The key to attracting and retaining millennial tenants

Millennials account for a large part of the world’s total population. People from this age group have experienced a lot in this time-span and still have the rest of their lives to enjoy. Millennials would currently fall under the age group of about 23 to 35 and are finishing up university or newly entering the workforce to become active working professionals.

At this stage in their lives, millennials are much more likely to rent homes rather than buying. They don’t feel the urgency to buy and lean towards renting. Also, the younger millennials have probably had to experience increases in costs of tuition fees at universities, so a lot of younger millennials with student loans are already high in debt and prefer to clear that first. As a result, landlords and lessors have a high market with a lot of potential tenants, mostly consisting of millennials.

In the modern rental market, landlords cannot simply rely on providing housing with basic amenities anymore. Millennials are now adapting to certain lifestyles that they want to implement in their homes. This means that the homes they are looking for must suit their needs and have several different facilities in order to be satisfied with them. For this reason, millennial renters tend to look for several aspects in a home before deciding to sign a lease.

The main aspects are mentioned as follows:

Price

To begin with, the aspect of price stands true for any renter regardless of their age group. An unfair leasing price will draw away the interest of most renters. However, millennials look for a lot of amenities in their homes that they need. If they see that a home provides a lot of amenities and benefits to offer, a lot of them would not mind paying a higher price if it means higher comfort in their homes. As a lessor, focusing on this area could prove very beneficial and attractive to a millennial tenant.

Location

Location is also a clear relevance for any renter, but how exactly is it relevant to a millennial? Well, the things that millennials prioritize about the location of a home is their proximity to the community around them. This means that things such as entertainment, bars, parks, universities, libraries, and their work should be something within close proximity to their homes. If not close, then it should be something that at least has a decent public transport connection. As a landlord, if you are renting out a home in a central location, that would be your main selling point and has to be market as efficient as possible (through millennials main news resource social media for example) to your prospective tenants and you are guaranteed to get multiple applications!

Dogs, Cats, Hamsters... Be Pet-Friendly!

Did you know that an incredible 73 per cent of millennials today currently own pets? Yes, the statistic is really that high! So, if you want to lease a home to a millennial tenant you need to accept that there’s a high chance your tenants have pets and will turn your home in a pet-friendly place. In fact, according to this article posted by CNBC, millennials will not hesitate to lose interest in a home that is not pet-friendly and make this a priority in their decisions. So overall, not only does this increase a millennial tenant’s chances of accepting your lease but it also greatly expands your market.

Be Environmentally Friendly

Another important thing to consider is that lots of millennials like to live an environmentally friendly lifestyle. They are aware of environmental crises occurring globally and do their best to make changes that are more sustainable and eco-friendly. Turning your property into an energy saving home can be a big advantage as a landlord. This can include solar panels, energy-saving utilities (energy saving light bulbs for example), recycling bins, etc. Also, offering secure bike storage for tenants who prefer to bike over travelling by car, an option they know heavily reduces their carbon footprints.

Amenities/Appliances

Perhaps a very critical aspect in a millennial tenant’s decision to rent a home is the amount/quality of amenities that come along with it. Understanding what your prospective tenants are looking for is a great advantage. This can include things such as furnishing, in-unit washing machines, dishwashers and parking areas. This can play a crucial part in securing a tenant. For example, in the state of California, providing refrigerators for tenants is not included in their habitability laws. Therefore, providing one is already an advantage for a landlord. Overall, the point is to understand what amenities your tenants are looking for and be able to provide them with that.

Communal Spaces

The final aspect and certainly a critical one is communal spaces. Think of student housing for example. Student houses or dorms always have common lounges where tenants can gather and hang out. Now, by applying the same idea to your property, you’ll also be providing your millennial tenants with the same value. Tenants don’t only want to have a good apartment, but also a good community. Communal spaces help them integrate with neighbours and be able to interact during their free time.

Wondering how you can attract millenial renters by taking care of a carefree user experience? Contact us.

We are happy to inform you about the many posibilities!

Read for instance how the Alpha Phi sorority takes care of their access control security here.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

How smart is it to invest in the Student Housing industry in Europe?

The increase in students attending higher education has led to a massive restructuring of the student housing industry. Over the last decade, the student-housing market has rapidly grown and seen various record levels of investment. This is mainly due to the increase in enrolment of students in higher education institutions. Not only this, but the number of international students in Europe has also been on the rise.

