{"id":25476,"date":"2019-01-16T11:35:10","date_gmt":"2019-01-16T15:35:10","guid":{"rendered":"https:\/\/www.mrisoftware.com\/au\/blog\/property-management-tech-forecasts-2019\/"},"modified":"2020-07-20T10:56:45","modified_gmt":"2020-07-20T14:56:45","slug":"property-management-tech-forecasts-2019","status":"publish","type":"post","link":"https:\/\/www.mrisoftware.com\/au\/blog\/property-management-tech-forecasts-2019\/","title":{"rendered":"Property Management Tech Forecasts for 2019"},"content":{"rendered":"

This blog post relates to Rockend, one of our previous brands. For more information please <\/strong> read the press release<\/strong>.<\/a><\/p>\n

In the recent years, the rise\u00a0of PropTech or Property Technology, has\u00a0transformed the real estate industry and changed how agencies run their businesses.\u00a0 It is no secret that those who remained competitive amidst this disruption are those that deployed modern technologies to cut operational costs, increase efficiencies and improve customer service.<\/p>\n

In 2019, technology continues to be the driving force behind successful businesses in\u00a0real estate, particularly those involved in property management.\u00a0 As Tech Analysts\u00a0set out their predictions for emerging technology trends this year, let’s take a look at how they can be applied in a property management software.<\/p>\n

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An open and integrated real estate ecosystem becomes the norm<\/h2>\n

In the last decade, the trend in property management technology is steadily moving towards an open ecosystem \u2013 as opposed to the closed, single-stack systems from legacy providers of yore. You might notice this with the emergence of cloud-based property management software<\/a> that connects with other specialized tools and apps \u2013 like property inspection apps, for example- to streamline your workflow.<\/p>\n

With an\u00a0open ecosystem, the capabilities of a property management software increases,\u00a0providing businesses more options ideal for their team\u2019s specific needs.<\/p>\n

This 2019, this trend is poised to become the norm for property technology, paving the way for a centralized real estate platform in the near future where processes will be managed by a network of providers in a single, easily accessible interface.<\/p>\n

AI will continue to make things happen<\/h2>\n

From predicting your Google searches to recommending what series to watch in Netflix, Artificial Intelligence (AI) is very much part of our modern lives. Also called Machine Learning, this technology is the building block of automation and human-like responses in the apps and software we use.\u00a0 For industries inundated with mundane tasks, it helps streamline operations and increase productivity.<\/p>\n

In property management, application of AI can be seen in arrears management, automated communications and even invoicing<\/a>. And as this technology grows \u2013 and as we continuously look for ways to work more efficiently than before, the possibilities of AI in a property management software is virtually limitless.<\/p>\n

Blockchain\u2019s potential will be explored<\/h2>\n

Deemed as the next big thing since the Internet, Blockchain works by recording encrypted, digital information and distributing them across a network of machines \u2013 all while being incorruptible, allowing for a transparent yet secure transaction. While the technology was initially developed for digital currencies, its application goes beyond that and many industries, including real estate, are exploring its great potential.<\/p>\n

Among the possible applications of Blockchain in a property management software include smart contracts, voting and elections for body corporate transactions, tenant billing and maintaining and updating maintenance records.<\/p>\n

These are just some of the technologies we can expect to be utilised and explored greatly as Property Tech continues to gain traction and attract investors and startups alike.\u00a0 For real estate agencies, it is important to keep updated to these latest tech trends with the help of system providers that\u00a0will ensure optimal\u00a0solutions\u00a0to their needs.<\/p>\n","protected":false},"excerpt":{"rendered":"

This blog post relates to Rockend, one of our previous brands. For more information please read the press release.
\nIn the recent years, the rise\u00a0of PropTech or Property Technology, has\u00a0transformed the real estate industry and changed how agencies ru…<\/p>\n","protected":false},"author":13,"featured_media":25477,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[144],"tags":[],"class_list":["post-25476","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"contentshake_article_id":"","_links":{"self":[{"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/posts\/25476","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/comments?post=25476"}],"version-history":[{"count":0,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/posts\/25476\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/media\/25477"}],"wp:attachment":[{"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/media?parent=25476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/categories?post=25476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mrisoftware.com\/au\/wp-json\/wp\/v2\/tags?post=25476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}