Proptech Demand is Soaring: 4 Major Opportunities in CRE
The Proptech industry offers lucrative opportunities for those looking to disrupt the real estate market. From smart home technology to blockchain solutions, Proptech presents a wealth of innovative tools to boost growth and profitability. Smart investors in the industry are poised to capitalize on emerging trends like predictive analysis, virtual reality, and advanced property management software. By leveraging these data-driven insights and technologies, investors can make better-informed decisions, increase portfolio performance, and achieve higher returns. Here we’ll discuss a few of the biggest emerging trends in property technology and how Dottid can move you into the next era of asset management.
Emerging Types of Proptech
The history of Proptech can be traced back to the earliest days of the internet when property listings first started to move online. As years passed and technology evolved, Proptech evolved, too—moving to include various tools meant to streamline property transactions and management. In the early 2010s, Proptech gained even more traction as venture capital (VC) investors began pouring money into the industry. While property technology has become integral to the real estate and property investment markets, countless tech-driven companies are vying for a piece of the pie. But Dottid is taking a different approach as the only all-in-one asset management platform. We’ll discuss exactly what that means as we break down a few of the largest opportunities in Proptech.
Virtual Reality
Thanks to the rise of the metaverse, real estate tech is changing, too. Virtual, augmented, and mixed-reality tools are beginning to provide immersive property tours and virtual staging, creating a new age of real estate technology. This can help potential buyers, investors, and tenants get a better sense of the property without the challenges of in-person showings. You can utilize tools like Room Sketcher to provide virtual 3D floorplans, upload your virtual tours into the metaverse, and explore other options in virtual reality.
Predictive Analytics
Using data analysis to forecast future trends and patterns, new predictive analytics tools can be used to envision future values of properties, identify potential risks and opportunities, and arm investors to make better decisions for their portfolios. Dottid’s insight technology allows you to analyze trends in your prospect data to prepare for the next big thing.
Smart Home Tech
Don’t let your portfolio fall behind on the latest trends in real estate. The demand for smart home technology may not seem relevant to the CRE industry, as more of a real estate technology. Still, as demand for smart thermostats, lighting systems, and security cameras continues to grow, owners and investors should consider implementing these technologies for their portfolio properties to meet tenants’ evolving needs.
Are you embarking on a smart home technology upgrade? Dottid’s CapEx Projects tool can help you manage the rollout.
Property Management Software
Property management software isn’t a newcomer to the CRE scene—in fact, the first property management software was launched decades ago. But for many property managers, owners, and investors in the CRE space, Proptech still falls short in providing them the functionality they need. Often, hours are wasted switching between disparate platforms, reformatting data from multiple sources, and ultimately completing work that should be automated. Luckily, Dottid is here to change that.
How Can Dottid Help?
Ushering in the next era of Proptech, Dottid is designed to help you and your team cut through the noise left in the wake of outdated property management systems. As the only platform built for every asset class—office, industrial, and retail—and the only all-in-one asset management platform, we provide real-time insights, analytics, and data to everyone in your organization who needs it. The following features help bring your portfolio into the new age of Proptech and asset management:
Data Privacy: Dottid is designed to keep the power in your hands and out of the marketplace by equipping users with cutting-edge security and intuitive, modern data tools to protect your valuable insights.
Improved Workflow: Dottid’s Asset OS enables you to combine tasks, files, workflows, and communication seamlessly to empower accountable, high-performing and aligned teams. Yes, we mean whole teams.
Integrations: Connect third-party tools with deep integrations to bring all your work into one place. Gone are the days of platform-switching and computer crashes.
Smart Features: Dottid is filled with smart features powered by your asset data. These include intelligent projections, portfolio suggestions, and more, designed to accelerate your workflow and your cashflow timelines.
All-In-One Capabilities: Dottid is the only platform built for every asset class. This means you can manage your entire portfolio from the beginning of a deal to the everyday management of your properties in a simple, integrated tool. Combine real estate technology, accounting, marketing, and more. With asset-specific visualizations like our slate visualization, real-time insights and tracking data, you’re equipped to save time, build better teams, and make more money than ever before.
If you’re ready to move your asset management into the next generation, contact Dottid or get a demo today! We’re dedicated to being one of the top Proptech solution companies for your business.