Dwellwell, a data and analytics product that monitors whole-home health, launched with the aim of transforming the maintenance of residential properties, according to the company. Dwellwell Analytics, based in Bethesda, MD, has raised over $12 million in seed funding from the State of Maryland and leaders in the proptech, engineering and real estate industries since its inception. foundation in 2018.
Dwellwell combines patent-pending multi-sensor technology and artificial intelligence to take the guesswork out of maintenance for residential property owners and portfolio managers. The product provides remote monitoring and alerts for all major home systems, including HVAC, electrical, and plumbing, and also provides an overview of environmental aspects of the home, including temperature, occupancy carbon dioxide and humidity. By providing the ability to identify maintenance issues as they arise – and potentially the ability to predict issues before they occur – Dwellwell enables users to proactively address repairs, reducing costs and reducing costs. prevent major system failures.
“In the United States, we have 100 million cars on the road, and all of them have a check engine light. By contract, we have 130 million homes, and none of them have a check engine light. Legacy smart home products typically focus on one aspect of a residence, and there hasn’t been a complete solution for whole-home monitoring,” says Dan Simpkins, co-founder and CEO of Dwellwell. “With Dwellwell, we are introducing a much-needed holistic solution. Our team of recognized experts in the fields of sensor technology, product design, proptech and artificial intelligence have created a product that reinvents maintenance. prevention from home, using data and analysis.
Streamlining maintenance can help multi-family real estate operators and single-family rental (SFR) owners control costs and protect real estate assets. Currently, SFR and multi-family businesses are facing increased maintenance costs of 5% to 10% per year and are experiencing reduced staffing to support properties, according to Dwellwell.
“As an all-in-one tool, Dwellwell provides property managers with an unparalleled level of visibility into the health of the whole residence,” says Tim Naughton, former CEO of AvalonBay Communities and one of the first Dwellwell property investors. “This technological solution is unprecedented, allowing them to move from reactive repairs to proactive, planned and even preventive maintenance. I look forward to seeing it deployed and adopted by the industry.
Dwellwell provides real-time visibility into the physical condition of occupied and vacant homes, helping property managers overseeing large portfolios. The product helps managers optimize time and efficiency during on-site property visits by focusing resources on issues already identified by Dwellwell.