5 Technology Trends Disrupting Real Estate Today

Recent history has shown that the way for organizations in every industry to stay relevant in the marketplace is through disruptive innovation. To this end, smart leaders in real estate are leveraging emerging technologies while others avoid new tools.

Unfortunately, even if they don’t look for ways to disrupt, disruption may still find them: Reluctance to adopt new technology can stand in the way of innovation, and this, in turn, can lead to unintentional and potentially hazardous forms of disruption.

1. Safer Buildings

The key technology trend, post-Covid, will be making buildings safer for occupants. This effort spans a variety of means, such as special HEPA filters with UV lights, touchless entry, and automated sanitization measures. The technology that goes into ensuring safety will be so important for real estate across new developments and in updating existing real estate.

2. Smart Access Control

Smart access control is the No. 1 investment that property owners can make toward making their buildings more efficient. Pun intended, it unlocks so many opportunities to save as a property manager.

3. Spread Of Blockchain

Blockchain as an industry trend is nascent, but it has the potential to significantly transform the industry. Data is the lifeblood of the real estate industry. However, given the large number of human connections that touch that data, and the sometimes subjective nature of assessment, data is often unreliable. With blockchain, some of this data can be captured in a single source of truth.

4. Rental Management Software

Move as much of your rental management activity online as you possibly can. AppFolio was cited as the No. 1 fastest-growing company of 2020 by Fortune magazine and for good reason. Rental management software saves time by automating a large number of tasks that once were manual. With automation comes savings, and with savings, profit.

5. Tech-Supported Contact-Free Experiences

Consumer expectations have shifted, with many seeking properties short- or midterm that does their best to limit human interaction. Technology that supports contact-free experiences, such as keyless entry systems, will become increasingly popular, especially in apart-hotels that have no common areas, and provide in-unit amenities for longer stays, such as dishwashers, refrigerators, and more.

via: Forbes