What is PropTech?

The term for property and technology has many variations globally, with words such as PropTech, RealTech and CREtech often used interchangeably. For the purposes of this site, we have used PropTech to cover all technological and digital innovations relating to property.

 

Why Does it Matter?

Every industry is facing disruption and the challenge of moving from into a digital future. The property industry is no exception. We are seeing significant transformation as the fourth industrial revolution continually redefines the relationship between the digital and property.

Are you Embracing Tech?

PropTech’s potential is undeniable. Is it time for you to dive in? Real estate decision makers have noticed the huge steps forward that other industries have made with the adoption of technology, such as FinTech in financial services, and are looking at how they might follow suit.

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Property Technology Paves the Way for Digital Transformation.

The whole world is undergoing a Digital Transformation and the way business is done is changing by the day.  

This changing landscape is now being felt in the property industry. New solutions and products are arriving on the market and each one brings something new for business leaders to think about. Today’s profits must be measured against tomorrow’s potential, and best practices that have served the company well for decades must be analyzed, questioned and improved.

This is all part of the required transition from the old into the new. Business leaders around the world are investing heavily in technology that helps make this transition as seamless as possible. To this end, cloud-based software solutions are proving particularly useful thanks to their ability to create ease and efficiency through accessibility and automation.

 

 

Property Technology Paves the Way for Digital Transformation.

The drivers for change in the property industry.

The adoption of new technology is also being driven by the need to extract data quickly and efficiently, streamline processes and transactions, and offer the best possible customer experience. 

Transact Faster and Smarter. Technology can reduce daily admin tasks by over 75%, through clever workflow automations. This means you can get on with what really matters in your business, focusing on opportunities, reduce costs and delivering experiences which retain your clients.

Better Customer Experiences. Your end customers now expect a more personally tailored service as opposed to something that feels ‘off the rack’. Early adopters in the commercial real estate market know that the only viable and affordable way to offer such a service is through technology.

Need for Strategic Differentiation. While there is no one-size-fits-all strategy to respond to the changes the industry is experiencing, it is evident that property organizations need to develop, implement and integrate a clear digital strategy now if they are to stay ahead of the game in today’s rapidly changing environment.

The drivers for change in the property industry.
SUPPORTING PROPERTY MANAGERS AROUND THE WORLD

4k+

USERS

60k+

PROPERTIES

In 40+

COUNTRIES

65+ Staff

IN 7 OFFICES

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Property Management Best Practice 

How to build relationships and boost income per tenancy

(Source: Macquarie Bank | 2018 Commercial Real Estate Benchmarking Report)

GET THE PLATFORM RIGHT
  • Review and optimize process – streamline and remove duplication
  • Invest in or adopt digital solutions that automate administrative tasks
  • Consider the structure and roles of the team to be optimally efficient
DIVERSIFY AND ADD VALUE
  • Test and improve your client experience – responsiveness, service standards, value
  • Understand your client’s needs – how else can you serve them?
  • Consider your target market – how can you maximize your income per tenancy
PREPARE FOR MARKET CHANGE
  • What would you change if you were going to disrupt yourself?
  • Focus on productivity and operational efficiency
  • What other markets are adjacent to yours and how could you enter them?

A Staged Approach to Digital Adoption

Work on your terms

You can access your property data from anywhere, anytime and on any device.

Everything together

Bring all your daily activities into one centralized workspace.

Automatic data backups

Never again run the risk of system failure. The cloud backs up your data daily and automatically.

Pay only for what you use

Lower the total cost of ownership by only paying for what you actually use.

Scale to meet your needs

Scale the solution to meet your needs and continually access new and innovative features.

Secure and Robust

Keep your data safe and sound with leading edge data security measures.

Make better decisions

Have complete visibility of critical financials and export data for further analysis. Keep your banking, bills, income, expenses and invoices in line and on track.

Have total oversight

In the property game mistakes can be costly. Reduce the risk with instant reminders and alerts, which put you in control so that you never miss an important date or task again, even when you’re on the move.

Strengthen relationships

Know what you have to do when you have to do it. Have all your key data, analytics, and people in one place so you can stand a cut above when talking to owners, managers or your customers.

Streamline processes

Collaborate across your team & complete complex tasks with ease. From tenant interactions to payments received & expenses incurred, everything is tracked.

Automate tasks

Don’t waste time on repetitive manual processes. Use intelligent automation to complete complex tasks in seconds, not hours, boosting efficiency.

Increase revenue

Monitor the performance of your business with actionable data at your fingertips, available on any device, anywhere.

Be strategic

Take action now before it's too late. PropTech is here to stay and if you ride the wave you could gain market differentiation and significant competitive advantages.

Be dedicated

The technology is only as good as the user. Make sure you are dedicated to the cause of learning, implementing and nominating power users.

Be collaborative

Talk to your direct and wider teams. Understand their pain points and results they would like to see from the technology. This will drive your software choice.

Be customer-centric

Place the customer at the heart of your selection choice. Understand their motives and drivers for choosing you over your competitors and make sure the technology supports this.

Be outcome focused

Take the time to understand your objectives from all levels - executive, management, administration and finance. In most cases, the software will have different strengths, prioritize your objectives.

Be selective

Not all commercial property management platforms are the same - do your research and pick up the phone. Look for a partner who will guide you, onboard you, and train you to achieve great results.

How We Can Help You

Our cloud-based property software connects people with the right information anytime, anywhere, on any device. We help property managers and investors prosper.

Re-Leased is a cloud-based commercial property management platform. The platform manages over 35,000 properties worldwide for commercial landlords and managers who see cloud-based technology as a way to significantly reduce the costs of administering their portfolio while also enhancing tenant services.

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Re-Leased is cloud-based commercial property management software that makes life easier for property managers and owners.

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