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The Future of Real Estate: What Industry Professionals Are Saying Now

A Group of Cutler Bay Real Estate Investors Talking in Front of a City SkylineFor good reason, the future of the real estate sector is always a hot topic of discussion. A rental property investor’s portfolio can be made or broken by market fluctuations. That’s why it’s crucial to keep up with what industry experts have to say about the future of real estate. This article explores various expert opinions regarding the future of real estate. We will also investigate how Cutler Bay property managers and investors might profit from these developments.

What the experts are saying

Than Merrill, CEO of FortuneBuilder and a real estate investor, sees the impact of technology on the real estate business. As reported by Merrill, “the emergence and growing popularity of cryptocurrency and blockchain will greatly impact transaction times” for those in the real estate business. He also believes that these technologies will help buyers and sellers of real estate to work more quickly than ever before.

Other industry experts believe that technology will disrupt many more real estate investing practices. Dominique Burgauer, the CEO of Archilogic, predicts that in the near future, “almost every stage of a building’s lifecycle will be managed online. From construction and furnishing to sales and maintenance, the real estate industry will be online.” Burgauer expects that as more Millennials enter the housing market, they will not “tolerate the industry as it is today.” The need for online services will only increase, forcing property investors, landlords, and other market participants to go online.

An alternative opinion from Adena Hefets, co-founder and CEO of Divvy Homes, points out that innovation has already altered real estate investing and will continue to do so in new and interesting ways. This innovation, according to Hefets, “will continue to dramatically improve the customer experience – as more real estate companies will apply the immense data they have collected from being in the market to their platforms. This data application will help us better understand the market, helping home buyers negotiate, obtain a mortgage, deal with title issues and escrow, and efficiently remove many headaches that previously plagued the home buying experience.”

Implications for Rental Property Owners

Experts on the real estate market agree that technology will have a significant impact on the future of investing in rental properties, so it is prudent for owners to pay attention. It is more crucial than ever to keep up with the latest technological advancements. You may surely keep ahead of big market shifts and continue to maximize the potential of each property by employing cutting-edge technologies.

Likewise, assessing each new real estate technology as it becomes available and deciding the best course of action can be time-consuming. Hire a good management company, such as Real Property Management Genesis, to help you navigate the changes. We are part of a national company with the resources to research and adopt the technology rental property owners need to stay profitable and efficient. Contact us online today to learn more.

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