In 2014, there were a total of 4 million international students studying in Europe. By 2020, the total number is expected to surpass 7 million international students, which clearly indicates an incredible growth. Moreover, because of high rental prices for private housing markets, the demand for affordable student housing is rising. Most students, especially international and foreign exchange students prefer to live in student housing facilities. As a student, living in a student housing facility, or dormitory offers you the opportunity to interact with fellow students and get to know them better.

It is a straightforward way to build a social lifestyle at university outside of the campus itself. Events usually take place at dormitories, which also helps aid with the level of interaction between students. For international and foreign exchange students, this is a pretty vital aspect considering the usual scenario where they move to a new country and do not know anyone there, making student housing facilities and the social atmosphere very fundamental for them.

Overall, the relevance of student housing is depicted here so far, but what exactly makes it a good industry to invest in?

Further in this blog, several nations are analyzed on their student housing markets and the opportunities they offer for investments. All data recorded has been researched by JLL.

Germany is widely known for its ability to attract a great number of international students from all over the world, mainly as a result of the country’s low tuition fees and quality of education. Germany possesses the largest student population in all of Europe. Not only this, but over the last decade, the total number of students in Germany has risen by 28%. Amongst this statistic, only 1% is made up of part-time students, clearly depicting a high demand for student housing in the nation. Unlike the high demand for student housing in Germany, the level of supply is not that great due to the large number of students. Because of this, some students rent shared apartments or studios from private housing markets. With an increase in supply of student housing, the profit from investments is almost certain.

The Netherlands is one of the most popular destinations for international students in Europe. In fact, the number of international students in the Netherlands has actually risen by an incredible figure of 164% over the last decade, indicating a clear high demand for student housing in the country. Since it is very uncommon for universities in the Netherlands to have their own student housing facilities, the market is mostly occupied by private businesses such as DUWO, The Student Hotel, and XIOR Student Housing. The Student Hotel and XIOR have been investing well in Dutch student housing over the last few years, with several new locations being opened across the country. Moreover, supply levels for student housing are pretty stable in the Netherlands. However, rent prices can be pretty costly for students, especially in the Randstad region that includes Amsterdam, The Hague, Rotterdam, and Utrecht, which all possess a very large number of student populations. Because of this, investing in building student-housing facilities at lower rent prices would be a pretty profitable and popular choice for students

Spain is another famously known country for its student body. The country is a popular destination mainly due to its year-round sunny weather and social life of students. As a result, a large number of students are doing their Erasmus semester studies abroad in Spain: Mainly in Madrid or Barcelona. Supply for student housing in Spain does not stand at a positive level. Approximately 5% of all students live in PBSA (Purpose Built Student Accommodation), and most of those usually stand at a full occupancy level. This highlights the relevance of increasing the supply of student accommodation, especially for internationals. Not only this, but with rent prices being quite high in cities like Madrid and Barcelona, Spanish students tend to remain living at home with their families. Investing in this market for a higher supply of affordable student housing would be very profitable for students in Spain.

The previous countries were analyzed on their status in student housing markets and the potential for further investments. The figure above also depicts the levels of supply and demand. Although only a few countries were listed in this blog, other countries such as the United Kingdom, Italy, and France also possess similar prospects. Some countries already have major players of student housing in these markets, but the opportunity for entry is still there and is a profitable choice.

Overall, not only does investing in student housing in these markets make a profitable benefit, but it also provides students with the opportunity to find more affordable rent and be part of a socially integrated student body. .

Create the perfect customer experience for your students by implementing SALTO KS into your business. Contact us for more information..

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

Are Coworking spaces the new startup garages?

One of the most common things about startups is how they all began in someone’s parents' garage or basement and from there developed into the prosperous companies they are today. In order to become such a prosperous company, a very important aspect is to have a stable workplace where staff members can fully focus and are enabled to collaborate. Therefor distractions that often occur at home that can affect the overall progress need to be eliminated. However private offices can be pretty costly and tend to exceed the usual budget of a startup. Here comes in: The coworking space.

Coworking spaces are an exciting way to organize a workplace. A shared office environment allows for a sociable work environment where different people in the business industry can share ideas and have the opportunity to network. Coworking spaces are not just a bunch of desks in a large space with access to high-speed Internet; they are an affordable, inspiring, and exciting work environment.

We’ve gathered the main advantages of co-working spaces:

Convenience

It is a well-known fact that managing an office is hard. With energy bills, dealing with daily management issues, and cleaning services, one may not find enough time to manage an office and get actual work done. For that reason, coworking spaces are convenient as all these things are being handled and therefore you have a greater focus on your work.

