Proptech has been a silent forerunner in the real estate industry for decades. With the introduction of AI and a focus on automation, that arena is only expanding. Startup Investor & Consultant, Alan Krawitz explains the position of property technology today:
What is Proptech?
Proptech, or Property Technology, is any digital application that streamlines the processes of real estate. This includes a broad range of applications, including online listing platforms and marketplaces, like those on websites like Zillow, Realtor and Houzeo. The objective of proptech applications is to utilize data-driven insights to enhance the user experience and offer new opportunities for managing the process as a buyer or seller.
AI in Property Technology in Property Management
Artificial Intelligence AI tools are speeding up the process of innovation in real estate tech. Beyond enhancing already existing real estate marketplaces, AI tools are benefiting the property management industry in many ways. Many tools streamline the property management process by organizing rent collection, managing tenant screening and even scheduling maintenance & repairs across properties.
Proptech for Real Estate Investors
Alan Krawitz recognizes the positive impact of proptech on the investment sector of real estate. He is currently interested in working with the top startups and most innovative entrepreneurs developing proptech platforms for real estate investors. Krawitz hopes to manage the development of a platform that will organize real estate investment opportunities according to a variety of data insights, metrics and user-set information.
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