Nobody is immune to the frustration of a neighbor who treats the parking lot like a game of musical chairs—grabbing the best spot with no regard for who’s left standing. Or those who park inconsiderately across lines and prevent the next space from being used. It’s so much easier to stay friends when there are no grey areas around who parks where!
Sadly, even in some communities where parking spaces are allocated, residents still struggle to locate a spot as they continually find someone illegally parked in their assigned parking space. In resident reviews, these things can make the difference between glowing feedback and frustrated complaints, causing retention challenges and a big headache for multi-family owners and asset managers alike.
Unfortunately, multi-family communities are facing increasing challenges of this kind. Drive through almost any multi-family development in a popular urban area at certain times of day, and you’ll likely notice the same scene: drivers circling for spots, vehicles crammed into every available space, and frustrated residents forced to leave home and find parking elsewhere.
So where is this parking crisis coming from?
One reason is that, historically, developers were required to allocate a certain number of parking spaces per unit. However, with increasing urban density and a push toward reducing car dependency, many cities have capped parking space availability. While this benefits developers by lowering costs, the same can’t be said for residents and multi-family unit managers.
As rising rent prices have encouraged co-living arrangements, more cars are now owned per household than would originally have been planned for. To make matters worse, some properties are now being forced to share parking with mixed-use businesses, further reducing availability. It all makes finding a space to park close to where you live a challenge in itself, never mind having a friend or relative to visit!
What is the solution to this conundrum?
Well, an obvious solution would be to designate more parking spaces for multi-family units. However, increasing parking requires a hefty layout of capital – it’s expensive to construct lots, particularly in urban areas, and many developers prefer to forgo as much of that expense as possible. And, of course, there is the legislation many developers are now subject to governing the maximum number of spaces per unit.
A proactive approach to parking management is needed as it can transform these multi-family parking challenges into opportunities and improve not only tenant satisfaction but the well-being of multi-family owners and asset managers and the profitability of the whole asset.
A single solution for mutiple multi-family challenges
Paralign’s AI-driven vision technology is designed to make life easier for asset managers and residents alike. Paralign vision technology captures images of vehicles entering and exiting parking facilities and provides an accurate system of record (over 99.8%), giving information on entry and exit activity, thus enabling management teams to monitor capacity and understand parker behavior.
Paralign’s parking software helps operators understand occupancy trends, ensuring optimal use and oversight of existing parking areas. These insights into availability not only help with optimization but the system checks compliance with parking facility regulations. Parking management are can be informed when infringement has occurred and the consequence of violation can be determined by the operator in real time – for example, notice issuance and an enforcement boot-tow option are made available via our trusted partnerships.
Guest Parking Made Easy
Many properties struggle with guest parking, however, Paralign’s parking software offers a seamless guest parking solution, allowing visitors to be whitelisted ahead of time while ensuring that resident parking remains protected.
Advanced Enforcement with Boot-Tow Capabilities
Before unauthorized parking becomes a major headache for both residents and property managers, it’s time to take preventative measures. Paralign’s Advanced Enforcement modular add-on enables swift automated monitoring and pain free enforcement. When an unauthorized vehicle is detected, the system can trigger booting or towing procedures, ensuring compliance and keeping resident parking available. This automated enforcement drastically reduces complaints, encourages long-term compliance and increases tenant satisfaction.
Optimized Parking for the Future
With electric vehicle (EV) ownership on the rise, multi-family communities must balance traditional parking needs with the demand for charging stations. Anyone who owns an EV would probably prefer to charge it at home. Paralign helps properties strategically manage EV spaces, preventing non-EV vehicles from occupying charging spots and ensuring equitable access for residents.
Paralign’s system minimizes unauthorized parking and optimizing space lot utilization, making it a solution that improves ROI, offsetting its cost with measurable financial benefits.
Future-Proof Your Parking with Paralign
Managing multi-family parking doesn’t have to be fraught with frustration. With Paralign, multi-family communities can embrace safer, smarter, and smoother parking management that benefits both residents and property teams.
- Increase resident satisfaction with guaranteed space availability
- Eliminate unauthorized parking with advanced enforcement tools via our trusted partnerships
- Enhance reputation and retention by removing parking headaches
- Optimize guest parking and EV space management
