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

A Group of Chula Vista Real Estate Investors Talking in Front of a City SkylineThe future of the real estate industry is always a popular discussion. A rental property investor’s portfolio can be made or broken by market changes. That’s why it’s critical to keep up with what industry experts have to say about the future of real estate. This article looks at several expert forecasts regarding the future of real estate. We’ll also look at how Chula Vista property managers and investors might take advantage of these trends.

What the experts are saying

Than Merrill, CEO of FortuneBuilder and a real estate investor, acknowledges the impact of technology on the real estate industry. According to Merrill, “the emergence and growing popularity of cryptocurrency and blockchain will greatly impact transaction times” for real estate purchasers. He also thinks that these technologies will enable buyers and sellers of real estate to work more quickly than before.

Similarly, many more real estate investing traditions are expected to be disrupted by technology, according to market experts. In the near future, according to Dominique Burgauer, CEO of Archilogic, “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 thinks that as more Millennials enter the housing market, they will no longer “tolerate the industry as it is today.” The demand for online services will continue to expand, necessitating that property investors, landlords, and several other market participants shift their business online.

On the other hand, Adena Hefets, co-founder and CEO of Divvy Homes, observes how innovation has already revolutionized real estate investing and will continue to carry it in new and interesting directions. This innovation, says Hefet, “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

With real estate experts predicting that technology will have a significant impact on the future of rental property investing, it seems smart for owners to pay attention. It is more important than ever to stay abreast of the latest technological developments. Using cutting-edge technology, you can anticipate big market shifts and maximize the potential of any property.

However, it can be time-consuming to evaluate each newly released real estate technology solution and select the optimal course of action. An alternative can be to hire a reputable management company, such as Real Property Management Realevate Refined, 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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