The concept of self-touring (a prospective renter or home buyer tours the property on their own, without an agent) has been around for a long time, but with the help of smart locks, smart home devices, and software integrations, we are seeing the true potential of self-touring.
To achieve the goal of reducing the globe’s net greenhouse gas emissions to zero percent by 2050, we need the vast majority of commercial property owners to become more energy efficient with a focus on renewable energy sources.
Underwriting software needs to be flexible in order to achieve mass adoption. Prior to joining Nine Four Ventures, I spent 8+ years in multifamily and commercial real estate acquisitions, where I underwrote nearly $10B in transactions.
As we are in the early innings of real estate technology adoption, we are seeing new tech-enabled platforms enter the space. Many of these platforms are challenging the traditional incumbents in the space, ranging from service providers to hardware to property management systems.
In the “amenities arm race” of the multifamily industry, one often overlooked amenity is providing reliable, fast internet to residents. Internet needs to work immediately when a resident moves in to their new home.
On the surface, smart lighting seems like a relatively simple and easy way to “smarten” your communities. Just screw in a smart light bulb or add a smart outlet! However, this is a category where there is more than one route to take, all with different pros and cons.
Today, smart home technology may be viewed as a “wow factor” that differentiates one apartment community from another. Tomorrow, smart home technology will be a requirement...