Wholesaler · Philadelphia, PA · Member since 2016 · 124 posts · 81 votes
Proptech. It's coming. Some feel it's already here.
What is it Proptech (Property Technology)? It's technological innovations meant to either support real estate professionals or replace them. They are platforms that automate property management, facilitating real estate deals without agents or brokers and many other things. In some cases, they are brokers and title companies as well. These startups are popping up in growing numbers. It's becoming big business thanks to venturing capitalists that are throwing millions of dollars behind it. Fast, simple real estate transactions at scale are the imperative goals for Proptech players.
The million-dollar question is - what does this mean for smaller investors? As the behavior for real estate investment goes digital should Proptech be seen as a threat or an opportunity to capitalize on the next wave in REI?
Wholesaler · Los Angeles, CA · Member since 2016 · 276 posts · 181 votes
6y
In my opinion, it means the same thing as it does for bigger investors, and every other company in the world. Learn to adapt or die. It's nature's way.