The rise of “Proptech”
For all its intriguing, futuristic promise, “proptech” is still a rather nebulous concept. While developers or investors look to contain ever-expanding technology into bricks and mortar assets, proptech might mean anything from installing facial-recognition security sensors to tracking energy usage. It might involve enabling occupier employees to customise individual heating preferences with a smart phone app, or using sensors to follow individuals’ movements.
Rewind to a few years ago, “the cloud” was seen as a mysterious pocket of the internet that eluded principals and agents alike. Fast forward to now and the cloud is fast becoming the norm and legacy server-based software is quickly becoming obsolete.
This is due to the many benefits of cloud property management software including time and cost savings, scalability, increased security and greater accessibility. Additionally, cloud-based systems have client access which allow tenants and owners to log in and see their property and financial information 24/7, reducing the amount of communication required. At IPM was have already invested in the technology to allow all our tenants fuse free access anytime, anywhere using the on-line tenant portal.
Augmented reality and virtual reality
With VR, potential buyers and renters can virtually view a property from anywhere in the world, at any time. This means that the property is open for inspection 24/7, allowing agents and clients to save time and money while increasing efficiency and engagement.
Meanwhile augmented reality (AR) apps superimpose a computer-generated image of an object into real life, allowing people to do things like capture Pokemon (if that’s your thing) or virtually decorate a space using their phones or tablets. For brokers and developers, they’ll be able to showcase the potential of an unfinished space using AR to present a desired lifestyle and decrease time on market.
The chat bots
The modern consumer expects immediacy. They want answers to their questions and they want them now. That’s where property management robots like chatbots, voice bots and virtual assistants come in. Not only can they help answer consumer queries with little to no delay to keep consumer expectations at bay, but they can also free up your time to focus on what really matters.
Another property management tech trend to watch this year is push technology. While this technology has been around for a few years, it has become increasingly popular as more and more agencies develop their own smartphone apps.
Agencies can use push technology to send content alerts to a smartphone’s locked screen and other notification areas in order to get users back on the app again and generate leads (phone calls).
Inspired Property Management take a view to invest in technology that not only offers our clients and tenants a better service but also allows them to manage their accounts freely and easily. For more information about how you can use our tenant portal click on the link here.