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SmartRent Launches Industry-First Automated Smart Thermostat Climate Protection Function
SmartRent Launches Industry-First Automated Smart Thermostat Climate Protection
About this update from Smartrent, Inc.
SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the launch of its Climate Protection Mode feature. Built into SmartRent Alloy SmartHome Hub+ and Alloy Fusion thermostats, this first-of-its-kind asset protection technology provides a proactive defense against the leading causes of property damage: water, mold and moisture resulting from extreme environmental conditions.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260608749725/en/Built into SmartRent Alloy SmartHome Hub+ and Alloy Fusion thermostats, Climate Protection Mode provides a proactive defense against the leading causes of property damage: water, mold and moisture resulting from extreme environmental conditions.As the multifamily industry faces mounting insurance pressure, with premiums surging an average of 55% since 2021, Climate Protection Mode introduces a necessary layer of portfolio resilience. Unlike standard thermostat programming, the feature functions as a silent, secondary fail-safe designed for emergency mitigation. The system remains dormant unless ambient conditions reach dangerous extremes—below 42°F, above 98°F or if humidity exceeds 80%—at which point the system activates automatically to restore a safe baseline without encroaching on daily resident settings.“We designed Climate Protection Mode to act as an automated baseline for risk management,” said Chief Information Officer Sangeeth Ponathil. “By coding these safety thresholds directly on our Alloy SmartHome Hub+ and Alloy Fusion hardware, we are providing a hands-off asset protection tool that reduces human margin for error and addresses catastrophic damage before it impacts NOI, all while respecting resident privacy and daily autonomy.”While the average repair cost for a burst pipe at multifamily properties is approximately $15,000, operators often report damages between $30,000-$50,000, particularly in high- and mid-rise communities where flooding can impact multiple floors. Operators also incur an average of $7,650 in additional losses per incident related to resident displacement and rent loss. By aiming to prevent these failures, Climate Protection Mode protects the resident's home and belongings while potentially positioning ow...