like student housing, senior living, and military accommodations. The RT Plus RFID smart lock is designed to scale efficiently, whether it’s for a small property or a large multifamily complex [63].

"I was pleasantly surprised by how simple and intuitive even the underlying cloud systems are to operate." - Christian Dengler, Managing Director at StadtNatur Munich [65]

The flexibility of Dormakaba’s solutions makes them ideal for both new construction projects and retrofit applications. By streamlining access with a single-credential system, Dormakaba enhances both operational efficiency and resident satisfaction.

9. iLOQ

iLOQ

iLOQ has carved a niche in the smart lock industry with its innovative battery-free technology and mobile access solutions. Based in Finland, the company has been at the forefront of mobile smart-locking systems for nearly a decade, achieving impressive growth by 2024 with operations spanning the globe. What makes iLOQ unique is its ability to eliminate the need for battery replacements while offering reliable access control tailored for multifamily properties.

The iLOQ app is designed specifically for residential and multifamily buildings. A standout feature is its retrofit-friendly design, allowing existing lock cylinders to be easily replaced with iLOQ’s battery-free and cable-free alternatives. This approach modernizes buildings without requiring costly infrastructure changes.

Integration with Property Management Systems

iLOQ’s smart lock app integrates effortlessly with property management software, automating essential tasks like deactivating access after a lease ends and activating it for new tenants [67]. With its open API and SDK, the system simplifies operations by reducing the need for multiple tools [68]. In 2023, iLOQ teamed up with Carson, a multifamily platform, to integrate its locking solution into Carson’s management platform and app [68].

"The integration of our cellphone-based access-management solution with Carson's app will help to simplify processes, reduce administration, and enhance user experiences."
– Robert Mancuso, Vice President Sales, iLOQ USA [68]

This integration enhances the overall user experience and streamlines property management processes.

Mobile and Remote Access Features

iLOQ’s cloud-based platform, iLOQ Manager, empowers property administrators to manage access rights remotely. They can program, share, update, or revoke access credentials, which are sent directly to residents’ smartphones via the iLOQ app [72]. This eliminates the need for physical key distribution while keeping the process secure and convenient.

The app includes user-friendly features, such as guided instructions and an NFC finder animation to help residents locate the antenna on their device [69]. Residents can also share access with family and friends, grant temporary access to neighbors, and even manage access remotely. If a phone is lost or stolen, access rights can be quickly transferred to a new device without compromising security [70][72].

"Our smart cylinders are easy to retrofit. There's no need to replace doors or change your existing infrastructure. Access rights are quickly programmed using our cloud-based software and sent as 'phone keys' to iLOQ's app running on a resident's smartphone. They are updated remotely and in real time as tenants move in and out, removing the risks involved with lost, stolen or unreturned physical keys to keep levels of security in the building high."
– Joni Lampinen, General Manager, iLOQ USA [71]

Compatibility with Multifamily Property Types

iLOQ’s retrofit-focused design makes it a cost-effective and efficient choice for upgrading access systems in multifamily buildings. Its battery-free technology reduces ongoing maintenance, making it particularly suitable for larger properties. The system is compatible with residential, multifamily, and student housing setups. For example, Wold & Waard, a housing association in the Netherlands, uses iLOQ’s smartphone-based solution to enhance security while cutting administrative workload [70].

Geographic Coverage and Support

iLOQ’s innovative approach has fueled its expansion. The company entered the US market in 2022, starting on the East Coast and later moving into California and Texas [74]. It established a distribution center in Dallas, Texas [75], and plans to grow its US team to around 20 employees by the end of 2024 [74]. Globally, iLOQ operates in over 55 countries with more than 1,800 partner locations [67].

In New York, Paragon Security & Locksmith, an iLOQ reseller since 1988, collaborated with Bargold Storage Systems to secure storage units in a large multifamily property in Queens using iLOQ’s battery-free locks [73].

"The Finnish way of doing business and managing customer relationships is appreciated in the United States. We maintain a high level of quality and keep our promises."
– Joni Lampinen, General Manager of iLOQ’s operations in the US [74]

As property owners in the US focus on modernizing older buildings, iLOQ is well-positioned to meet the growing demand for smarter, more secure living environments, driving its growth in the multifamily sector [76].

10. Lockly

Lockly

Lockly takes a unique approach to securing multifamily properties with its patented PIN Genie technology and integrated access management. This focus is significant, considering that multifamily properties face an 85% higher risk of burglary compared to single-family homes [77]. With multifamily buildings making up over 30% of all housing and 39% of rental properties in the U.S. [77], Lockly's emphasis on this sector aligns with a pressing need for smarter security solutions.

One standout feature is the PIN Genie keypad, which shuffles numbers randomly to prevent onlookers from stealing access codes. Combined with biometric fingerprint sensors and mobile app access, Lockly offers multiple layers of security, making it a strong choice for large residential complexes.

