Lockwise: Smart Access Control Platform for Landlords
Business Overview
Overview
Lockwise offers an integrated, cloud-based solution for landlords to remotely issue, monitor, and revoke access across multiple properties. By combining robust digital lock hardware with an AI-powered SaaS dashboard and mobile app, Lockwise drastically reduces the inefficiencies and security risks of traditional key management. Both residential and commercial property owners benefit from streamlined tenant on-boarding, instant access changes, and real-time security alerts.
Key Features
- Instant Digital Access Management: Issue and revoke digital keys in one click, eliminating physical key exchanges.
- Tenant/Renter Profiles: Manage and monitor each user’s access, including audit trails and entry times.
- AI Security Monitoring: Proactive alerts and anomaly detection, such as unusual access patterns or failed entry attempts.
- Mobile App Integration: Landlords can manage properties, grant temporary access, and receive alerts from anywhere.
User Experience and Scalability
The Lockwise dashboard is designed for ease of use even for non-technical landlords. Automated onboarding guides and built-in support enable rapid deployment across portfolios of any size. The system can scale from a single rental property up to large commercial complexes, with flexible permissions and billing. Tenants benefit from keyless, secure entry and landlords enjoy reduced operational headaches and increased rental appeal.
Market Opportunity
With the property management industry rapidly embracing digital transformation, smart locks are becoming standard. Studies show over 30% of new builds in 2024 integrated smart security, and over 60% of landlords seek access control automation. Lockwise targets the underserved niche of multi-unit property managers and commercial landlords who need scalable, secure solutions, offering recurring SaaS revenue potential and high retention.
Industry Trends and Demand
Growing security concerns and the rise of remote property management have accelerated demand for digital lock solutions. Market research projects the global smart lock market to exceed $6B by 2027, buoyed by adoption in real estate and commercial sectors.
Key competitors mostly focus on single-family or individual use cases, leaving a gap for advanced, landlord-centric solutions. Lockwise’s comprehensive SaaS approach, integrating AI and real-time monitoring, provides distinct value over basic app-based locks.
Target Market: Medium-large residential property managers, commercial landlords, and short-term rental hosts prioritize security and automation. Early adoption in major urban centers and rapid proliferation due to remote property management trends.
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