SmartRent (SMRT) Launches VAR Program to Expand Into SMB Multifamily Housing Market

SmartRent Inc. (NYSE:SMRT) is one of the best technology penny stocks to invest in according to hedge funds. On April 27, SmartRent launched a strategic value-added reseller/VAR program to expand its market reach into the small and mid-market multifamily housing segments. SKBM Smart Technology, a long-term installation partner, has been named the program’s first reseller. This initiative is a core component of the company’s “Vision 2028” program and its “March to One Million” IoT-unit goal, aiming to capture a larger share of the 40-million-unit US rental market.

While SmartRent currently maintains a strong presence among top-tier multifamily portfolios (with over 900,000 IoT units already deployed), the company identifies the broader mid-market as a substantial growth vector. By partnering with resellers like SKBM, SmartRent can provide more localized, high-touch engagement to smaller operators. The CEO noted that this expansion of the go-to-market team will complement the company’s dedicated in-house sales force to drive durable revenue growth.

SmartRent (SMRT) Launches VAR Program to Expand Into SMB Multifamily Housing Market

SKBM Smart Technology will use its established sales teams and industry relationships to deliver SmartRent Inc.’s (NYSE:SMRT) smart community and operations solutions to these new segments. Bill Myers, Co-Founder and COO of SKBM, expressed that his team is uniquely positioned to meet the specific needs of property owners in this expansive sector.

SmartRent Inc. (NYSE:SMRT) offers AI-enabled smart building solutions and management software, with its integrated hardware and cloud-based platforms. It is included in our list of the best AI stocks.

While we acknowledge the risk and potential of SMRT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SMRT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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