With the impact of digitization, the real estate market will have changes in almost all aspects from transactions, capital deployment, asset management, and consumption patterns. Businesses in this field need to grasp the trends and make appropriate plans to reduce risks, improve business efficiency, and meet customer needs. Let’s take a look at the outstanding trends of the real estate management industry in 2023 with CyFeer.
TENANTS TEND TO BE YOUNGER
Tenants of the Millennials generation (born in 1981-1996) and especially Gen Z (born in 1997 or later) occupy the majority of the customers. They have higher requirements when renting or buying a house with one of the top criteria being that housing needs high-tech solutions. This led to the fact that real estate Management Companies also began to apply “technologicalization” to meet the needs of these generations.
Tenants are now getting younger. They are Gen Y and Gen Z.
THE RENTAL MARKET IS CLEARLY DIFFERENTIATED
High-income tenants will be willing to pay more for apartments with better services and amenities. Meanwhile, after the pandemic, a part of tenants also tend to move to the suburbs, far from the city to save rent costs.
NEW OPPORTUNITY TO START A RENTAL BUSINESS
There are many homeowners who happen to start a rental business during the epidemic period. Buying real estate and leasing business is gradually gaining popularity as it is a safe and profitable form of property management.
MANAGEMENT SOFTWARE ASCENDS THE THRONE
“Automation” is a phrase that the Management Board and the Investor are most concerned about today. To reduce the increasing workload and expand the business scale, the support of smart devices and software is needed. Cloud-based SaaS (Software as a Service) software technology is showing many advancements in property accounting, time management, tenants, online payments, maintenance, and repair services.
“Automation” is a phrase that the Management Board and the Investor are most concerned about today.
As one of the companies with outstanding strengths in technology, CyHome has been making continuous efforts to develop to keep up with the trends of the real estate management industry, in order to provide good consulting and support services. for the Investors as well as the Management Board.
CYHOME – SOLUTION FOR EFFICIENT MANAGEMENT & TRANSPARENT INFORMATION
Digital transformation is an inevitable trend in all fields in the 4.0 digital technology era. Real estate management is one of the priority areas for digital transformation and application of technology in management and operation. So how to digitally transform to maximize the efficiency of building/apartment management?
CyHome ecosystem with PMS, Application for residents and merchants.
To make transparent information about revenue and expenditure services, management costs, and services as well as to ensure effective communication with residents, it is a trend to apply digital transformation to the building management and administration:
- Operation management: Manage the operation of the building, technical team, decentralization, decentralization, … in a professional, high-efficiency manner.
- Residents Management: Comprehensive management of data on apartments, apartments, residents, etc., and process and resolve residents’ requests and recommendations quickly.
- Management of accounting, administrative, revenue, and expenditure: Human resource management, management fee collection, utility bill payment.
- Integrate many convenient features for residents: Order utilities, and services, pay fees easily, update news, send recommendations, and request support. Two-way communication quickly and effectively with Management.
Digital transformation in building/apartment management not only helps the Investor and the Management Board to be transparent in costs and operation but also helps to optimize management efficiency, as well as improve the satisfaction of residents.
CyHome apartment management software is proud to accompany the Management Board to optimize operation management and save time; improve the quality of life of residents in the building/apartment.