Integration with Property Management Systems

Lockly doesn't stop at innovative hardware - it also integrates seamlessly with property management systems. At the heart of this integration is LocklyOS, a cloud-based platform that acts as a centralized dashboard. This system allows property managers to monitor and control an unlimited number of Lockly devices remotely [80]. Whether it's managing access for residents, guests, or maintenance crews, LocklyOS simplifies the process while ensuring top-notch security [81].

The platform also connects with B-Line's smart building system, enhancing overall building management by combining security with operational efficiency [79]. For those managing multiple properties, LocklyPRO offers tools to oversee access across various locations, including individual units and shared spaces, all from a single interface [78]. Additionally, Lockly supports integration with popular third-party platforms like Google Assistant and Alexa, making it even more versatile [78].

Mobile and Remote Access Features

Lockly's mobile app and LocklyOS platform provide extensive remote access options for both tenants and property managers. Users can control door access, generate temporary codes, and manage settings via Wi-Fi [82]. Property managers benefit from features like real-time alerts, detailed activity logs, and the ability to oversee multiple properties from one dashboard [83]. Access options range from traditional PIN codes to eKeys, which can be revoked through the app as needed [82].

"Developed by our team of security experts, LocklyOS represents the ideal combination between convenience and security, empowering property owners and managers to efficiently manage all devices across their properties, from provisioning to daily guest management. Enjoy the freedom that comes from knowing your properties are always secure, while your residents and guests receive the highest level of care." – LocklyPRO [83]

For guests without smartphones or the app, Lockly offers Offline Access Codes (OAC), ensuring everyone can gain access securely [82]. The platform also includes sub-admin capabilities, allowing property managers to delegate limited access to others for tasks like managing guest codes [84].

Compatibility with Multifamily Property Types

Lockly's smart locks are designed with multifamily properties in mind. The product lineup includes network/Wi-Fi-connected and Bluetooth-enabled locks, as well as HD Video Doorbell smart locks, catering to a variety of building layouts [77].

"We designed our products to ensure every door, from the main entrance to each unit, is connected and secured." – LocklyPRO [78]

The system's scalability makes it ideal for large properties. Property managers can easily add new devices, integrate with other smart technologies, and customize access settings with features like unique codes, time-based restrictions, and tenant access revocation [77]. Testimonials highlight the system's impact, with Morocco Williams of Castle Rock Properties calling it "the most impressive product I have ever seen in the last 20 years", and Tanner Brady of Smart Living Properties praising its comprehensive access solution [78].

Geographic Coverage and Support

Lockly offers nationwide support within the United States, including free shipping in the contiguous U.S. [85]. The company backs its products with lifetime 24/7 technical support and warranties of up to 5 years [85], reflecting its dedication to quality and customer satisfaction.

Pricing starts at $299.99 for the Lockly Secure Pro, $499.99 for the Vision Elite Video Smart Lock, and $99.99 for the Secure Link Wi-Fi Hub. For larger portfolios, LocklyOS scales beyond the three free properties included with the standard app, ensuring that expanding multifamily operations can continue using the same platform without disruption [85][86][87].

Vendor Comparison Table

Here's a breakdown of smart lock vendors, comparing features, integration with property management systems (PMS), property types served, geographic reach, and pricing.

Vendor Key Features Property Management Integration Property Types Served Geographic Coverage Starting Price Range
Latch Smartphone, keycard, or passcode entry; real-time monitoring; access history and insights [88] Seamless PMS integration with automated provisioning Large multifamily, mixed-use developments Nationwide U.S. $200‑$400 per unit
ButterflyMX Video intercom, mobile app entry, virtual keys, delivery management [90] Integrates with RemoteLock and major PMS platforms [91] Multifamily buildings, student housing Nationwide U.S. $150‑$300 per unit
SALTO Systems Cloud-based access control, mobile access, real-time occupancy tracking, emergency preparedness [90] Robust PMS integration Large commercial, multifamily complexes Global with U.S. operations $300‑$500 per unit
SmartRent Integration with smart home ecosystems, remote access control, multiple credential options [8] Native PMS integration with Brivo partnership [92] Multifamily properties, single-family rentals Nationwide U.S. $100‑$250 per unit
Yale Keyless entry via touchscreen keypads, fingerprint scanning, smart home support [88] Limited PMS integration; third-party compatible Residential multifamily, condominiums Nationwide U.S. $150‑$350 per unit
August Keyless access, remote control, auto-lock/unlock, activity log [88] Basic PMS integration through APIs Small to medium multifamily properties Nationwide U.S. $200‑$300 per unit
Schlage Mobile Bluetooth credentials, no-tour solutions, multiple finishes and levers [48] Property management software compatibility All multifamily property sizes Nationwide U.S. $180‑$400 per unit
Dormakaba Keyless entry via mobile app, biometric recognition, secure PIN codes [89] Robust PMS integration capabilities Large commercial, luxury multifamily Nationwide U.S. $400‑$700 per unit
iLOQ Battery-free smart lock powered by NFC [89] Cloud-based PMS integration Commercial, multifamily properties Limited U.S. coverage $250‑$450 per unit
Lockly 3D biometric fingerprint reader, PIN Genie keypad, smartphone app integration [88] LocklyOS platform with PMS connectivity Multifamily properties, vacation rentals Nationwide U.S. $299‑$499 per unit

This comparison highlights key differences among vendors in terms of pricing, features, and integration. For instance, ButterflyMX and SmartRent stand out as cost-effective options for larger deployments, while Dormakaba and SALTO Systems cater to enterprise needs with premium features. Integration capabilities also vary - some vendors focus on seamless PMS integration, while others prioritize advanced connectivity. Most vendors provide nationwide coverage, though iLOQ has more limited reach compared to established players like Latch and Schlage.