Growing your business

The key to a successful business is making the right connections and being able to network. Coworking spaces provide the opportunity to meet people from various backgrounds and industries. These spaces make it easier for people to connect and collaborate. Co-working spaces encourage business connections and bring people from distinct backgrounds into the same place allowing them to join forces. In other words, coworking spaces are a great place to build partnerships and clienteles!

Affordability

Renting out an office space is expensive and time-consuming. It has been proven that co-working spaces are more affordable and comfortable for smaller business as everything is taken care of. When it comes to co-working spaces, one does not need to worry about setting up Internet and electricity; all you need to do is pay for the membership and enjoy the available facilities.

Boost Creativity

In coworking spaces, you often find a collaborative and inspiring environment where you can see others putting in hard work and dedication into achieving their goals and dreams. Observing this dedication subconsciously leads to an increase in motivation to work hard and be more productive. In addition, the open space allows for ideas to flow around easily leading to a boost in inspiration and novelty of ideas.

Freelance Talent

A problem that start-ups face is that they are not able to have permanent staff due to instability. For that reason, they mainly rely on finding freelancers. However, finding the right freelance team may not be easy. Nevertheless, it is a well-known fact that coworking spaces flourish with freelancers from countless industries. You might even be able to find the right person for the job sitting at the desk right next to you! Another advantage of this is that you can discuss your ideas and needs at any time since you’ll be sharing an office.

Coworking spaces have proven to be fruitful, convenient, inspiring and affordable and hold many benefits allowing for more productivity and efficiency. It is safe to say coworking spaces are the garages and basements of tomorrow.

IWG (International Workspace Group) is the holding group for different workspace brands including Regus and SPACES, among others and an example of a coworking space community that hosts a ton of freelance talent, networking opportunities and enables creativity.

More on coworking? Find out which trends redefine the way we work here or find out the top 5 coworking spaces in Amsterdam here!

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

Top Student Cities in Europe

University is a very important part of any person’s life. It’s the time where we begin a chapter in our lives that leads us towards our futures: Academically and socially. Students tend to mainly select their university destinations based on the quality of the education they will be receiving and the city they would be studying/living in. Alongside this, other factors apply such as student experience, affordability, social inclusiveness, city environment/life, and connectivity. Whilst academics possess great importance, a social life to balance it with also plays a role in a student’s mental health and ability to feel empowered. Combined these factors play a big part in deciding a destination.

The Class of 2020 conducted a study in which they analyzed the top 20 student cities in Europe and why these particular cities have proven to be popular destinations for students. This is what we distilled from the study:

Number one student city

Due to its high scores in social inclusiveness and affordability, Berlin has been ranked as the number one student city in Europe by The Class of 2020. More specifically, Berlin excels in maintaining low rent prices for student housing, a numerous and countless variety of social events across the city, and the high ability for international students to receive visas to stay in Germany and pursue their careers. Furthermore, Munich comes in second place as the best student city in Europe, in which the city environment category was weighed at a perfect score. Germany clearly controls this list by retaining the top 2 spots. Portugal also has a good standing point in this study, with its cities Lisbon and Porto claiming the third and fifth spots.This is due to their high scores in areas such as social inclusiveness and city life. Also, both Lisbon and Porto score very well in terms of affordability, with Porto being the only city in the study clinching a perfect affordability score due to low rent prices and costs of living.

Affordability

Other cities in the top 10 of the list include Amsterdam, Vienna, Paris, and London. Amsterdam’s highest scoring points are social inclusiveness and city life. However, Amsterdam does score pretty low in terms of affordability. This is due to the immense popularity of the city amongst tourists, making it a costly destination. In addition, it’s no surprise that Vienna is also included in this list of top student cities. For the last few years, Vienna has been globally ranked as the world’s most liveable city. Vienna is very rich in culture, history, and lifestyle. City life almost never gets dull and there’s always a bunch of social events to attend. Also, Vienna is quite affordable in terms of rent prices and costs of living. There’s no scarcity in student housing in Vienna so it’s also pretty simple for a student to find a suitable accommodation. Moreover, next of the list are Paris and London. Both of these cities have their highs and lows. The highs include positive social atmospheres and great scores in city life. However, the lows, which are quite expected, are affordability. Rent prices are relatively high, as well as costs of living. While these two cities can be very fun to live in, one must be prepared to have high financial costs.

Weather

Next, Spain is also a country that possesses a number of cities on the top 20 ranking. These cities are Barcelona, Valencia, and Seville. Students tend to mainly be satisfied with the constant sunny weather and affordability of these cities.

