HappyCo

Calculating the ROI for Mobile
Inspections in Multifamily


The Business Case for Moving to a Modern Mobile Inspection Platform

Apartment management involves several operational processes requiring inspections to track property conditions during Move-In/Move-Out, but also daily and weekly checks like lighting, fire prevention, playground safety, maintenance, and more. Many operators still use paper-based inspections, which highly limits the ability to track trends globally or access information instantly.

Moving off paper inspections should be a priority for any Apartment executive because the ROI is substantial, but turning to a legacy software provider for a real-time mobile solution is not a good investment.

Modern Mobile Inspections
 vs. Paper Inspections

Incremental top-line revenue and bottomline improvements add up substantially when multiplied across your Multifamily portfolio. A modern mobile inspection solution returns significant ROI over paper inspections: from higher damage charges to faster unit downtime and more efficient labor to lowering your legal liability to higher preventative maintenance compliance that ensures your sustainability initiatives don’t leak your capital investment dollars.

$1.1M+ Recurring Annual ROI for 10K+ UNITS

Segment

TOP 50

51-100

101-200

201-300

301-400

401-500

501-600

601-750

751-1000

1001-2000

  1. 47,511
  2. 32,000
  3. 20,000
  4. 13,000
  5. 10,078
  6. 08,500
  7. 07,143
  8. 05,824
  9. 04,500
  10. 02,595
  11. 0

Median Units

Segment indicates the size of the Multifamily owner or operator based on total units.

For example, Top 50 owners/operators median units are 47,511. The ROI calculations are based on median units of that segment.

Annual Recurring ROI

$5,303,219

$1.1M+ Recurring Annual ROI for 10K+ UNITS

 

Segment

TOP 50


47,511

Median Units

Segment

51-100


32,000

Median Units

Segment

101-200


20,000

Median Units

Segment

201-300


13,000

Median Units

Segment

301-400


10,078

Median Units

Segment

401-500


8,500

Median Units

Segment

501-600


7,143

Median Units

Segment

601-750


5,824

Median Units

Segment

751-1000


4,500

Median Units

Segment

1001-2000


2,595

Median Units

 

Annual Recurring ROI

$5,303,219

  • Damage Recovery ROI
  • Unit Downtime ROI
  • Labor Savings
  • Preventative Maintenance ROI
  • Legal Avoidance
  • Paper Savings
  • Damage Recovery ROI
  • Unit Downtime ROI
  • Labor Savings
  • Preventative Maintenance ROI
  • Legal Avoidance
  • Paper Savings

For owners or operators with 1,000 or more units

Modern Mobile Inspections
 vs. Legacy Software

While your legacy software provider may excel at enterprise desktop and server applications, the engineering skills required for mobile development are entirely different. And building mobile applications on top of old tech stacks most often results in a poor experience with limited flexibility or real-time capabilities. That’s why choosing a legacy software provider for a real-time mobile solution is not the best investment due to issues with poor user adoption, long deployments, higher initial training costs and higher ongoing operating costs.

$909K+ Recurring Annual ROI for 10K+ UNITS
and $828K 1X ROI

Segment

TOP 50

51-100

101-200

201-300

301-400

401-500

501-600

601-750

751-1000

1001-2000

  1. 47,511
  2. 32,000
  3. 20,000
  4. 13,000
  5. 10,078
  6. 08,500
  7. 07,143
  8. 05,824
  9. 04,500
  10. 02,595
  11. 0

Median Units

Segment indicates the size of the Multifamily owner or operator based on total units.

For example, Top 50 owners/operators median units are 47,511. The ROI calculations are based on median units of that segment.

One-Time Gross ROI

$3,668,130

+

Annual Recurring ROI

$4,271,428

=

First Year ROI

$7,939,558

$909K+ Recurring Annual ROI for 10K+ UNITS and $828K 1X ROI

 

Segment

TOP 50


47,511

Median Units

Segment

51-100


32,000

Median Units

Segment

101-200


20,000

Median Units

Segment

201-300


13,000

Median Units

Segment

301-400


10,078

Median Units

Segment

401-500


8,500

Median Units

Segment

501-600


7,143

Median Units

Segment

601-750


5,824

Median Units

Segment

751-1000


4,500

Median Units

Segment

1001-2000


2,595

Median Units

 

One-Time Gross ROI

$3,668,130

+

Annual Recurring ROI

$4,271,428

=

First Year ROI

$7,939,558

  • Damage Recovery ROI
  • Unit Downtime ROI
  • Labor Savings
  • Preventative Maintenance ROI
  • Legal Avoidance
  • Ongoing Operating ROI
  • One Time Opportunity Cost
  • One Time Training & Deployment
  • Damage Recovery ROI
  • Unit Downtime ROI
  • Labor Savings
  • Preventative Maintenance ROI
  • Legal Avoidance
  • Ongoing Operating ROI
  • One Time Opportunity Cost
  • One Time Training & Deployment

For owners or operators with 1,000 or more units

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