ButterflyMX Smart Intercom Pricing, Features, & Overview | Proptech Spotlight

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  • Опубликовано: 19 фев 2022
  • While exploring options for smart access controls for my condo conversion, I got a quote from ButterflyMX... On literally all their products. And they were good sports about it and let me share all their pricing in this video.
    ButterflyMX is a late stage proptech company that produces smart intercom products for multifamily and office buildings. They offer 4 versions of their intercom (7" and 11.6", recessed and surface mounted), a keypad, key locker, and elevator access controls. And the software has a growing library of integrations with other access control hardware and software.
    ButterflyMX's website: www.butterflymx.com
    ----------------------
    My name is Derek- I'm The Proptech Scout (and a real estate developer). I'm on a mission to find best-in-class proptech that real estate developers and landlords want to use, and I'm documenting it all on this channel and www.theproptechscout.com
    Are you a proptech startup founder looking to get more exposure to customers? Or a real estate owner looking to improve efficiency through technology? For 1-on-1 advisory services, reach out to me on linkedin: / derek-hsiang-4576774
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Комментарии • 14

  • @NYCHeckler
    @NYCHeckler 2 года назад +2

    Just placed in a 104 unit building. Cost was $42/unit. 11.6 intercom was $5995, $4268/year for software. To put that in prospective, The quote to replace the existing wired Unitone intercom which included a new interface in new boxes in each individual unit was over $60,000 ip front. That system had no smart features besides a wall screen and no mobile application. $10,300 year 1, $4300 per year after. If you do the math it would take almost 13 years paying for the system just equal the price of a traditional wired old system. It’s a great product.

  • @SoundArtRecording
    @SoundArtRecording 2 месяца назад

    This does not include the yearly maintenance fee that can range as an extra $1500 to $2000 per year. This is a cost that they charge for managing the system itself. Also, there are a lot of different pricing options. Some prices could go up to $15 per month, depending on what other applications you want, such as a payment gateway for utilities, etc.
    .

  • @edritger7233
    @edritger7233 2 года назад +2

    Seems like a great product, but out of range budget wise for smaller buildings. Do you have any recommendations for similar systems for use in buildings that are under 10 units? Great video, thanks!

    • @ingamelevi1929
      @ingamelevi1929 Год назад

      If I were in your shoes, I'd look towards F.O.S.S./Open Source software compatible with Raspberry Pis.
      Most systems that require a server-end to be run will have a pre-compiled application, whether that be for Windows or Linux. Although with so many distributions of Linux out there, I'd look at the options on the software itself and use that to determine what the server runs on.
      CentOS/RedHat are generally the two distributions that massive corporations go to.

  • @bankayhoodlum
    @bankayhoodlum 2 года назад

    What happens when the power goes out and/or the internet goes down?

    • @TheProptechScout
      @TheProptechScout  2 года назад +2

      An uninterrupted power supply is required- it's essentially battery backup to prevent the system from shutting down during outages. If the backup battery runs out, then you'll have to use physical keys. As for internet going down, any cloud-based functions won't work, but localized functions like PINs, bluetooth, and NFC will still work.

  • @kristopherchung1467
    @kristopherchung1467 2 года назад

    Quite interesting man…some very handy features. Is it possible to factor in the monthly cost of this into the HOA fees?

    • @TheProptechScout
      @TheProptechScout  2 года назад

      The costs would be a little more predictable since they have a fixed monthly fee. Whereas the cost of dealing with one-off incidents like package thefts and lockouts has to be estimated.

    • @kristopherchung1467
      @kristopherchung1467 2 года назад +1

      It’s just dawned on me…Do you think there will be apprehension on the path of the residence seeing as this system will be connected to the internet and in the event it is hacked, it could lead to them to being very vulnerable?

    • @TheProptechScout
      @TheProptechScout  2 года назад +3

      Every IoT company I've worked with gets this question a lot, and their answer is always no, it's not an issue. As long as users keep their passwords safe, it's incredibly difficult to hack any kind of IOT system. For access control systems- the level of sophistication needed to break a physical lock (I've seen people just use screwdrivers) is way lower than trying to hack wifi or bluetooth connections. It's not impossible, but if someone wants to break in, the old fashioned hardware is way more vulnerable than the software.

  • @bankayhoodlum
    @bankayhoodlum 2 года назад +1

    Also, what happens when somebody smashes it with a bat?

    • @TheProptechScout
      @TheProptechScout  2 года назад +2

      Smashing things with bats tends to break them 😑

    • @SoundArtRecording
      @SoundArtRecording 2 месяца назад

      There is no IP rating on any of their units, so there is no vandal protection.

  • @herbertvega2904
    @herbertvega2904 2 года назад +2

    Why make something so simple as opening a door so complicated.