Overall, the ranking of the list seems pretty conclusive in terms of which cities are the top destinations for students. Besides the quality of education, affordability and city life to come out on top as the most vital aspects of what makes a city a good student city. As previously mentioned, Berlin and Munich come out on top in this case whilst other cities fall a little short but still with good scores. Germany, Spain, and Austria possess factors that outdo other cities, these countries possess the best student city destinations in Europe.

Find out how to tackle student complaints if you are an owner of a Purpose Based Student Accomodation in this blog post.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

Not a millennial trend but a necessity: The success of co-living decoded

The gig economy enabled by digital technology has caused Industry 4.0 and laid the foundation for the future of work. With millennials making up 75% of the workforce by 2030 and an increasing amount of resources to work remotely alter the way individuals move, work, socialize and live. As coworking has become a social movement of 3.8 million members by 2020, a concept of co-living is stepping into the spotlight. As trendy and exclusive as co-living may seem with its members-only policy, selection of tenants and authentic branding, its further expansion is a necessity and strategic answer towards extreme urbanization and lack of affordable housing. Recent investment figures show accelerated growth of co-living and its international outreach with Medici Living Group securing the largest investment in co-living of 1 billion euros ($1.13 billion) for its European expansion. Co-living is an international phenomenon. According to JLL Hong Kong, co-living has more diversity of operators entering the market and has secured more investment than the other two main options as a retail and traditional office. With Welive’s expected entry to the Indian co-living market in 2019, the concept of shared living is being rolled out globally.

However, the success of co-living is only partially explained by its convenient plug-and-play model which offers all amenities being taken care of by the provider of the space. Co-living is a strategic tool to beat the shortage of affordable housing in the metropolitan areas and reduce the number of commuters, thus, improving infrastructure of the cities. Depending on the provider, renting a space in the co-living complex comes as a less costly option than renting your own apartment. And most importantly, co-living offers something that is hard to quantify - the community of like-minded individuals at one’s doorstep and social interaction with one’s neighbours. The selling point of the co-living concept is not its fully-furnished private rooms but genuine connectivity with one’s flatmates and welcoming atmosphere of the environment. It is suggested that co-living might even become a solution for decreasing alienation of urban workers from each other.

Service model has successfully altered the way we live. Globally.

Co-living falls under a relatively new concept of Housing as a service (HaaS) or space as a service. It is disrupting the way we screen, monitor and select housing. Co-living is seen as a promising potential from industry experts from different market leaders as the real estate developers, hospitality companies, and investment community. Big names in the retail- and automotive industry are adding co-living to their portfolios. Ikea launches its Space10 which is an innovation lab based in Copenhagen. Ikea labels Space10 as its secret research lab where the future of sustainable living is explored. The business model around co-living is a service model which is one of the key attributes of sharing economy. As Uber has transformed the way we move and use a taxi, co-living giants as Welive and Collective are changing the way we allocate resources while making housing decisions. Ownership over goods is no longer attractive for consumers and the trend towards servitization is taking over. Users nowadays prefer access-based consumption, thus, short-term contracts and the opportunity to rent a space is becoming a preferred option over property ownership. As workforce transition is leading to an increasing number of mobile workers, the flexibility of movement from one location to another makes modern employees rethink their housing options to the benefit of co-living providers.

Changing profile of a co-living tenant

As co-living is expanding on an international level, the public image of a co-living tenant is being altered as well. It soon will be a thing of the past when the majority of tenants was comprised of digital nomads or young professionals. Industry leaders and innovative thinkers predict that co-living might serve as a solution to tackle social problems such as a lack of affordable housing for the ageing population. Figures from the UN report show that by 2050, the number of people older than 60 will increase to 2 billion worldwide. According to the Health and Retirement Study (HRS), 43% of people over 60 reports that they feel isolated. And co-living which offers a welcoming network of tenants might decrease high levels of loneliness and social isolation. Senior lifestyle housing has already been included in some of the real estate providers’ portfolio. New Ground Co-housing based in High Bernet (UK) is the first co-living project for senior citizens. It is women-only and tenants’ age ranges from 50 to 87 years. An alternative lifestyle is becoming a reality now for everyone regardless of age and socio-economic background.

