It seems like the pandemic era has left us ages ago when in fact it’s only been almost three years since the world came to a screeching halt. During this time many transformations took place, from the way people work and do business to the way we’ve evolved our interactions through the use of technology.
One thing we can take from the many learnings and growth opportunities that came about during this period is that technology, especially property technology, is not something dreamed up for the future but is already present in today’s world.
“PropTech,” the acronym most commonly used for property technology that revolutionizes traditional homes and offices by grouping innovations and applying new technologies in the real estate sector is incorporating interoperability into the smart-home ecosystem.
In plain terms, PropTech is a technology that makes it easier to work with properties. But, we first need to understand just how intricate it is working with properties to better grasp how companies like TENNTS shape smart living technology and reimagine hospitality to build stronger communities.
Imagine you are renting an office building and you want to save energy by reducing the use of air conditioning, but you don’t want your tenants to suffer from heat exhaustion or freeze in the cold.
Traditional HVAC systems installed in buildings will disperse air throughout the offices even if you are not using a specific area. Advanced technology now incorporates cutting-edge solutions that enable the control of every zone independently using a single integrated system.
Now, imagine a zero-fuss property management solution that incorporates this and other smart-home technologies while securing your investment and providing you with real-time financial reports so you know the financial status of your rentals anytime, anywhere. This is what technological intelligence is all about — connecting you to your property in the easiest way.
Traditional property management
Whether you are a landlord, tenant, or investor managing a property takes up time, a whole lot of it. From dealing with rent, and handling maintenance requests to mediating complaints and more, these management styles have usually been handled as independent tasks. So when the world went digital, to mitigate the impact of the pandemic, these processes were felt keenly.
Traditional real estate suffers from the lack of automation and flexibility and that’s where PropTech companies come into play as they address these challenges providing an innovative approach to the industry.
Your gold mine in PropTech
As the world becomes more and more digital, it’s imperative that property management systems shift to digital capabilities that include IoT and big data analytics all while in the palm of your hand. PropTech, then, should solve today’s problems for tenants, landlords, and investors.
For an investor looking for assistance to manage their portfolios, choosing a PropTech company is key. According to Statista, “technological innovation is allowing companies to improve the efficiency of existing processes and introduce new products and services.”
Investing in PropTech assures you that your leasing and management experience is easier and more seamless. In order to optimize your investment and free up your time, partner with startups like TENNTS and get more value out
of smart living technology. They are currently undergoing a crowdfunding round with opportunities for early investors to join and get a share of a company aiming to disrupt the $900B rental and hospitality market.