What if you could meet the EV charging needs of your community and increase your NOI at the same time?
Making the investment in electric vehicle (EV) charging infrastructure for multifamily housing can be incredibly beneficial, both now and as the technology advances. The move to add EV charging stations makes it easier for environmentally conscious tenants to charge their vehicles while at home - where most people keep their cars the longest.
Beyond creating a new amenity, investing even modestly in EV infrastructure can attract high-value tenants who are looking for eco-friendly options for daily transportation, allowing property owners to capitalize on higher rents. Additionally, the added value of having AC charging stations can increase property values and make your development more attractive to potential investors. Keeping up with evolving trends gives you an edge right now and sets you up for success when cities and states start introducing regulations around EVs.
With the demand of electric vehicles surging, multifamily owners and operators are faced with the need for an adequate number of charging stations for tenants who own electric vehicles.
What if you could meet the EV charging needs of your community and increase your NOI at the same time?
Sounds too good to be true?
Take Sarah for example, she lives in a nice community with a few EV charging stations, but when it’s time to drive home from work, she’s worried someone else will beat her to the charging unit before she arrives. Day after day Sarah faces the same charge anxiety and this stress leads her to look for a new community more in line with her needs.
But what if Sarah could lease a parking space that includes her own Bluetooth-controlled access EV charging unit? She wouldn’t have to worry whether she’ll be able to get her vehicle fully charged at night, because she’d have her own reserved parking space with her own EV charging unit.
Communities are familiar with reserved parking spaces being leased out for a fee to tenants and the benefits to you as the owner / operator are clear. Not only are you meeting the needs of existing tenants, but also helping future tenants choose your community. You are adding value to your bottom line through the leased parking spaces and higher occupancy rates. And you already know that a reserved parking space for $50 a month increases your NOI by $600 annually and using a cap rate of 5% increases the value of your property by $12,000.
In our scenario, Sarah wants relief from charge anxiety and is willing to pay for the electric power and the peace of mind that comes with having her own dedicated parking space with an EV charging unit.
Let us show you how you can implement EV charging stations in your community while increasing your assets’ value at the same time.
…. And where every other EV company requires you to share revenue, with American Charging… you get to keep all of the revenue for yourself.
That’s a win for the tenant and you!
It’s the American way with American Charging.