Co-living: power of decentralized technology

According to Ikea’s innovation hub SPACE10, disruptive power of the co-living concept is enabled by digital technology. The service model of co-living provides open platforms, digital applications and tools for granting access and management of one’s space, communication board with tenants and online payments system. Democratic nature of digitization makes processes faster and allows more individuals to perform their transactions. GitHub as an open source technology might become the platform for the co-living experts to share industry insights to optimize their processes. With the development of blockchain, rental contracts no longer create confusion between tenants and owners of the space. Decreased number of mistakes in records and early detection of fraud will be possible with smart contracts. Furthermore, co-living industry leaders invest in white-labelled applications designed for a particular co-living complex to manage community, events and practical matters.

To enable security of their spaces and real-time management, co-living companies choose SALTO KS which is a standalone cloud-based smart lock solution. Granting and revoking access for a definite period of time is a necessity for co-living community managers and is enabled by SALTO KS via its own management platform which controls all the doors of one’s space.

If you would you like your own SALTO KS solution, you can ask for a price quote or even schedule a demo right here.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

What is ‘PropTech’ exactly, and how is it related to coworking?

In real estate, technology used to mean making sure the wiring of a building is executed in a proper matter and now and again replacing some defect appliances. With the rise of IoT and therefor smarthomes, more real estate agencies realize properties and technology are a very profitable duo. The manual approach of collecting data simply doesn't cut it anymore.

Here comes in PropTech:

PropTech is the collective name for all technological applications where all property can benefit from. Also referred to as ‘CREtech’ (Commercial Real Estate Technology) or ‘Retech’ (Real Estate Technology). It is enriching real estate and changing the way we design, buy, build, sell, use and overall manage our properties. This also applies to the way we work.

Since most people around the globe nowadays rely on mobile technology it becomes more and more accessible for developers and business owners to present these new technologies to commercial property owners. The many (new) technologies that communicate with one another define PropTech: Creating innovative real estate that feels modern and digitized. Think of the smarthome of today: Equipped with gadgets like Alexa, Nest: The smart thermostat, or even a cloud-based access control solution like SALTO KS. These innovative problem solvers come with many benefits like reducing your carbon footprint by collecting data received from these smart appliances, which come in handy when you, for instance, own a coworking space.

Coworking in Proptech has become unthinkable. With the emerging demand of flexible workplaces with immediate access, no (long-term) lease and top-notch Wi-Fi connection PropTech got even bigger. By automating operational tasks with management software like our integration partner Office RnD offers, you’ll win time to build your brand and perfect your member experience. With the received data you can figure out your space’s pain points and find out where there’s more room for improvement.

Embracing technology for your building means you differentiate yourself from other spaces and are able to offer your members the best possible coworking experience. From finding a space online, onboarding, facilitating outstanding Wi-Fi connectivity, billing and invoicing: It should all be as efficient as possible. Automation is the solution.

Facility managers of coworking spaces are getting more accustomed to IoT. Where physical devices are embedded with electronics or software to, amongst other things, collect data that can reveal inefficient patterns. This has turned the old-fashioned office spaces into real estate on demand: With no long-term contracts, but pay-as-you-go and fine-tuned-to-your-wishes subscriptions.

Expensive technological investments to smarten up your building(s) can seem daunting, but these investments tend to pay for themselves within a year by reducing, for example, your energy bill. Famous examples of companies that are known for combining properties with technology are Airbnb, WeWork, Purplebricks, SALTO Systems and Nest.

PropTech has been around for some time now, but the last couple of years (since 2014) the PropTech ecosystem really is booming. It’s suspected that by 2020 there will be 20 milliard dollars invested in PropTech. That’s a serious amount, and this is only the beginning.

We highly recommend welcoming technology into your space sooner rather than later to keep ahead of the coworking game.

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

How to tackle the main accommodation complaints from students

The fastest growing property sector at this moment is the Purpose Built Student Accommodation (PBSA), attracting investors from all over the globe. Students expect and require a secure, technology-driven and high in quality accommodation that will be their home away from home. A place where they can accelerate and eventually send out to the real world to start their careers.

To welcome these young adults in such an inspiring setting is a job that needs to be taken seriously. Therefore we did some research on often overlooked criticism. Avoiding these complaints will result in happier students, therefore long term tenants and a great ‘customer’ (student) experience.

Offer your students a high quality coliving environment by bypassing these easy to overcome concerns and your PBSA becomes a problem solver instead of a burden.

Noise

In order to live pleasantly, let alone study, without any disturbance you can’t have any type of (loud) noise on your premises. Whether it’s loud music, fire alarms, or shouting: Enabling sufficient room to focus should be the main goal of your PBSA. A lot of this agony that drive students up their walls is easily to overcome with a few simple adjustments like setting up a noise curfew for weekdays or making sure ovens in all apartments have timers installed.

