Real estate & tech improvements | Inside Real Estate - February, 4th 2020 | Inside.com

Inside Real Estate (Feb 4th, 2020)

Real estate & tech improvements

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1. The real estate industry has been notoriously slow in adopting new technology, according to Forbes, but it's now embracing AI, virtual reality, 5G and drones. Another new tech focus in real estate is the Internet of Things (IoT), which refers to devices that are constantly communicating digitally to the cloud. These could help multifamily housing landlords know what maintenance specific units may need and could, in the future, even know what predictive measures could be taken to prevent major repairs. Some experts believe that in the future, “homebuyers may be able to download a comprehensive history of a home’s maintenance and upkeep through its smart devices connected to the electrical, HVAC, and plumbing.” That translates to: “No more guessing or paying for costly inspections to understand the condition of a house.” - FORBES

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