It's no secret that the PropTech industry is booming. The PropTech market size was valued at more than £20 billion in 2021, up from less than £2 billion in 2014. It's not just PropTech startups that are making waves either- established companies like Airbnb, Booking.com and other Property-related companies are investing heavily in new technology to stay ahead of the curve.
What does this mean for your property business?
Technology will be essential for any successful business moving forward, but it can seem daunting to know where to start (never mind how!).
Technology is a crucial component of any successful business. PropTech has been disrupting the property industry for years, and while there have been some bumps in the road, it looks like PropTech will be here to stay. In this blog post, we'll discuss why PropTech is so important for your property business moving forward and how you can use a Property Management CRM Software to improve your investor relationships and manage your property pipeline.
PropTech's importance
It's no secret that PropTech is taking over the property industry. PropTech has had a big impact on how we buy, sell, rent and manage our properties, but it can be hard to know where to start when it comes to getting up-to-date.
A decent CRM (Customer Relationship Management Tool) or Property Management Software can provide an avenue for you to connect with your investors and manage your property portfolio effectively.
For example, Property Store has features that allow you to communicate with your investors, automate tasks and manage your expenditure - all in one place.
There are tonnes of companies out there that can help you in all aspects of your business, it's time to embrace the new wave and scale up!
The role of CRMs and Property Maintenance Software Property Apps in the PropTech industry
Airbnb
Airbnb is a PropTech company that has been disrupting the property industry for years.
The size of Airbnb can't be understated as it now has more than 40 million listings in over 191 countries!
Airbnb has seen the rise of Serviced Accommodation and made it cheaper and easier to travel the world.
Airbnb has also lowered the barriers of entry for investors looking to invest in property. Cashflow is also more than a regular house for rent. As such, there was a significant boom of Serviced Accommodations all over UK.
The size of Airbnb can't be understated as it now has more than 40 million listings in over 191 countries!
Property Store
The majority of Property CRMs on the market today focus on either the front or back end of administration. Alternatively, you may be required to customise a sales tool to meet your requirements. There is no such thing as a single system that can keep track of your contacts, preserve your important documents, rank your activities, and allow you to communicate with your network.
Property Store is a property management CRM software solution designed particularly for Property Portfolio Management. We believe in making things easier for real estate professionals, from sourcing deals to managing your lettings. Property Store is the 'One Stop Shop' for all your business.
Property Store is a software solution designed particularly for Property Portfolio Management
LandBay
John Goodall and his team at Landbay are a PropTech firm based in London that was founded in 2014. Landbay is a new type of investment opportunity for everyday lenders that helps investors to gain the consistent, solid, and regular financial returns accessible via the resilient UK buy-to-let mortgage market while also assisting responsible borrowers in obtaining access to funding fast!
Prosperity Network
The Prosperity Network provide a different type of PropTech proposition. They are a group of serious and active property investors and aim to educate investors in an affordable way that provides massive value!
They have been part of an education system in the Property Investing world that has changed over the years. And believe that Property Investing needs to be led by relevant content, consistently updated and correct for the changing Property Markets of today.
Their intention is to deliver Property Education, support and accountability.
Summary
The PropTech industry is becoming more accessible to all. Technologies such as Property Maintenance Software Property Apps are being adopted by the Property sector for thier efficiency, cost-effectiveness, and relative ease of use. PropTechs have had a huge impact on how people buy, sell or rent properties.
PropTech has seen the rise of Serviced Accommodation and made it cheaper and easier to travel the world. And a CRM (Customer Relationship Management Tool) can be used to connect with investors and manage your portfolio.
So take the leap today and find out how we can help!
Want a free trial of Property Store? Sign up now and get your first week free!
Not convinced yet? Click here to attend our free webinar where we will show you how Property Store can support you in your property investing business.
Want to see more? Head over to our features page where we recorded a live demo that you can watch to see Property Store in action.
Got a question? Check out our Frequently Asked Questions Page for answers to common concerns or you can contact us here.
Want to know more about Property Management CRMs? Check out our blog about the best Property Management CRM Software in the market today!