Residential staff

One of the most important aspects of the student experience is the quality of your staff. The people that represent your accommodation need to be adequate, fast in response and above all, polite. To safeguard your student’s contentment, requests and issues need to be taken very seriously. Rude or poorly trained staff is a big annoyance for anyone entering your PBSA, not only the students. Be sure to have a clear vision on how you want your staff to behave and be clear the staff knows they are a big part of that amazing student experience you are hoping to establish.

Deposits

Students usually don’t have a lot to spend. Deposits that get refunded long after the 14-day range (which is usually the absolute maximum for students) is one of the main complaints students (and their parents) have on their accommodations. When PBSAs hit students where it hurts the most, these Millenials do what feels natural: Ventilate their inconvenience on social media. Avoid a bad (online) reputation by being clear on what to expect in terms of finance. Be transparent about timeframes, what deposits can be made and how students should approach this flow and you shouldn’t encounter any misunderstanding.

Facilities

PBSAs are built to provide convenience so students should never have to leave. Whether in regard to their social life or to study. A so-called ‘place beyond the bedroom’. This is the reason a lot of PBSA’s are equipped with facilities like a cafe, pool- and football tables, services, and completely renovated apartments including bathrooms and kitchens which enables the students to form a community where they can focus on their studies. Facilities like washing machines become a big burden when there aren’t enough. Collecting the laundry, walking down to the laundry room to find out all washing machines are already taken, walk back to do the same thing over again a few hours later is a big waste of time. Make sure these kinds of facilities that could provide Zen instead of stress are being taken care of.

The number one that should be in order without a doubt still remains a solid phone and internet connectivity.

Read what’s trending in student housing in our previous blog post, or Contact us to integrate SALTO KS into your preferred management tool.

SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee efficiency for your business. Integrate smart locks, start easily managing access now!

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SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

These trends are redefining the way we work

For a long time it seemed as if employees were expected to thrive on no other then awful coffee, bad lighting and soggy cheese sandwiches, but times have changed for the better. Office spaces are now the number one tool to attract and retain top talent.

Adopt these trends that have redefined the way we work in 2018 to facilitate the perfect work environment for your members and employees.

Competition

Now more then ever workspaces are being used as part of recruitment strategies. Those who are born between 1980 and 2000 are a tough generation to retain as loyal employees. Attracting and retaining this generation called ‘Millennials’ as a company all comes down to creating an experience rather than just an office to work in.

Meeting new people, a vibrant atmosphere and room for creativity are highly appreciated by this younger generation.

The competition between companies to captivate this age group has peeked tremendously past year, taking into account these relatively young people are fast to leave when a ‘better’ opportunity arises

The term ‘googlization’ is therefor mockingly used by the baby boomers: The generation that came before Millenials took over the workforce. Babyboomers tend to assume Millenials are not in touch with the reality of what companies are actually able to offer them, and in some cases they are right.

There’s a fine balance between a playground as an office and depressing grey cubicles underneath TL lighting. For the baby boomers that are used to the old school 9 to 5 ‘work hard, and then work some more’ work ethics it can be a turn off to work at a company designed for millennials which tend to be noisy and chaotic: Where the young people thrive the old won't survive.

To get a head start over competition and retain both your Millenial and Babyboom members and employees, make sure all your lines of communication are open and focus on lasting trends like health instead of purchasing another ball pit. Take into account that if the workplace isn’t right people tend to go elsewhere instead of stating their concerns. Support wellbeing and healthy lifestyles with benefits like fitness centre memberships, childcare centres and a special place to pick up parcels so you are ahead of the game.

Technology

Applications used to increase productivity are becoming more popular by the minute. With technology like video calls, online synced calendar planning, and even integrating with a cloud-based access control product like SALTO KS to book (meeting) rooms in advance, meetings can be organized in an agile way: Reducing a lot of frustration.

Another upcoming trend is using sensors to measure capacity and productivity to personalize the space to the needs of the employees. Together with two yearly surveys that will be sent automatically to the workers, you may end up with room dividers in your open space plan to increase focus.

Using technology to automate your space means more flexibility and personalization, which will be highly appreciated among any group of people.

Environmentally friendly

The trend that goes a long way: Running an environment-friendly space. To control costs but also to attract and retain employees that want to be associated with an environment-friendly office and, of course, to give back to mother earth. By choosing an HQ close to most employee’s homes so people don't have to drive to work will take your environmental friendly reputation to the next level.

