Property management market is to be transformed by the digital transformation that’s it’s affecting all other sectors. Real estate and Property Management are no different from many of the sectors that are being disrupted by digital transformation, everything from financial services two transportation services are being formed by Innovative Technologies. This is a summary view of how we see technology will affect real estate and Property Management market in 2019.
Drones Have Become common in 2018 and the trends are likely to continue in 2019. So far the use of drones has been mainly used for recreational use of drones in photography is becoming far more common and would become a common part of real estate marketing photography.
2. Augmented reality
Since the launch of Google glasses augmented reality there’s been struggling to find use in the real world, as technology is advancing the real world use cases will increase and we believe that the real estate and Property Management sector will be one of the first to take advantage in wide adoption of the technology. From virtual viewings of properties to helping repairs of properties from a central location can be done through effectively with virtual reality and augmented reality kits.
3. Smart devices
Smart Home devices have matured and adopted broadly by public and property management companies will be able to used Range devices to minimise site visits. This will be particularly useful in the holiday let and short let Airbnb market whereby guests can self-check-in and property management companies will be able to monitor the place without having to make site visits.
4. Cloud software
The use of Cloud software will continue to increase as more and more than this into the market with a wide range of functionalities to suit property management companies of all sizes. There is a number of cloud software such as Mortgage Affordability Calculator and tools for admin tasks and automation, and property managers and landlords will be able to benefit from it.
In conclusion, we believe that 2019 will be an exciting year for property management companies with a number of advances in Technologies to streamline processes and reduce operating costs.