Since the technological market is constantly experiencing such amazing changes and breakthroughs, even those who were in denial up until recently can no longer deny that technology, in fact, completely integrated itself into our lives. With the recent innovations, every single market in the world has experienced some game-changing improvements and technological solutions that make performing even some of the most complicated tasks significantly easier.
The world of real estate is no different in this sense. Since technology has become such an omnipresent factor in our daily lives, it was only a matter of time when the real estate professionals will start using it to their advantage as well. That being said, here are some new ways technology is shaping the face of real estate.
Advertising and marketing
While in the past real estate agents most commonly had to rely on well-placed newspaper ads and signboards, things have significantly changed with the rise of technology. Nowadays, social media marketing plays a huge part in advertising, closely followed with other digital marketing alternatives, such as SEO and content marketing. Simply publishing an offer on social media will bring greater exposure and by boosting your business’s SEO rankings you’ll gain more visibility, credibility and awareness online. Of course, greater exposure and improved visibility will guarantee increased traffic and more potential clients. With this new change, the need to go mobile has also been brought forth, which is why real estate agencies who wish to make it in today’s market need to implement it in their practice as well.
Rent payment
Back in the old days, paying rent has been significantly different than it is today. While in the earlier years the landlord would visit the property to collect rent on a predetermined date, nowadays, with the use of various mobile applications, tenants can easily take care of this task on the go, from the comfort of their own home, or virtually from anywhere in the world. Another good thing about the mobile payment system is that the majority of apps allow you to automate this process, so the rent will be instantly deducted from your balance as soon as the scheduled payment date rolls around the corner. Additionally, the apps usually allow you to keep track of payment records, in case you ever need them for any reason.
New tools and software solutions
With the latest software solutions, real estate agents and landlord alike will have a significantly easier time staying on top of everything that’s going on in their property. With the latest body corporate management software, property managers can now easily automate everyday tasks and streamline their business process, which will allow them to provide their customers with stand-out customer service. So, not only will implementing these new solutions in your business practice allow you to do your job easier and faster, but it will also enable you to make your customers more satisfied with the way you do things. And customer satisfaction should be every businessperson’s end goal.
Better communication
New technology has brought forth the opportunity for agents and clients, or landlords and tenants to streamline their communication and, thus, improve this very important business aspect. In the past, agents had to spend hours basically playing phone tag with potential clients in order to reach out to them. However, nowadays, emails, direct messages, face calls and numerous other communication channels allow for this communication to go smoother than ever. Online listings are another thing that enable smoother communication, especially if a listing is detailed enough and contains all the necessary information.
Drones
Finally, drones can provide you with an insight into anything and everything that’s going on with your property. Not only are they excellent gadgets that allow you to inspect any property from the outside, but they are also excellent when security is concerned. Aside from this, drowns allow property managers to inspect the state of their property after certain disasters, such as hurricanes or even fire. This way, a property inspection can be performed safely without risking anyone’s life in the process. Furthermore, since drones can be connected to the IoT, they can easily spot, inspect and alert you about any irregularities, such as a potential malfunction or potential security risks, such as uninvited guests or intruders.
These were just some of the latest technological advancements that can be noticed in the world of real estate. Of course, with technology improving at such a rapid pace, it’s quite difficult to predict what else can we expect to see in just a couple of years.