Adopt technology to help you run a fully environmental friendly space:

  • Use sensors to turn off lights or heating when spaces are not being used
  • Reduce your carbon footprint by making more use of videoconferences like Google hangouts so employees don't have to air travel
  • Internal communication must be electronic. No excuse
  • Schedule meeting rooms by integrating your management tool with SALTO KS
  • There’s a growing and valid pressure from society to make workplaces more environment-friendly, be sure to follow this trend to collect extra karma points.

    Health

    All of the above contributes to the health of your employees. Embracing companies that will help you collect hard- and soft data from your space like happiness, health and many more details you can use to turn your office space into the best possible version of itself. Monitor your employee’s behaviour and habits. With this workplace analytics, you can adjust your office space accordingly. Some employees might feel the need to take a stroll in the office garden every hour or need a noise-cancelling headphone. Enable a work environment where people feel encouraged to maintain a healthy lifestyle and increase productivity and a positive atmosphere!

    Variety

    Embracing flexible workspace is a big trend that keeps evolving. Spaces, where collaboration is encouraged but also have room for deep focus, are high in demand. Choosing a corporate setting with break out spaces for collaboration or rooms for formal meetings are popular. Depending on your preferred kind of appearance the design of your space can be adjusted accordingly. A trendy open space designed tech office will attract millennials for example. If you are looking for more corporate audience go for the corporate setting. Always be aware of the need for flexibility among your employees. Even though the company is corporate some people will like the thought of working with flex desks. Offer variety, no person is the same: Each skillset deserves to have the proper environment to flourish!

    The workplace is changing rapidly. It’s not just about the building it’s about enabling an experience where collaboration and creativity have room to expand.

    Want to read more on creating a healthy work environment? Take a look at our previous blog post!

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    SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!

    Top 5 trends in student housing

    Student housing has changed a lot in the past few years. We are looking at a future where student’s requirements will continue to change at a rapid pace, as the technology behind Purpose Built Student Accommodation is getting smarter every year.

    We present you the top 5 trends in student housing to focus on in 2019 while working on the best housing experience for your students.

    Technology

    A high-quality student housing experience in 2019 includes smart technology. All students now days not only need to use their smartphones, tablets and laptops to socialize but more importantly: To study. Students need access to their online portals where they can find study specific assignments, grades and schedules. Therefore housing accommodations should be designed with efficient technology in mind. Free and fast Wi-Fi (25 MB per student per second at the lowest), automated Laundromats and keyless entries are just a glimpse of what a PBSA should offer nowadays. From a student’s perspective, all spaces in a student housing accommodation whether it’s a shared space or a private dorm room should be smart. An access control solution like SALTO KS can help to make your accommodation as efficient and smooth as possible by providing the utmost convenience and security to your students.

    Going green

    Students of today and tomorrow are most likely raised with sustainability in mind. Therefore a student housing accommodation that proves to be environmentally responsible is always ahead of the game. Sustainable certifications are not dull anymore; they have become an important selling point for all housing accommodations that want to be taken seriously. Student residences that promote well being and raise awareness are more likely to get picked by students and/or concerned parents. To create a sustainable student accommodation, LED lighting, green roofs and sustainable (interior) design is a good way to start out.

    Privacy

    A big ‘trend’ is of course privacy, and it has been for a while. Although more PBSA's are getting rid of gender-specific dorm communities, we are happy to inform you the classical dorm room where you share a room with five other students is no longer. More and more student accommodations are equipped with a suite layout that hosts’ two students that share one bathroom instead of the communal bathroom down the hall. Because younger students seem to care less about privacy then older graduates it is easier to divide the students amongst different types of rooms, fulfilling accommodation needs for every type of student.

    Assistants

    Moving from the parental home into a purpose-built accommodation can be a bit overwhelming. For the students, but also for their parents. To know the students are in good hands with the residential assistants that are available on- and off campus gives both parties peace of mind. Make sure you have student paraprofessionals on your premises that are welcoming and easy to talk to. One of the biggest put off is when campus staff is rude, unwelcoming and slow to react. Agile procedures that deal with requests and issues are a pro when choosing an accommodation to live in while going off to college. Make sure you have an annual review with your on- and off campus staff to be sure of student satisfaction.

