The FlexiSmart system involves a modular, plug-and-play framework that can integrate with existing electrical systems and infrastructure without significant rewiring or structural changes.

It includes smart thermostats, lighting, locks, and intercoms that communicate wirelessly through a centralized hub.

Property managers can manage these systems via a secure cloud-based platform, allowing easy monitoring and control of all units from a single dashboard.

The modules are designed to be self-installable with optional professional service for larger deployments, significantly reducing labor costs.

FlexiSmart's unique selling point is its ease of installation and retrofit nature, allowing for the seamless integration of smart technology into existing buildings without the need for extensive infrastructural changes.

This reduces initial costs and complexity, offering multi-family building owners the ability to enhance their property value and tenant satisfaction at a competitive price point.

The technology for smart devices is mature and readily available in the market.

Wireless networking and smart hubs ensure the interoperability necessary for a seamless operation.

However, regulatory standards and compatibility with existing infrastructure may pose challenges.

Initial partnership with established IoT device manufacturers can help mitigate these risks.