Page 40 - NY Cooperator Expo April 2019

40 THE COOPERATOR —APRIL 2019 COOPERATOR.COM We Offer: • A full spectrum of real estate services • Preventative approach to maintenance • Staff management • Comprehensive online reporting. At Vanderbilt Property Management, we’ve built our company on time-honored principles of hardwork, knowledge, and attention to detail. We’ve been providing real estate management services for over 30 years, developing best practices in reporting, project management, communication, and more. V The professionalism youve been seeking ’ Vanderbilt; Informed. Involved. Steven W. Birbach, President Vanderbilt Property Management LLC Tel: (212)736-0112 ext. 815 info@vanderbiltpm.com • www.vanderbiltpm.com C M Y CM MY CY CMY K 2019-SPRING-Cooperator-COLOR.pdf 1 3/8/19 5:23 PM I t’s been a long time since most peo- ple have felt comfortable just leaving their front doors unlocked. For bet- ter or worse, security has become the or- der of the day – and technology follows security needs. Today, that path leads to electronic access. And according to Bob Maunsell, the CEO of Electronic Security Group in West Boylston, Massachusetts, when it comes apartment living, that usually means key fobs. “Anyone who is in the process of re- financing or doing any major capital improvements are installing keyless en- try systems,” says Maunsell. “Everyone is moving toward key fobs. They’re also doing intercom upgrading and video surveillance and getting rid of old-fash- ioned mechanical keys, since there is no way to keep track of them.” That lack of security tracking is a ma- jor factor in replacing old metal key sys- tems with electronic fob systems. “With keyless entry,” Maunsell says, “you know who has entered the building and at what time. You can disable a fob when it’s lost, or when a tenant moves out. It’s easier than having a locksmith come and change the lock.” Changing a lock on an entry door also requires replacing what could be dozens or even hundreds of keys. Electronic technology simply eliminates that problem. Tony Dahlin, a security expert and owner of Bullis Lock Co., in Chicago, says: “Fob popularity has become prolific as the price has dropped. \\\[They’ve\\\] long been popular in the commercial sector, but with the price dropping, condos and apartment buildings are increasingly us- ing the technology. Basically, fobs elimi- nate the need for a physical key. If you hand somebody a key and they don’t return it, you have to change the locks. They can make duplicates of the missing key, and you don’t know who has access to your building. With fobs, that can’t happen – they give you control over who enters, and when. If a fob is lost, you just go into the software and eliminate it without affecting anyone else’s usage.” How We Got Here The first big move away from physi- cal keys was in the early 1990s, with the introduction of Dallas chip keys, also known as ‘transponder keys.’ They were originally used as a car-key technology, Keys, Key Fobs, and Door Codes Controlling Access to Your Building BY A J SIDRANSKY MANAGEMENT See us at Booth 329