    Housing

    Last but certainly not least: Housing. All of the above trends are of the utmost importance for a purpose-built student housing accommodation, but only if the core of the accommodation has just the right environment balance between learning and living. An accommodation that is in line with the campus identity enabling students to socialize, feel at home and focused studying is setting itself up for success. Make sure your utility bills are included in the rent, which is important for students who cant permit themselves getting unforeseen extra bills.

    Enable a high-quality housing experience for your students by equipping your Purpose Built Student Accommodation with the latest cloud-based access control technology.

    Contact us, we are happy to provide you with the information you need to take your accommodation to the next level.

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    SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee efficiency for your business. Integrate smart locks, start easily managing access now!

    These basics will create a healthy environment for your coworking members

    Consuming too much time in an unhealthy environment can cause multiple scary side effects like nausea, headaches or stress. Fortunately more and more coworking spaces come to see the benefits of creating a healthy environment for their visitors to thrive in. By becoming human-centred, these spaces promote productivity and well-being.

    A healthy work environment is one of the most valued benefits of a coworking space. It enables high levels of productivity, a raised engagement with the coworking community and overall it contributes to a great atmosphere if everybody is feeling their best self.

    We want to share some important insights on how to help your space become healthful by enabling a feeling of well-being.

    People who are travelling for work or have the ability to work remote are the lucky ones that are spending most of their time in a coworking space. These people usually are not taking proper care of themselves in terms of a healthy work/life balance. Digital nomads usually work around the clock in order to make the magic happen, and need a space that will keep them focused and healthy. The spaces that succeed are the ones that become the first choice when it comes to coworking.

    Healthy greens

    The benefits of working in a space filled with daylight and plants are not to be underestimated. Choose plants that purify the air: Members who are suffering from asthma can for example benefit tremendously by this relatively small adjustment. Plants also contribute to a happy color pallet with their variation of greens and contribute to noise reduction.

    Working spots

    Take into account a lot of flexible professionals are choosing to work from your coworking space because their home desk might not be that ergonomic friendly. Make sure that at least the biggest part of your space if filled with options that will maintain a healthy posture. Other members might have escaped from their corporate jobs to avoid the 9 to 5 culture and are looking for a more playful space to work in. Try to arrange your space with a 60/40 ratio: 60% ergonomic friendly and 40% playful to keep all members healthy but inspired.

    Keep moving

    Sitting down or standing up, either way it’s always a healthy idea to get the blood pumping and move around. If you happen to own a coworking space near the beach or in nature, it is the perfect opportunity to offer your flexible professionals bike and/or surfboard rental for a healthy break to de-stress. If not, you can offer ‘Bike desks’ so your members can paddle their way to that deadline while working on their fitness.

    Wellness programs

    If your space allows it, offering a yoga class before or after working hours is a real dealmaker. If your space won’t allow an in-house yoga class there are a lot of other things you can do to make your members fall in love with your space. Think about hiring a masseuse every other Friday that will loosen up the shoulders of your flexible professionals. Or offer a meditation class on Monday morning to start the week with a fresh and open mind. These breaks will pay back for themselves. They are necessary to prevent stress and burnouts.

    Fuel your members

    When working hard food isn’t necessarily on top of mind. It’s easy to grab the first snack that you see when you are on a tight deadline. This is where you come in. Make sure your space is filled with healthy food options like fruits and veggies that are easy to take on the go. Provide enough water taps where members can fill their environment-friendly water bottles. After all, a healthy mind lives in a healthy body.

    A happy community is a healthy community

    Last but certainly not least: Strive to build a community of flexible professionals that are eager to help each other out. You can enable this by organizing a collective walk in the park in the afternoons. Your members will rediscover that healthy and necessary connection with nature again. Creating a spot in the space where people can jot down their tips to overcome stress, other helpful tips, inspiring messages or a good joke can also be a fun way to enforce a healthy member community. After a while, your members will lift each other up and inspire to do their best work, including you!

    There are several coworking spaces around the world that already are picking up on the trend of member well being. Check out this article to find out where on the globe these spaces are contributing to a healthier work/life balance.

    Contact us and find out how you can eliminate the stress that is access control management by installing SALTO KS: The smart way to control access to your space.

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    SALTO KS provides a flexible access control management system that requires no software installation or the added expense of a fully-wired electronic product. Modern cloud-based, wireless access control system is easy and simple to use for businesses including Coworking Spaces, Coliving Buildings, Purpose Built Student Accommodation, Retail, Multi-Tenant Housing, Gyms and many more. Our best in class wireless access control solution and smart locks guarantee the efficiency for your business. Integrate smart locks, start easily managing wireless access control now!