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Last Updated: August 20th, 2021 | Sustainable Business
Many people know that electric vehicles are already here, the savvy apartment managers knows how to benefit from them. In California, the law requires EV charging stations at various types of residential properties. However, lots of EV owners still don’t know that charging up at their apartment or condo is a viable option. The idea that charging might be available at home is incredibly enticing for many EV drivers. But for rental property owners and managers, there are still questions. How many chargers can I install? What kind of charging infrastructure best suits the needs, and operations for multi-unit dwellings? What’s the best EV charger for my residential properties? Not to the mention what goes into the day-to-day operations for maintaining a station for condo or apartment EV charging. Noodoe is here to answer your burning questions.
EV charging increases both! EV drivers tend to be just the kind of high-value tenants that apartments want to attract. Offering amenities that mean something – like the cost and time-saving benefit of EV charging – keeps those tenants for the long haul. Apartments offering EV charging show potential tenants that they’re aware of residents’ needs and know what’s important to them.
Your chargers are your own. While Noodoe is here to support you when needed, we don’t own the chargers. Sit back, and enjoy all the benefits of improving your site and your business. You don’t need to worry about whether the benefits are there to stay.
All Noodoe chargers are managed through Noodoe EV OS. It’s a robust cloud-based operating system that runs Noodoe EV charging stations. It’s a powerful system made to make your life easier when it comes to controlling your EV charging network. It helps you control pricing, manage every charger in your network, and see vital usage and status reports with the click of a button. At Noodoe, we believe in ease and efficiency, so EV OS is made to grow with you and your network of connected chargers.
While a complete answer can’t be given without a site feasibility visit, that doesn’t mean you can’t get an idea of what your charging operation might look like. Software-based load balancing (a microservice in Noodoe EV OS) helps extend your existing power capabilities. That’s because load balancing allows for a 4-to-1 ratio of chargers to breakers. You can have more chargers on the same breaker without breaking the bank with hefty upgrade options.
This mostly depends on how your parking situation is structured. If you assign parking, then it’s easy to install chargers for tenants who already have EVs and want charging stations. Monetization is easy, too. Tenants with assigned chargers can pay based on usage or have a flat monthly cost added to their rent. However, for unassigned and pay-as-you-go guest parking, membership management is the easiest way to track charging usage.
Monetization comes in a few forms, and it’s up to you which one you want. While some rental properties bundle charging into the total rent for an apartment (meaning higher rent with EV charging as a free amenity), others choose instead to charge only those who use them to power up their EVs. You can monetize them outright by making your chargers available to anyone with a credit card or Apple/Google Pay, but a lot of multi-unit residences opt for charging memberships. Residents charge via a membership card stored on their phone or a physical RFID card. This setup tracks charger usage and shows management who’s using which charger. It also allows chargers to be available for charging at two different rates: a members-only price and another price for visitors or local drivers.
In Noodoe EV OS, you can choose to charge by a dollar value per hour or by a kW usage value. Operators can even change pricing based on the time of day, or the day of the week (or both!). Does demand go up in the evenings? Charge more for powering up during peak times and then decrease your rates to encourage nearby drivers to use your chargers during the day. The choices are all yours.
Charging up at a rental property doesn’t have to be a headache. Neither does offering tenants important home amenities. Adding EV charging to your rental property will increase its value and encourage valuable tenants to choose your location and remain longer. Robust features like load balancing and membership management make Noodoe EV OS the best choice for your charging network needs.
Installing and managing EV charging for apartments, condos, or multifamily properties doesn’t have to be complicated.
Noodoe VP of Sales Jeff Rothe has over 6 years of experience helping property owners set up EV charging programs. In less than 5 minutes, he’ll walk you through the basics of EV charging and what you need to get up and running quickly, easily, and cost-efficiently.
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