Technology Is Evolving Property Management And Leasing

Forbes Magazine

Real estate is an attractive investment for a variety of reasons, but managing a real estate asset brings a number of challenges for which an average investor isn’t ready.

A typical real estate purchase is a safe and secure investment. It is a predictable place to put money and generate consistent annual returns. But there is no “typical” real estate investor. Look no further than your own street to find one property owned by a single landlord with a modest one-property portfolio, next to another owned by a real estate investment trust (REIT) like Blackstone with tens of billions in holdings. Everyone wants a piece of the pie and more often than not, much (or all) of the processes and software used to manage these properties have lagged behind the wave of Silicon Valley technology that has inundated the rest of our lives.

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