Case Study: DoorBill – Revolutionizing Property Management with a Smart, Cost-Effective Solution
Client: Mission Workspace
Industry: Property Management
Solution: DoorBill – Custom Software for Smart Lock Access and Rental Billing
Introduction
Mission Workspace, a player in the property management arena, encountered a prevalent challenge: integrating a smart lock and co-working software solution that was efficient and economically feasible. Conventional solutions were overly complex and prohibitively expensive, with quotes ranging between $50,000 and $100,000. Enter Doejo, with their tailored, streamlined solution: DoorBill.
Challenge
Mission Workspace needed a system for a 50-unit office building that could manage smart lock access and rental billing seamlessly. The market’s fragmented solutions led to operational inefficiencies and excessive costs. The client sought a solution that was straightforward, effective, and affordable.
Solution
Doejo sourced an economical Bluetooth lock, initially priced at $250 retail, and obtained it at $150 wholesale. Including a locksmith fee of $50 per door, the hardware expenses were significantly reduced.
The pivotal component was the development of DoorBill, a bespoke software solution tailored for Mission Workspace. DoorBill integrates with the smart locks, facilitating efficient tenant access management and rental billing. Key features of the solution include:
- Simplified Operations: A unified system for access control and billing.
- Cost-Effectiveness: Drastically lower initial and recurring costs compared to other market options.
- Scalability: Versatile for various property types, including office spaces, multifamily units, and storage facilities.
- User-Friendly Interface: An intuitive design for both administrators and tenants.
Results
Implementing DoorBill in the 50-unit office building marked a significant advancement in operational efficiency and cost-effectiveness:
- Reduced Costs: Hardware and installation expenses were a fraction of those quoted by other providers.
- Enhanced Accessibility: Streamlined tenant access, eliminating the need for conventional keys or intricate access systems.
- Efficient Management: A simplified rental billing process, leading to time savings and reduced errors.
- Positive Feedback: Tenants valued the straightforward access and billing system.
Financial Analysis
Cost Breakdown:
- Hardware Costs (Smart Locks):
- Wholesale Price per Lock: $150
- Total Locks: 50
- Total Hardware Cost: $7,500
- Locksmith Fees:
- Fee Per Door: $50
- Total Doors: 50
- Total Locksmith Cost: $2,500
- Software Solution (DoorBill):
- Development and implementation costs not specified.
Total Implementation Cost:
- Hardware + Locksmith Fees = $10,000 (excluding software development costs)
Initial Quotes Comparison:
- Ranged from $50,000 to $100,000
Estimated Savings:
- Between $40,000 and $90,000, based on initial quotes, excluding DoorBill’s software development costs.
Conclusion
DoorBill’s introduction by Doejo marked a significant shift in property management solutions, achieving operational efficiency and setting new benchmarks in affordability and simplicity. The solution’s substantial cost savings, estimated between $40,000 and $90,000 compared to initial quotes, underscore its value proposition. This analysis does not encompass the long-term operational savings or the software development costs for DoorBill, which are pivotal in assessing the overall financial impact. As DoorBill evolves, it signals a promising future for landlords seeking smart, cost-effective property management solutions.
