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Choosing the best proptech solution for your real estate business can be difficult, especially with the new automating technology emerging every day in the market. However, defining which solution provides maximum value to customers and partners alike automates the process to a certain extent. For example, automating tenant communications with chatbots and collecting online payments will appeal to renters, while allowing investors to easily submit maintenance requests will surely grab their attention. To further simplify the decision-making process, consider hiring a software development firm that specializes in creating an MVP of your concept and provides bespoke options to meet specific needs.

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The automation of tasks in the real estate world is handled by Proptech firms. All entities in this industry can be divided into two categories, those who offer basic real estate services such as providing aid in searching, buying or renting real estate; and specialized companies that offer solutions to a specific niche in the real estate market.

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The categories that proptech includes are a variety of them including property management software, and short-term rental apps, as well as property management software through which remote estate buyers, sellers, and renters can locate properties. Another form of software enables landlords to seamlessly interact with tenants, agents, and even contractors for better streamlined communication and property maintenance. Short term rental applications and websites which are wide spread over the past decade also fall under the proptech category.

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Real estate asset holders are not left behind the proptech application since they can create impressive reports using data analytics tools, making it easy to cover all of their holdings within the portfolio. This enables better operational decisions to be made, making optimal streamlining possible, improving profits in the long run.

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With artificial intelligence and Big Data being embraced by the industry, there is a growing trend in the use of automation and optimization of traditional processes by property sector tech startups. These are likely to be adopted by more and more real estate firms over time.