Monnit Remote Monitoring Solutions for Foreclosed Property Management.

Monnit Wireless Sensor Solutions for Foreclosed Property Management

“Your model could be intriguing to those banks / property manager who realize that they need to expend relatively small capital dollars to protect their assets.”    – Bank Property Manager, North Carolina

Financial institutions and asset management companies have more inventory under management than at any previous time in history. Managing these assets efficiently, yet cost effectively is a growing problem. You’re not able to be everywhere 24/7 through traditional means currently available. Or can you?

Monnit has developed a wireless sensor solution for financial and asset management corporations to know instantly if something is amiss on location; know about issues before they become problems. For example:

  • Avoid frozen pipes by using a temperature sensor to notify you before water damage occurs.
  • Using water sensors in second story laundry rooms and utility closets lets you know about drips and leaks before they do extensive damage to wood, dry wall, carpet and padding.
  • Be notified about unauthorized access to the property as it happens with open/close sensors. Know if you have potential squatters on premesis, alerting you of trespassers intent on destruction or theft of appliances and expensive fixtures.

Protect Your Assets
You’ve acquired an asset through any number of means and now your goal is to keep it in sellable condition until you can find a qualified buyer. How do you protect your investment while spending the least amount of money to do so?

Using wireless sensors to monitor your assets give you the ability to know about any number of events before they become costly problems.

Measureable ROI
You’re goal is to maintain the property in its best condition with minimum output of capital to that end. Property management groups can do this for you, or you can have an employee driving around to each location doing spot checks. But what is the cost associated with those two options?

Even if you did get a great rate from a management company, or had an employee with lots of extra time on their hands, they can’t be there for you 24/7. With Monnit’s wireless sensors and monitoring service you will be notified of anything wrong at a property no matter when it happens.

The question you have to ask yourself is, what does it cost you NOT to know what’s going on with your assets?

Remote Monitoring
Odds are not all of your assets are near you. Most businesses with multiple assets under management have units tens, hundreds, and even thousands of miles away from their headquarters.

Implementing Monnit’s wireless monitoring service, you can know immediately from New York what’s happening with your assets in Las Vegas and make split second decisions on how best to react.

Easy Installation and Portable
Monnit’s wireless sensor kits are ready to go out of the box – anyone can install the sensor network; no technical experience necessary. Simply pull the sensors out of the box, place in the desired location and turn them on. (Click here for more detail on how the Monnit Wireless Sensor System works.)

And the best part is, once your asset sells, simply box up the network and move it to the next property.

View Available Sensors
Monnit makes it easy for you to get started. View our available wireless sensor products.