The demand for smart locks is driven by renters' preferences, with 67% favoring keyless systems and 75% looking for property-wide access control [8]. Additionally, 90% of U.S. multi-dwelling unit owners and operators plan to implement or upgrade smart building solutions within the next year [54]. These trends underline the importance of smart locks in improving operations and meeting resident expectations.

When choosing between online and offline locks, it's worth noting their trade-offs. Online locks offer real-time updates but may have shorter battery life, while offline locks conserve power but require manual updates [89]. iLOQ stands out by eliminating battery concerns entirely, thanks to its NFC-powered design. Interestingly, 45% of renters believe physical keys will be obsolete within the next decade [89].

Conclusion

Choosing the right smart lock and access control vendor for large multifamily properties is a decision that carries significant weight. With 57% of renters willing to pay extra for enhanced security features and properties equipped with smart technology showing a 60% greater chance of lease renewal [93], the importance of making an informed choice cannot be overstated. Key factors like compatibility, scalability, and operational benefits should guide your decision-making process.

Start by ensuring the system integrates seamlessly with your existing property management and security platforms [95]. A unified system not only enhances your property's reputation but also boosts its value while minimizing potential vulnerabilities [1][94].

Scalability is another critical consideration. Your access control system should be able to grow with your property, accommodating future expansions without requiring a complete overhaul [94]. Partnering with a reliable vendor ensures smoother upgrades and consistent service over time [1].

Beyond security, modern access control systems offer operational advantages that directly impact resident satisfaction. Properties using mobile credential systems report nearly 20% higher satisfaction rates among residents [96]. Plus, residents are often willing to pay an additional $20 to $35 per month for the convenience these systems provide [2], which can significantly improve both retention and revenue.

When evaluating vendors, focus on factors like the number of access points your property requires, the system's ease of use, proven service quality, and advanced security features [93][94]. These considerations will help ensure you select a solution that meets both current and future needs.

The multifamily industry is rapidly shifting, with 63% of millennials favoring keyless entry systems [93]. Properties that prioritize seamless integration, ease of use, and comprehensive solutions are better positioned to meet these evolving demands while improving operational efficiency. In this landscape, a well-integrated and scalable system is no longer a luxury - it’s a necessity.

The vendor you choose today will shape your property's security, resident experience, and competitive edge for years to come. Make an informed decision by prioritizing compatibility, planning for scalability, and partnering with a vendor committed to long-term support and innovation.

FAQs

What should property managers look for when selecting a smart lock system for multifamily buildings?

When choosing a smart lock system for multifamily buildings, property managers should zero in on features that provide security, ease of use, and smooth integration with existing setups. For starters, connectivity options like Wi-Fi, Z-Wave, or Bluetooth are crucial. These ensure reliable remote access and make it easier to sync with other building systems.

Security should be a top priority. Look for strong security features like encryption and tamper resistance to safeguard residents and block unauthorized access.

Another key consideration is user management functionality. A system that allows you to easily add or remove access credentials can save time, especially during tenant turnover. You’ll also want to ensure the lock is compatible with your current door hardware, straightforward to install, and supports multiple user credentials. These factors can streamline operations and help keep costs under control.

Ultimately, focus on a system that meets the unique needs of your property and its residents to ensure a smooth and secure experience.

How do smart locks work with property management systems, and what advantages do they offer for large multifamily buildings?

Smart locks work seamlessly with property management systems, offering a centralized platform for managing and monitoring access in real time. This setup allows property managers to handle tasks like granting or revoking access, keeping track of entry logs, and receiving alerts about unusual activity - all from a single dashboard.

The advantages are clear. For one, they streamline operations by cutting down on manual tasks like handling physical keys. They also boost security with detailed access tracking and instant notifications. On top of that, these systems enhance the tenant experience by offering conveniences like keyless entry and remote access. This not only makes life simpler for residents but also helps property managers run things more smoothly.

What are the main differences between battery-powered and battery-free smart locks, and how do these affect maintenance and reliability?

Battery-powered smart locks come with the added responsibility of regular battery replacements. This not only increases maintenance tasks but also poses a risk of locks becoming unreliable if the batteries unexpectedly run out. The challenge becomes even greater in large multifamily buildings, where managing numerous locks can quickly turn into a logistical headache.

In contrast, battery-free smart locks completely remove the need for batteries. This design cuts down on ongoing maintenance expenses, eliminates unexpected downtime, and ensures consistent reliability by sidestepping battery-related issues. They provide a convenient, low-maintenance option, making them an appealing choice for properties aiming for long-term efficiency and reduced upkeep.

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