3 Ways this Next-Gen PropTech Platform Overhauled the Real Estate Industry

Countless industries and sectors have been overhauled by the rise of tech breakthroughs in recent years – from retail, and hospitality, to healthcare. But one of the most noticeable disruptions is within the real estate arena brought about by the emergence of property technology. With its range of modern capabilities and advancements, “proptech” is revolutionizing the real estate industry by enabling property owners, managers, investors, and tenants to better manage their assets and properties.

Grand View Research has reported that in 2021, the global real estate market was valued at USD 3.69 trillion and is projected to grow at a compound annual growth rate (CAGR) of 5.2% between 2022 and 2030. This growth is attributed in part to the rise of proptech, which has contributed to the efficiency and profitability of real estate transactions through property technology.

MyTower, an all-in-one, innovative platform for next-level property intelligence management, is leading this revolution by empowering B2B and B2C clients, ranging from real estate developers to property managers, and tenants. Moreover, it manages multiple assets of all types: residential condos, multi-family, offices and CRE, communities from student housing to co-living, and more.

This proptech platform is at the forefront of the real estate grand overhaul, streamlining every company’s outdated processes in the industry. Here are some of the most significant benefits property professionals and tenants can enjoy:

Utmost Transparency

Transparency is one of the most significant benefits of proptech. It provides property investors, managers, and tenants with access to detailed information about properties, including their location, pricing, condition, and other relevant details. This level of transparency has made it easier for investors and tenants to make informed decisions about their investments, thereby reducing the risk of fraud and scams. MyTower’s property intelligence management platform connects and enhances property and service management, bringing the entire ecosystem under one virtual roof.

With the help of MyTower, buyers and tenants can quickly find properties that match their requirements, compare prices and analyze market trends. The availability of detailed information about properties has also led to more efficient and effective decision-making, which has reduced the time and cost associated with traditional communication methods.

Optimized Communication

Effective communication is a fundamental aspect of property management, and the team at MyTower understands this well. They have recognized the importance of providing clear and simple communication channels for both tenants and managers, making it easier for them to interact with one another.

One of the standout features of MyTower is its 24/7 reporting system. This feature allows tenants to report any issues or concerns at any time of the day or night, ensuring that they are promptly addressed by property managers. On the other hand, direct communication is also a crucial aspect of the platform, enabling tenants and managers to communicate with each other in real time and facilitating faster and more efficient issue resolution.

MyTower’s guest and entrance control feature enables tenants to manage access to their apartments, making it easier to monitor who enters the building and when. Notifications and updates keep tenants informed about any changes or updates related to their property, ensuring that they are always up-to-date with any developments.

Another critical feature of MyTower is its integrated emergency alarm system, which provides an extra layer of security for tenants. Moreover, the finance and legal management feature allows for streamlined financial management, making it easier for managers to keep track of finances and ensure that all legal requirements are met.

Increased Flexibility and Convenience

One of the key aspects of MyTower’s platform is its focus on promoting flexibility and convenience for tenants. Their concierge services are designed to make life easier and better, catering to tenants’ every need and allowing them to clear their schedules and focus on other tasks.

One of the standout features of MyTower’s concierge services is their room service offering. Tenants can order meals from the comfort of their apartment, eliminating the need to go out to restaurants or cook for themselves. This feature is especially convenient for tenants who have busy schedules and don’t have time to prepare meals.

What’s more, MyTower’s spa treatments allow tenants to enjoy a range of relaxing treatments without leaving the building. This feature is especially appealing to busy professionals who need to unwind after a long day at work.

The platform’s housekeeping and laundry services are also highly convenient, allowing tenants to outsource these time-consuming tasks and free up their schedule for more important tasks. The housekeeping service ensures that apartments are kept clean and tidy, while the laundry service takes care of washing and folding clothes.

MyTower’s delivery service is another useful feature, allowing tenants to receive deliveries directly to their apartments. This feature is especially convenient for tenants who frequently receive packages or have busy schedules that make it difficult to be present to receive deliveries.

The platform’s ecologic car wash service is also highly innovative, providing tenants with an eco-friendly option for washing their vehicles without leaving the building. This service is not only convenient but also helps to reduce the environmental impact of car washing.

Interesting Related Article: “How To Establish A Successful Real Estate Business